Mohammed Indimi

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.

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.

Mohammed Indimi OFR (born 12 August 1947) is a Nigerian businessman and philanthropist. He is the founder and chairman of Oriental Energy Resources (OER), a privately held Nigerian oil exploration and production company. As of June 2021, his net worth was estimated at US$1.5 billion.

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. 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