A Nigerian Federal High Court has ordered Oriental Energy, the oil company founded by billionaire businessman Muhammadu Indimi, to pay $43.51 million to his twin daughters, Ameena and Zara Indimi. The twins argued they were entitled to a combined 10 percent stake in Oriental Energy and therefore deserved a proportional share of dividends linked to roughly $435.1 million reportedly declared by the company. They also alleged the changes effectively excluded them from the dividend pool, transforming what could have remained a private family disagreement into a major legal confrontation. Details of how the court calculated the $43.51 million award, as well as the timeline for compliance, remain unclear for now. Though not widely known outside industry circles, Oriental Energy is a significant player in Nigeria’s upstream oil sector.

Source: GhanaWeb February 25, 2026 15:35 UTC