Federal High Court Rules in Favor of Twins Ameena, Zara Indimi, Awarding $43.5M in Dividend Dispute Against Father Indimi
A Federal High Court has ruled in favor of twin sisters Ameena Indimi and Zara Indimi, awarding them $43.5 million in a high-profile dividend dispute, escalating tensions within the Indimi Group empire.
ALSO READ: Rema Turns Heads at Milan Fashion Week, Walking Diesel’s AW26 Runway
The ruling has prompted oil tycoon Muhammadu Indimi to take urgent legal measures aimed at safeguarding his company’s bank accounts, as the court’s decision could impact control over corporate assets.
Details of the case reveal a longstanding disagreement over dividend distributions, which had remained unresolved despite prior negotiations. Legal analysts suggest the outcome sets a significant precedent for corporate governance and family business disputes in Nigeria.
The Indimi family, prominent in the country’s oil and business sectors, is now facing increased scrutiny as the enforcement of the judgment unfolds. Further legal maneuvers are expected as parties navigate the implications of the court’s decision.
Federal High Court Rules in Favor of Twins Ameena, Zara Indimi, Awarding $43.5M in Dividend Dispute Against Father Indimi