Mohammed Indimi
- Net worth $500 million
- Birthday August 12, 1947
- Status -
- Country Nigeria
- Source(-s) of wealth Businessman, Philanthropist
How much is Mohammed Indimi Worth? Mohammed Indimi Net Worth in 2026
Mohammed Indimi’s net worth is estimated at $500 million as of November 2026. The only part of it with a daily price is a stake in the listed lender Jaiz Bank. In January 2025 that stake was worth about $25 million. At today’s price it is worth about $70 million, nearly three times as much in under two years.
| Net worth | $500 million (our estimate, range $250 million to $800 million) |
|---|---|
| Estimated annual income | Not estimated: Oriental Energy Resources publishes no accounts |
| Born | August 12, 1947, Maiduguri, Borno State |
| Age | 79 |
| Country | Nigeria |
| Known for | Founder and chairman of Oriental Energy Resources, largest shareholder of Jaiz Bank |
| Main income sources | Oriental Energy Resources (Ebok and Okwok oil fields), Jaiz Bank shares, property |
How much is Mohammed Indimi worth in 2026?
We estimate Mohammed Indimi’s worth at about $500 million, within a spread of $250 million and $800 million. This one is a rough estimate: little of the money is documented. His oil company is private and the bank stake is the only holding we can mark to market. It accounts for about 14 percent of our total, and the oil company makes up most of the rest on our own assumption.
He is seventh on our Top 10 Richest People in Nigeria ranking. Public estimates have sat near $500 million since at least 2023, though some note that falling oil prices and the floating of the naira cut into his wealth before that. Ours lands at the same level but for different reasons: a much larger bank stake in dollars than two years ago, and an oil company we value cautiously because its new field’s start-up is unconfirmed. Naira values convert at ?1,346 to the dollar, the mid-market rate on November 10, 2026.
How we got to $500 million
| Source | Our estimate | What it rests on |
|---|---|---|
| Jaiz Bank shares | $70 million | A January 2026 report gives his holding as 13,093,099,656 shares, 29.36 percent of the bank. At the ?7.25 close on November 9, 2026 that is ?94.9 billion. |
| Oriental Energy Resources | $350 million | The company he founded in 1990 operates the Ebok field and holds 88 percent of the licence for the Okwok field, per a November 2025 trade report. No revenue, reserves or debt figure is public, so the value is our assumption. |
| Property, cash and other holdings | $80 million | Six decades of trading and oil income, less the estates and scholarships he has funded. No figures are public. Our assumption. |
| Total | $500 million | Rounded from $500.5 million. Only the Jaiz row uses a market price. |
The bank stake that nearly tripled
The same report valued his Jaiz shares at $25.4 million at the start of 2025 and $41.3 million at the end, after a 51.7 percent rise in the share price over the year. It has since climbed to ?7.25. By our calculation, his stake is now worth 2.8 times its January 2025 dollar value, a gain of about $45 million without a single share changing hands.
That gain is still small next to the oil company, which is the reason the range on this page is wide. If Oriental Energy is worth twice our figure, he is closer to $850 million. If its new field disappoints, $250 million is plausible.
A 1990 licence and a 2026 deadline
Indimi started in business in 1963 with a small loan from a friend, trading hides and skins and later imported clothes. He received an oil prospecting licence in 1990 and set up Oriental Energy Resources the same year.
The company’s biggest project in years is Okwok, a 37 square kilometre offshore field. In November 2025 the floating production vessel EMEM left Drydocks World Dubai to be hooked up to a wellhead platform and five production wells, with first oil expected in the first quarter of 2026. At the ceremony Indimi called it a major step toward full operational independence, following the company’s 2022 decision to develop the field on its own. We could not confirm from a page we opened that oil has started flowing, which is why the oil row stays conservative.
Estates for displaced families
Through the Muhammad Indimi Foundation he built a 100-unit estate worth ?600 million for people displaced in Borno State and another 100-unit estate worth ?700 million in Akwa Ibom, both reported in 2017. Together that is ?1.3 billion, about $966,000 at today’s rate. He also funded more than 470 scholarships in Akwa Ibom and a business centre at Lynn University in Florida, dedicated in October 2014.
What would move the figure
Confirmed production from Okwok is the big one: the vessel is rated for up to 70,000 barrels a day of total liquids (one report puts its oil capacity at 40,000 barrels a day), and his company holds 88 percent of the licence. A sale of part of Oriental Energy or published accounts would replace our assumption. Each ?1 move in Jaiz Bank’s share price changes our total by about $9.7 million.
Mohammed Indimi net worth FAQ
What is Mohammed Indimi’s net worth?
We estimate $500 million as of November 2026, in a range of $250 million to $800 million. About $70 million of it is his Jaiz Bank stake and $350 million is our value for Oriental Energy Resources.
How much of Jaiz Bank does Mohammed Indimi own?
13,093,099,656 shares, or 29.36 percent, making him the largest shareholder. They are worth about ?94.9 billion at the November 9, 2026 close.
What is Oriental Energy Resources?
A private Nigerian oil company Indimi founded in 1990. It operates the offshore Ebok field and holds 88 percent of the licence for the Okwok field, where first oil was targeted for early 2026.
How much has Mohammed Indimi given away?
His foundation built two 100-unit housing estates reported at ?600 million and ?700 million in 2017, and funded more than 470 scholarships in Akwa Ibom.
How old is Mohammed Indimi?
He is 79, born August 12, 1947, in Maiduguri, Borno State. He started his first business in 1963.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.
Photo: https://nairametrics.com/2021/07/17/meet-mohammed-indimi-nig / Wikimedia Commons, CC BY-SA 4.0, cropped