Finance & Fintech · Funding signal

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment

Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment — the desk wire, 29 July 2026. A Caribbean bank owned by Nigerian businessman and oil trader Michael Prest is taking the Zambian government to court in a $40 million (about N61.4 billion) legal battle that could test investor confidence in one of Africa’s most closely watched emerging markets.

Updated 29 July 2026 · First published 29 July 2026

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