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A Victory for Michael Prest

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A Victory for Michael Prest

A Victory for Michael Prest

 

 

 

 

 

In a landmark court ruling Honorable Justice Patrick Thompson Jr on Friday 10th February, handed down a ruling in favour of Michael Prest, which has sent seismic shock in the financial services industry in the Caribbean Island of Nevis. In Claim No: NEVHCV2021/0099, Justice Thompson awarded Prest an Order for certiorari quashing the decision of the Regulator of International Banking to issue the letter dated June 23rd 2021 seeking to restrict Prest and ordered that Prest was entitled to a declaration that the Regulator of International Banking had no authority to restrict the activities of Prest’s company, Petrodel. Thus Prest was successful in his claim for Judicial Review.

 

 

 

 

 

A Victory for Michael Prest

Prest, described by Businessweek as one of “The Rich Boys” , was a protégée of the late King of Oil, Marc Rich. He has had a home in Nevis since 1996. He is the owner of Bank of Nevis International Limited(“BONI”) and one of the largest employers of the small Idyllic Caribbean Island.

 

 

 

 

 

 

In June 2021, the Island’s Regulator Heidi Lynn Sutton and it’s Regulator of International Banking, Phil Jones sought to weaponize their position by serving Prest with a Cease & Desist Order and imposed fines on BONI. Lawyers for Prest argued that neither the Regulator and or Regulator of International Banking had such powers. They were acting with impunity.

 

 

 

 

 

 

“All power tends to corrupt; absolute power corrupts absolutely” – Lord Acton
An August 14 2021 article written about Prest reported “ You can tell that his brain is always working. Every action and everything that he says; every move is well thought out and well calibrated. He does more observing and listening than speaking. The toughest negotiator the oil industry produced. You go up against him, and when you think that he has backed off, is when he comes on like a ton of bricks. He grinds his opponents into submission. He goes quiet on you, behaving as though he has a hundred years to spare, then out of the blue, he attacks,”
It seems the Regulators may have missed that article.
People feel Prest felt had no choice but to stand up to Public Officers acting with impunity. A source says Prest feels the judgement is a victory for everyone who’s ever been set upon by a baying mob or pushed around but didn’t have the means to defend themselves.
Investors
Business and investment has a choice. If Public Officers decide not to follow the Rule of Law and or Due Process, it augurs very bad for small Islands states seeking international investors and investment. Investors want to feel that they are protected, that their investment is protected and there is respect for Due Process and the sanctity of commercial contracts entered into freely by consenting parties.
Fit & Proper
It remains unclear, in light of Honourable Justice Thompson Judgment, whether Miss Sutton or Mr Jones can retain their jobs. Can we be sure they can meet the standard benchmark of being fit & proper?
“They’ve clearly lost all credibility and I can’t imagine them going to international conferences to represent Nevis financial services sector without other banking professionals and service providers, calling them out” a source said. The decision on whether they stay, will be determined by Premier Mark Brantley. Whether they can represent what’s good in St Kitts & Nevis (and there is a lot) is a matter for new Prime Minister Dr Drew.

Prest and BONI were represented by Tim Prudhoe and Jackie Hunkins Taylor.

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Laffmattazz with Gbenga Adeyinka & Friends Returns In 2026, As Canada Joins Tour ‎

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Laffmattazz with Gbenga Adeyinka & Friends Returns In 2026, As Canada Joins Tour


‎Nigeria’s longest-running and most consistent comedy tour, LaffMattazz with Gbenga Adeyinka & Friends, has officially announced its 2026 tour themed “Next Chapter.” The upcoming edition marks a major milestone as the brand celebrates its 15th edition with a bold expansion that includes Canada for the first time.

‎The Next Chapter edition represents a clear evolution from previous years — signaling growth, global reach, and a renewed creative vision. While past editions focused on taking premium comedy experiences across Nigerian cities, the 2026 tour elevates the brand with international exposure, upgraded production, and stronger engagement with audiences at home and in the diaspora.

‎Speaking on the significance of the new theme, organizers describe the 15th edition as more than a celebration of longevity, but a statement of intent — positioning LaffMattazz as a global Nigerian entertainment export.

‎CONFIRMED TOUR CITIES & VENUES
‎•Ibadan – Jogor Center (Easter Sunday, April 5th, 2026)
‎•Akure – The Dome International Culture & Event Center
‎•Abeokuta – OOPL Marquee
‎•Lagos – Balmoral Convention Center
‎•Canada – Multi-city tour (dates to be announced)

‎Audiences can expect a rich blend of comedy, music, and surprise guest appearances — delivered with the signature “& Friends” experience that has defined the tour for over a decade.

‎With the Next Chapter, LaffMattazz reinforces its legacy while opening new doors for African comedy on the global stage.

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Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”

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Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”

Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”

Rising music artist Kevin David Kaydee has released a powerful new single titled Oluwa Settle Me, a soulful Afro-inspired anthem that blends heartfelt prayer with modern rhythm.

 

“Oluwa Settle Me” captures the everyday cry of many believers seeking breakthrough, peace, and divine favour. With emotionally rich melodies and uplifting instrumentation, the song expresses a sincere plea to God for complete answers to life’s pressing questions—career, destiny, relationships, and spiritual fulfilment.

 

Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”
Drawing from Afrocentric sounds and contemporary gospel influences, the track stands out for its simplicity, sincerity, and spiritual depth. Kevin David Kaydee delivers the message with passion, creating a worshipful atmosphere that resonates across age groups and cultures.

 

The song’s message of hope and dependence on God positions it as more than just music,it is a prayer set to melody. By fusing spirituality with modern lifestyle rhythms, “Oluwa Settle Me” reflects the growing wave of gospel music that speaks directly to real-life struggles while pointing listeners back to faith.

 

As gospel music continues to evolve across Africa and beyond, Kevin David Kaydee’s latest release reinforces music as a powerful tool for encouragement, reflection, and spiritual connection.

 

“Oluwa Settle Me” is now gaining attention among gospel music lovers for its relatable message and soulful sound, marking another significant step in the artist’s growing musical journey.

https://ditto.fm/oluwa-settle-me

https://ditto.fm/oluwa-settle-me

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Another Feather for Nollywood Icon Fidelis Duker

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**Another Feather for Nollywood Icon Fidelis Duker

 

*Lagos, Nigeria* — In a remarkable celebration of artistic achievement, renowned Nollywood figure Fidelis Duker received yet another prestigious accolade last weekend, solidifying his role as a key player in the growth of the Nigerian and African film industries. The award was presented in a ceremony held at Duker’s Lagos office by esteemed film and theatre director, Mr. Alex Eyengho, founder of the Warri International Film Festival, alongside Marketing and Strategy Director, Mrs. Matel Eyengho.

The recent recognition builds upon Duker’s previous achievement at last year’s ECOFEST in Dakar, where he was honored with a Lifetime Achievement Award. This latest accolade is a testament to his unwavering dedication and substantial contributions to the cinematic landscape.

“I am truly humbled by this recognition,” Duker expressed during the event. In his speech, Alex Eyengho lauded Duker’s pioneering efforts in establishing significant film festivals in Nigeria, particularly the Abuja International Film Festival, which has played a vital role in promoting local talent and storytelling.

Eyengho emphasized, “Fidelis has not only paved the way for emerging filmmakers but has also helped elevate Nigerian cinema on the global stage. His creative vision and commitment inspire all of us in the industry.”

As Duker reflects on this honor, he acknowledges the importance of teamwork and collaboration in achieving success. “This acknowledgment reaffirms to my team and me that our work is being observed, and it motivates us to continue contributing to the development of our sector,” he stated.

With numerous projects on the horizon, Duker remains a relentless advocate for the growth and recognition of African cinema. His latest recognition is yet another testament to the vibrant and evolving landscape of Nollywood, as industry leaders like him continue to inspire future generations.

As the film industry anticipates the next phase of development, Duker’s continued influence signals a promising future for filmmakers in Nigeria and across the continent.

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