Mohammed Indimi

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Mohammed Indimi
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Indimi.jpg
Born
Mohammed Indimi

(1947-08-12) 12 August 1947 (age 77)
Maiduguri, Borno State, Nigeria
Occupation(s)Businessman, philanthropist
Years active1963-present

Mohammed Indimi OFR (born 12 August 1947) is a Nigerian businessman and philanthropist. He is the founder and chairman of Oriental Energy Resources (OER), [1] a privately held Nigerian oil exploration and production company. [2] [3] As of October 2023, his net worth was estimated at US$500 Million by Forbes . [4] His net worth plummeted due to crashing oil prices as well as the floating of the Naira.

Contents

Early life and background

Indimi was born 12 August 1947, in Maiduguri the capital of Borno State, north-east Nigeria. His father, late Alhaji Mamman Kurundu was also a Hausa businessman who traded in hides and skins. [5] 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 English. [6]

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. [5]

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. [7]

Philanthropy

Indimi established Muhammad Indimi Foundation (MIF), which focuses on vulnerable families through the poverty alleviation, fight against hunger, illiteracy and health challenges. [8] He has sponsored native of Borno state to study at the International University of Africa (IUA) on scholarship in Sudan. [9] Through the MIF, Indimi has empowered and supported people affected by the Boko Haram crisis in the North East. He built a 100-unit N600 million housing estate, provided food, clothing, schools and clinics for the Internally Displaced Persons (IDPs) by the Boko Haram insurgency in Borno State. [10] Muhammad Indimi foundation, has built a 100 unit N700 million modern residential estate in Enwang, Mbo LGA Akwa Ibom. [11] He awarded over 470 scholarships in Akwa Ibom State and created a sponsorship program for University of Uyo's Department of Petroleum and Chemical Engineering. Indimi donated a multi-million-dollar International Business Centre to Lynn University in the United States, which was named after him. [12]

Recognition

Personal life

Indimi is married to Fatima Mustapha Haruna. He has 20 children including Jibrila, Yakolo, Ibrahim, Ahmed, Ameena, Mustapha, Rukaiya, Hauwa, Amina, Zara, Mairama, Amouna, Meram, Habibi, Tijjani, Aya, Abdulrahman, Abdullah, Fatima and Adama. [17]

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References

  1. ↑ "Billionaire Indimi bags KASU's Doctorate Degree Causa in Entrepreneurship". Vanguard News. 20 December 2021. Retrieved 7 March 2022.
  2. ↑ "Business in Emerging Africa: Indimi shares lessons at Harvard". Vanguard News. 6 May 2018. Retrieved 27 September 2020.
  3. ↑ "Mohammed Indimi". Forbes. Retrieved 27 September 2020.
  4. ↑ "Forbes profile: Mohammed Indimi". Forbes. Retrieved 6 October 2023.
  5. 1 2 Abubakar, Uthman (8 September 2019). "Reminiscences with Muhammad Indimi". Daily Trust. Retrieved 28 September 2020.
  6. ↑ "Mohammed Indimi Says He Never Went To School". Nigerian Monitor. 23 October 2017. Retrieved 27 September 2020.
  7. ↑ Anaeto, Emeka (14 April 2018). "Dr Indimi: Businessman with tenacity and perseverance". Vanguard News. Retrieved 28 September 2020.
  8. ↑ "Rebuilding North-east Nigeria: Along came a Foundation | Premium Times Nigeria". Premium Times News. 24 August 2017. Retrieved 27 September 2020.
  9. ↑ Lagos, Mohammed Shosanya (15 September 2016). "Indimi Foundation gives scholarships to Borno students". Daily Trust. Retrieved 27 September 2020.
  10. ↑ "Muhammadu Indimi Foundation builds N600m housing estate for IDPs". Vanguard News. 13 October 2017. Retrieved 28 September 2020.
  11. ↑ Udoma, Dennis; Onuegbu, Chioma (3 August 2017). "Oriental Energy builds N700m housing estate for host communities in A-Ibom". Vanguard News. Retrieved 28 September 2020.
  12. ↑ "Lynn dedicates Mohammed Indimi International Business Center". Lynn University. 16 October 2014. Retrieved 28 September 2020.
  13. ↑ "2012 National Honours Award List". Daily Trust. 10 September 2012. Retrieved 27 September 2020.
  14. ↑ "University of Uyo Honours Oil Magnate, Indimi". THISDAYLIVE. 14 November 2017. Retrieved 27 September 2020.
  15. ↑ Anaeto, Emeka (1 January 2018). "Dr Indimi: Businessman with knack for social investments". Vanguard News. Retrieved 27 September 2020.
  16. ↑ "NDA hails Indimi for contributions to nation's economy". Vanguard News. 4 October 2018. Retrieved 27 September 2020.
  17. ↑ Daniel, Dorcas (23 November 2016). "Things you don't know about Zahra Buhari's billionaire husband-to-be, Ahmed Ndimi". Daily Trust. Retrieved 27 September 2020.
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