Your message is too short
Your message is spammy
» »

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

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.”

Related Article

Posted By cheatmaster On 06:00 Sat, 28 May 2016

Comments:0 || Views:



Please LOGIN or REGISTER To Gain Full Access To This Article