Borno-Born Billonaire Oil Magnate, Indimi Donates N4.2 billion To American University

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Mohammed Indimi was honoured with a honorary doctorate degree by the university.

According to a report by online medium, theheraldng.com, Borno-born oil tycoon, Mohammed Indimi has made a donation of a whopping N4.2 billion to an American University – Lynn University.

Indimi, recently named the 39th richest man in Africa by Forbes, is a self-made billionaire whose major source of wealth is oil.

The billionaire has a long and rosy relationship with Lynn University, having sent 6 of his 8 children there, it was learnt.

The reports says Indimi is the lead donor of the university’s newest faculty, the $14m Mohammed Indimi International Business Center.

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Indimi and two of his daughters during their graduation ceremony from Lynn University.
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The university a private, coeducational institution located in Boca Raton, Florida, was founded in 1962, it was learnt.

According to the report: “The centre was dedicated in 2014 and is a state of the art facility, outfitted with technology systems to enhance the students’ educational environment , with 11 classrooms and a wealth of other areas such as a Centre for Entrepreneurship and Innovation (CEI), a Venture Lab, an Investment and Trading room and a new Career Preparation and Internship Centre.

“15 other new spaces also provide conference and meeting areas for collaborations between students, faculties and corporations.”

Mohammed Indimi reportedly received an honorary degree of Doctor of Humane Letters from the university on May 12, 2012 during which a gala was held in his honour.

Born in August 1947, Mohammed Indimi is the founder of Oriental Energy which he founded in 1990 and still remains the chairman.

He is an in-law of former Nigerian president and retired Nigerian Army general Ibrahim Babangida.

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.

His children are famous on social media for their wealthy and flamboyant lifestyles. One of his daughters, Adama Indimi once dated popular singer D’banj.

A son, Ahmed, broke the internet when he posted his ATM balance of $100 million on social media.

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Credit: www.theheraldng.com

 

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6 COMMENTS

  1. If Muhammed Indimi could donate such huge amount to a foriegn university,while his children lavishes national wealth:how much has He donated to His community,i.e,internally displaced persons(idps)in borno state? Is this not the most cruel form of domination/slavery whereby someone from Borno state that has no oil…aquires billions of dollars from a region called niger delta were its citizens are experiencing poverty,humiliations by federal militry troops?
    And nigerian youths fold hands,looking like zonbee!

  2. What a shame. Nd people living in d rural areas have no access to good healthcare, power, education etc. Yet a Nigerian who is drilling oil from d area daily did not see any of the needs above to attend to. Pls avengers carry on d good work.

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