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The Economic Times
The Economic Times
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Their shares fell from 5% to 0.63%. Now twin daughters are fighting with billionaire dad for $43.5 million

Nigeria Court of Appeal Oil

A Nigerian oil billionaire wants a piece of the courtroom action his own daughters started. Muhammadu Indimi, founder of Oriental Energy Resources, has asked to personally join an appeal over a $43.51 million judgment his company was ordered to pay to his twin daughters, Ameena and Zara Indimi, in a fight over unpaid dividends, according to ThisDay.

It sounds like something out of a soap opera, but the case has turned into one of the most closely watched business disputes in Nigeria. Lawyers and corporate governance experts say it could set the rules for how family-run companies across Africa handle ownership fights when they stay behind closed doors instead of settling in public.

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