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Dividend Row: Indimi Twins Win $43.51 Million Court Judgment Against Their Father.

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Nigerian billionaire oil tycoon Mohammed Indimi has faced a significant legal defeat after his twin daughters, Ameena and Zara Indimi, won a $43.51 million judgment in a long-running dispute over alleged unpaid dividends from the family-owned Oriental Energy.....KINDLY READ THE FULL STORY HERE▶

According to Africa Business Insider, the Federal High Court ruled that the company must pay the sisters in full, bringing a long-simmering family conflict into the public eye.

The dispute reportedly began when the twins claimed they had been excluded from a sizable dividend pool. They asserted that they jointly owned a 10% stake in Oriental Energy, entitling them to a proportional share of the company’s payouts. However, they alleged that their ownership was reduced without their consent, effectively blocking them from receiving millions of dollars tied to the firm’s offshore oil operations.

Court filings revealed that the sisters argued these changes were neither transparent nor agreed upon and deprived them of income legitimately accruing from the company’s performance.

The Federal High Court agreed, ordering Oriental Energy to pay the full $43.51 million. While details of the calculation and payment timeline remain undisclosed, the ruling strengthens the twins’ position and could set the stage for further legal actions, including appeals or enforcement proceedings that may take months.

A Family Empire Under Public Scrutiny

The case has drawn attention because it provides a rare insight into a major privately held Nigerian oil company. Oriental Energy, with offshore interests in the Niger Delta, is a cornerstone of Indimi’s business empire and one of Nigeria’s prominent private upstream oil firms, where ownership structures and financial details are usually private.

Although the Indimi family has historically kept its business affairs private, the scale of the sums and the prominence of the parties have made this dispute a national talking point. Reports suggest the conflict may involve other family members, with disagreements over dividend allocations and whether prior payments to relatives were gifts or buyouts affecting entitlements.

Mohammed Indimi, with extensive interests in energy and finance, is regarded as one of Nigeria’s leading businessmen, and his prominence has amplified public interest in the case. What started as a dispute over missing dividends has now evolved into one of Nigeria’s most closely watched family corporate conflicts.

The Federal High Court’s decision not only resolves a major part of the dispute but also raises broader questions about governance, transparency, and succession planning in family-owned businesses within the country’s oil and gas sector.

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Abacha Wanted Me Dead’ – Obasanjo Reveals Details Of His Secret Arrest

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Former Nigerian President Olusegun Obasanjo has disclosed how he rejected an offer of political asylum from the United States despite warnings that he could be arrested if he returned to Nigeria.....KINDLY READ THE FULL STORY HERE▶

The former leader also recounted how he left the Nigerian Army to pursue farming before his return to the country led to his arrest and imprisonment under the administration of late military Head of State, General Sani Abacha.

Obasanjo shared the experience while discussing his encounter with Abacha in an interview featured in a video published by BBC News Pidgin on Tuesday.

The 89-year-old explained that he ventured into agriculture after leaving office as Nigeria’s military Head of State in 1979.

According to him, his farming business was progressing successfully until Abacha allegedly made plans to eliminate him.

Obasanjo said he had not intended to retire from the Army at the age of 42, but had reached the highest position possible in the military, having become a four-star general and Head of State.

He said, “When I was leaving government as military head of state, there was, I was leaving too early. I didn’t join the army to retire at the age of 42.

“Now I had to retire at the age of 42. At the age of 42, I had become a four-star general. There’s nothing else I can do in the army. I’ve become the military head of state. That’s the highest political office I could rise.

“So what can I do? I decided I would go into farming. It really was going well, and it went well until I was arrested. Abacha had decided that I must be liquidated; otherwise he would not be able to have his way.”

The former President further disclosed that he was unaware of the alleged plan against him until the American ambassador to Nigeria contacted him while he was travelling.

According to Obasanjo, the ambassador informed him that the US government had offered him political asylum because it anticipated that he would be arrested if he returned to Nigeria.

However, he said he rejected the offer because he believed he had committed no offence that warranted an arrest.

He explained that upon arriving in Nigeria, his passport was seized, and he headed to his farm, only to discover that security operatives had surrounded the premises.

Obasanjo said a plain-clothes police officer later approached him, claiming that an Assistant Inspector-General of Police (AIG) wanted him to assist with an issue.

He recalled rejecting the invitation, insisting that the AIG should personally come to his farm if he needed his assistance.

The former leader said he eventually drove himself to the police station, where the AIG informed him that he had been instructed to arrest him.

Obasanjo added that he was subsequently detained, and former US President Jimmy Carter later intervened on his behalf, leading to his placement under house arrest.

However, he said security operatives returned one night while he was playing squash at about 1 a.m. and took him away to prison.

He said, “I didn’t know that it was a decision of Abacha that some of us must not be kept free; otherwise, he would feel unsafe. I was put in a place. Then President Jimmy Carter came. He pleaded, and then they put me under house arrest.

“Then they came one day; I was playing squash at about 1 am. They came and said they were taking me away. And they took me away, and from there, I went to prison.”

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‘I Was Surprised’ – Krizbeatz Opens Up On What Tiwa Savage Was Doing At Home.

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Nigerian music producer Krizbeatz has recounted an experience from a visit to the residence of popular Afrobeats singer Tiwa Savage.....KINDLY READ THE FULL STORY HERE▶

The producer shared the story while speaking about his Christian faith during an interview on the Zikoko podcast.

Krizbeatz described himself as someone who grew up in the church and has continued to maintain a connection with Christianity.

Recalling his encounter with Tiwa Savage during a music production session, he said he visited the singer’s home to work on her song titled Energy.

However, he was surprised by what he found the award-winning singer doing when he arrived at her residence.

According to him, Tiwa Savage was reading the Bible at the time.

He said, “I am the producer of Tiwa Savage’s song ‘Energy.’ The day I visited her house to produce the song, I saw her reading the Bible.”

Meanwhile, Tiwa Savage recently responded to a social media user who questioned her decision to describe herself as an African Baddie.

The controversy started after the man criticised the singer for using the description despite being in her 40s.

He wrote, “African baddie at 40… this one no serious.”

Reacting, the singer disclosed that she is 46 years old and expressed confidence in her appearance, financial status and music career.

She also dismissed the criticism while promoting her forthcoming song, African Baddie.

Tiwa wrote, “46, fine, paid, unbothered and dropping my super hottttt record ‘African Baddie’ on Friday. What exactly is the problem, boy?😂 #AfricanBaddie.”

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‘Abacha Wanted Me Dead’ – Obasanjo Reveals Details Of His Secret Arrest.

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Former Nigerian President Olusegun Obasanjo has disclosed how he rejected an offer of political asylum from the United States despite warnings that he could be arrested if he returned to Nigeria.....KINDLY READ THE FULL STORY HERE▶

The former leader also recounted how he left the Nigerian Army to pursue farming before his return to the country led to his arrest and imprisonment under the administration of late military Head of State, General Sani Abacha.

Obasanjo shared the experience while discussing his encounter with Abacha in an interview featured in a video published by BBC News Pidgin on Tuesday.

The 89-year-old explained that he ventured into agriculture after leaving office as Nigeria’s military Head of State in 1979.

According to him, his farming business was progressing successfully until Abacha allegedly made plans to eliminate him.

Obasanjo said he had not intended to retire from the Army at the age of 42, but had reached the highest position possible in the military, having become a four-star general and Head of State.

He said, “When I was leaving government as military head of state, there was, I was leaving too early. I didn’t join the army to retire at the age of 42.

“Now I had to retire at the age of 42. At the age of 42, I had become a four-star general. There’s nothing else I can do in the army. I’ve become the military head of state. That’s the highest political office I could rise.

“So what can I do? I decided I would go into farming. It really was going well, and it went well until I was arrested. Abacha had decided that I must be liquidated; otherwise he would not be able to have his way.”

The former President further disclosed that he was unaware of the alleged plan against him until the American ambassador to Nigeria contacted him while he was travelling.

According to Obasanjo, the ambassador informed him that the US government had offered him political asylum because it anticipated that he would be arrested if he returned to Nigeria.

However, he said he rejected the offer because he believed he had committed no offence that warranted an arrest.

He explained that upon arriving in Nigeria, his passport was seized, and he headed to his farm, only to discover that security operatives had surrounded the premises.

Obasanjo said a plain-clothes police officer later approached him, claiming that an Assistant Inspector-General of Police (AIG) wanted him to assist with an issue.

He recalled rejecting the invitation, insisting that the AIG should personally come to his farm if he needed his assistance.

The former leader said he eventually drove himself to the police station, where the AIG informed him that he had been instructed to arrest him.

Obasanjo added that he was subsequently detained, and former US President Jimmy Carter later intervened on his behalf, leading to his placement under house arrest.

However, he said security operatives returned one night while he was playing squash at about 1 a.m. and took him away to prison.

He said, “I didn’t know that it was a decision of Abacha that some of us must not be kept free; otherwise, he would feel unsafe. I was put in a place. Then President Jimmy Carter came. He pleaded, and then they put me under house arrest.

“Then they came one day; I was playing squash at about 1 am. They came and said they were taking me away. And they took me away, and from there, I went to prison.”

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