The story is a real-life ‘Succession’ movie series where family members are fighting their father for a portion of the family-owned business.
A Nigerian Federal High Court has ruled in favour of Ameena and Zara Indimi, ordering Oriental Energy, an oil company founded by their father Muhammadu Indimi, to pay them $43.51 million per the African Report. 
Who is Mohammed Indimi?
Mohammed Indimi OFR, born on August 12, 1947, is a Nigerian businessman and philanthropist, known as the founder and chairman of Oriental Energy Resources (OER), an oil exploration and production company. As of October 2023, his net worth was estimated at $500 million, according to Forbes. Though it’s possible his current net worth is reduced due to fluctuations in naira to dollar exchange rates and the instability in the oil & gas industry.
Indimi began his entrepreneurial journey at age 10, selling animal hides with his father. In 1963, he started his own business with a loan of £100. In 1990, he got an oil prospecting licence and founded OER. He has served on the boards of many companies, including Jaiz Bank.
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Why His Twin Daughters Sued Him
This decision is from a legal dispute about the daughters’ entitlement to dividends from the company’s offshore oil assets.
The twins claimed that their ownership was unfairly diluted, which capped their stakes to less than the 10% they believe they rightfully held, which corresponded to a share of a $435.1 million dividend pool declared by Oriental Energy.
According to public reports, the conflict inside the Indimi family has only gotten worse, going beyond the twins to include disputes over who owns what and whether payments to family members should be considered gifts or settlements.
There is still the option of appeal for Indimi. However, this case is still high-stakes drama in the Nigeria oil and gas sector and among wealthy families.
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