I Donated $900,000 Not $14 Million To US University - Muhammadu Indimi

By 07:00 Sat, 28 May 2016 Comments

The chairman of Oriental Energy Resources, Alhaji

Muhammadu Indimi, has denied media reports

that he donated US$14 million to Lynn University

in the United States. Rather, the amount he

donated, according to him, was $900,000.

In a statement sent to THISDAY editorial Board

Chairman, Mr Olusegun Adeniyi, to protest the

piece, “The Prodigal Billionaire”, published in his

column of 25th May, 2016, an official of Oriental

stated that neither Indimi nor the company

donated the figure being credited to him and for

which he was being vilified.

The company also listed Universities of Uyo, Port

Harcourt, Calabar and Nsukka among institutions

of higher learning in Nigeria to which Indimi and

his company had extended considerable financial

support running into billions of Naira in recent


Below is the full text of the statement from

Oriental, endorsed by its chairman, Indimi:

“Following recent online, and media coverage of a

donation made by our Chairman, Dr Alhaji

Muhammadu Indimi, we find it necessary to

provide clarity on the nature of the relationship

with Lynn University, and Oriental’s operations in

and commitment to the Niger Delta.

“Contrary to reports circulating, neither Oriental,

nor our Chairman, donated US$14 million to Lynn

University. This figure is unsubstantiated,

inaccurate and misleading. The figure jointly

donated by Oriental and former partner, Afren

Plc, to Lynn University, a University from which

Dr. Indimi and nine of his children have received

nine Bachelors, five Masters, and one Doctorate

degree, is $900,000.

“Oriental Energy is a proud indigenous oil

company with a steadfast commitment to

investing positively and purposefully in the

communities where we have operations and

beyond. Oriental is particularly committed to

fostering and supporting the development of

education and indigenous technical skills, as a

fundamental pillar for long term sustainable

development. We understand that without

adequate investment in the education of the

youth, there will be no sustainable economic


“This is why the organisation has, over a four-year

period, contributed billions of Naira to the

communities where we operate in Nigeria. These

donations include scholarships to beneficiaries

from the Universities of Uyo, Port Harcourt,

Calabar and Nsukka, amongst others, the

development of University Of Port Harcourt’s

digital library, the re-habilitation of the University

of Uyo’s Petroleum Institute, infrastructure

development in our host communities” as well as

donations towards support for Internally

Displaced People in the North East of Nigeria, and

victims of terrorism.

“Oriental Energy Resources will continue to

protect its reputation and reiterate its

commitment to the Nigerian community

particularly in instances like this where journalistic

due diligence would have disproved the

unsubstantiated rumors.”




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