NigerianCourt Orders Oriental Energy to Pay $43.51M to Billionaire's Daughters
A Nigerian court has ordered Oriental Energy, owned by billionaire Mohammed Indimi, to pay $43.51 million to his twin daughters Ameena and Zara Indimi. The Federal High Court ruling follows years of litigation over unpaid dividends from the company's offshore oil operations. The sisters claimed a 10% equity stake entitled them to a share of a $435 million payout pool, which was later reduced without consent. While the court's detailed reasoning remains undisclosed, the decision represents a significant shift in a dispute that had largely played out behind closed doors. The case highlights broader questions about corporate governance and shareholder rights in Nigeria's family-run energy sector.