Indimi Twin Sisters Sue Billionaire Father; Court Orders Him To Pay Them $43.5M

Port Harcourt , Nigeria – Federal High Court has delivered a stunning blow to Nigerian oil billionaire Muhammadu Indimi, directing his company, Oriental Energy Resources Limited, to cough up $43.51 million (about N58.3 billion) to his twin daughters, Ameena and Zara Indimi, over a heated dispute on unpaid dividends. The ruling, handed down on February 25, 2026, has thrust one of Nigeria’s wealthiest families into the public glare, exposing cracks in family ties amid massive oil wealth.

The twin sisters dragged their father’s firm to court, claiming they were shortchanged in a whopping $435.1 million dividend payout declared by Oriental Energy back in 2016. According to court documents, Ameena and Zara argued they held a combined 10 percent stake—five percent each—in the company, entitling them to a fair slice of the profits from its offshore oil operations. But they alleged their shares were slashed to a mere 0.6 percent each without their consent, blocking them from millions in rightful earnings.

Sources close to the case reveal that the feud stems from deeper family rifts, with Oriental Energy previously telling the court that Indimi had bought out his children’s stakes for $10 million years ago, a claim the judge dismissed in favor of the daughters. This isn’t the first time whispers of internal squabbles have surfaced; reports suggest other relatives are entangled in similar arguments over asset ownership and whether past payments were gifts or settlements that wiped out dividend rights.

Muhammadu Indimi, a self-made magnate from Borno State and founder of Oriental Energy since 1990, has built a formidable empire in Nigeria’s oil sector, with interests in exploration and production. His family, often seen rubbing shoulders with the elite—including ties to former President Muhammadu Buhari through marriage—has preferred to handle business quietly. But this courtroom drama has peeled back the curtain on how private empires operate, raising eyebrows about governance, transparency, and shareholder rights in family-owned outfits across the country.

The exact breakdown of the $43.51 million award remains under wraps, but the court’s order confirms the sisters’ entitlement, shifting the power dynamics within the Indimi dynasty. Legal experts predict an appeal could drag on for months, potentially escalating into a full-blown enforcement tussle. Meanwhile, social media is buzzing with mixed reactions, from applause for the twins’ boldness to debates on family loyalty versus business fairness.

This case spotlights broader challenges in Nigeria’s opaque corporate landscape, where ownership tweaks and financial details often stay hidden from public scrutiny. As the dust settles, it serves as a wake-up call for tycoons: even blood relations can’t shield against the long arm of the law when billions are at stake.