Mohammed Indimi Net Worth 2024

Mohammed Indimi Net Worth 2024. Mohammed Indimi OFR is a Nigerian billionaire businessman and philanthropist. He is the founder and chairman of Oriental Energy Resources (OER), a privately-held Nigerian oil exploration and production company Mohammed Indimi Net Worth Mohammed Indimi Net Worth $650 million Date of birth 12 August 1947 Occupation businessman Nationality Nigerian Mohammed Indimi Net Worth […]

Mohammed Indimi Net Worth

Mohammed Indimi Net Worth	$650 million
Date of birth	12 August 1947
Occupation	businessman
Nationality	Nigerian

Mohammed Indimi Net Worth

According to Forbes, Mohammed Indimi net worth 2024 is 650 million. is the chairman and leading shareholder of Oriental Energy Resources, a privately held Nigerian oil exploration and production company he founded in 1990. Oriental currently has three projects offshore of Nigeria’s Niger Delta region. Six of his children serve on the company’s board. His net worth dropped from an estimated $670 million a year ago due to ongoing low oil prices. He is one of the richest men in Nigeria

Early life and background

Indimi was born August 12, 1947 in Maiduguri the capital of Borno State, north-east Nigeria. His father, late Alhaji Mamman Kurundu was also a businessman who traded in hides and skins.

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Indimi attended traditional Qur’anic school as it is the general practice of Muslim communities in the Northern Nigeria. He could not attend formal school because his father could not afford to sponsor his formal western education but still managed to learn how to speak, read and write in

Career

At the age of 10, Indimi followed his father to local markets around Borno to trade animal hides and skins. In 1963, he became independent and started his own business after he collected 100 pounds loan from his friend Alhaji Umar Tela which he used as a start-up. Eventually, he decided to expand into selling clothes which were imported from Chad and Cameroon

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In 1990, Indimi got oil prospecting license granted by the Ibrahim Badamasi Babangida regime. He established an oil and gas firm named Oriental Energy Resources (OER). Indimi served as chairman and board member of several companies including Jaiz Bank

Recognition

Indimi was awarded with Nigerian National Honours, Officer of the Federal Republic of Nigeria (OFR) in 2012.
He received an honorary doctorate from Lynn University, Florida in 2013
He received an honorary doctorate from University of Uyo in 2017
He won the Vanguard (Nigeria) Businessman of the Year in 2017
He received an honorary doctorate from Nigeria Defense Academy in 2018