Table of Contents
Key Points
- Indimi’s daughters sue for $43.51 million, alleging unjust stake reductions in Oriental Energy’s $435.1 million dividend.
- Ameena and Zara claim their stakes were cut from 5% to 0.6% each, citing intimidation and consent issues.
- Indimi’s declining fortune contrasts with Oriental Energy’s billion-dollar assets, reflecting the stakes in this high-profile family feud.
A brewing family feud has thrust Nigerian multimillionaire oil mogul Mohammed Indimi, founder of Oriental Energy Resources, into the spotlight, marking an unprecedented public conflict within one of Africa’s most affluent families.
Indimi’s daughters, Ameena and Zara, have taken legal action against their father and his oil company, alleging they were unjustly denied their rightful share of a $435.1 million dividend declared by Oriental Energy Resources.
The siblings claim they are entitled to $43.51 million—representing their combined 10 percent stake in the company—but accuse their father of reducing their shareholdings without their consent.
Court documents uncover shareholding dispute
In court filings, the sisters allege they unknowingly signed away shares valued at hundreds of millions of dollars.
Their legal team contends that their individual 5 percent stakes in Oriental Energy were reduced to just 0.6 percent each, stripping them of significant equity and resulting dividends.
The sisters further accuse Indimi of using intimidation tactics to suppress their claims.
Oriental Energy Resources, a private Nigerian oil exploration and production firm founded by Indimi in 1990, is a cornerstone of his wealth.
The company operates three major offshore assets—the Ebok Field, Okwok Field, and OML 115—all within the prolific Niger Delta region.
Its flagship Ebok Terminal serves as a strategic offshore production hub for crude oil storage and offloading.
Indimi's declining fortune and corporate clout
Indimi's net worth, which peaked at $670 million in 2014, declined to $500 million in 2015. Since then, Forbes has stopped tracking his wealth.
Despite this, Indimi remains a top Nigerian business figure, with significant holdings across sectors, including as the largest shareholder of Jaiz Bank.
Though his personal net worth has decreased, Oriental Energy, the company he controls, still boasts assets valued in the billions, highlighting the high stakes in the ongoing family dispute.
