A Nigerian court has ordered oil firm Oriental Energy Resources to pay $43.51 million to twin sisters Ameena and Zara Indimi in a high-profile dividend dispute.
The ruling stems from a legal battle in which the sisters alleged that their shareholdings in the company were reduced without their consent, resulting in their exclusion from a significant dividend payout. They argued that the adjustment to their equity stakes left them unpaid during a major dividend round.
The court’s decision mandates payment of $43.51 million, marking a significant development in the ongoing family dispute tied to one of Nigeria’s most prominent oil business families.
Muhammadu Indimi, founder of Oriental Energy Resources and a well-known figure in Nigeria’s oil and gas sector, has long been associated with major upstream operations in the country. The case has drawn widespread attention due to the scale of the financial claims and the public profile of the parties involved.
Legal analysts say the judgment could have broader implications for corporate governance, shareholder rights, and transparency within privately held companies, particularly those controlled by family interests.
As of the time of this report, it remains unclear whether an appeal will be filed. Further proceedings may determine the final enforcement of the payment order.
The case continues to generate strong public interest, reflecting the intersection of family dynamics, corporate control, and high-stakes finance in Nigeria’s oil industry.
