ties that bind

Nigeria: Billionaire Indimi family torn apart by $435m dividend

By Eniola Akinkuotu, in Abuja

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Posted on November 18, 2024 13:28

Mohammed Indimi of Oriental Energy (rights reserved)
Mohammed Indimi of Oriental Energy (rights reserved)

Court papers reveal that two daughters of billionaire Mohammed Indimi – Ameena and Zara – claim they unknowingly signed away shares worth hundreds of millions of dollars.

Mohammed Indimi is one of the wealthiest men in Nigeria with his companies holding billions of dollars in assets.

His wealth has not bought him peace, however: Indimi’s children are involved in a legal tussle with his company, Oriental Energy Resources, and accuse him of intimidation following the refusal of the firm to pay them out of the $435.1m in declared dividends.

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