Court Orders $43.51M Payout to Indimi Daughters

On February 25, 2026, the Federal High Court in Nigeria ruled in favor of Ameena and Zara Indimi, awarding them $43.51 million in a legal dispute with Orient Energy Resources. The case centered on claims regarding unpaid dividends associated with a 10% stake in the company, which was reportedly valued at $435.1 million in 2016.

The sisters argued that their individual shareholdings had been improperly reduced from 5% to 0.6% without their consent. The court found merit in their claims, stating that they were entitled to a larger payout from the company, which operates in the oil sector and has offshore assets in the Niger Delta.

The judgment's implications for immediate payment and potential further legal actions remain uncertain. Muhammadu Indimi, the girls' father, is a prominent figure in Nigeria's oil industry, and the case raises concerns about corporate governance and share transfer processes within family-owned businesses.