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I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire - Business - Nairaland

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I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by osinbanjoisaliar: 5:33am On May 28, 2016
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 years. 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 growth. “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.”
www.thisdaylive.com/index.php/2016/05/28/indimi-i-donated-900000-not-14-million/
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Flexherbal(m): 5:35am On May 28, 2016
Charity is supposed to begin at home.

57 Likes 2 Shares

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by mrvitalis(m): 5:45am On May 28, 2016
Please it his money, let him spend it the way he feels
Do any one tell shell or mobile or total bosses how to spend there money??
If Niger Deltans are looking for who to blame the should ask there governors, past NDDC chairmen what they did with there money
I don't even blame them, I blame our past leaders, if our taxing system us working well it will give us 5x what oil is giving us now
We have over a million commercial buses in Nigeria and each pay an average of #500 per day, were is all this money going? ?
Market women pay alot of duty every day, were are this money going? ?
We need to block the leakages in our taxing system, implement luxury tax and religious centers must be taxed at least 40%
How can u have a GDP of $500bn and can't tax out $70bn?? something is wrong


Before u kill me, am from imo state

My thoughts tho

45 Likes 7 Shares

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by chumakk: 5:45am On May 28, 2016
You donated 900k to USA university but you were not able to say how much you have donated to so called Nigerian universities?

67 Likes 3 Shares

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Splashme: 5:47am On May 28, 2016
I hear . . . . Naija, I hail oo
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by iambijo(m): 5:53am On May 28, 2016
Ok
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by osinbanjoisaliar: 5:58am On May 28, 2016
mrvitalis:



Before u kill me, am from imo state

My thoughts tho
That's the problem. You come from the same state as the megalomaniac sellout Eedris Rochas Okorocha Mohammed.

39 Likes 2 Shares

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Bluette(f): 6:12am On May 28, 2016
He shld use d word "invested" not "donated." rolling my eyes.. Iffa hear dona.... Kini. He knows d uni might Invite him and honor him with an award. Who doesn't want an American University honorary award. SMH for some pple.
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by bewla(m): 6:15am On May 28, 2016
I told you guys the truth will come but not yet

2 Likes 1 Share

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by oduastates: 6:25am On May 28, 2016
What difference does it make?
In your own country, over 70% of the people are destitutes or have been rendered destitute.
You can excuse donations to stuffs like cancer research or like Mo ibrahim's anti corruption initiative.
But this one?
Oti O.
Now, I want anybody to go and research the
Primary,secondary or university school attended by most of the wealthy Nigerians.
I want you to go to their hometown.
I want you to visit the streets they have their primary residences.
Your guess is as good as mine. Decayed schools, open sewers,rundown unpaved Streets are what you will see.

36 Likes 3 Shares

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by kodded(m): 6:33am On May 28, 2016






undecided undecided












imagine a man from far away north east is making billions of naira from oil in niger delta, but the people that have the oil are living in abject poverty angry
undecided undecided



cc deapreye

32 Likes 1 Share

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by rose54321: 6:59am On May 28, 2016
That's still alot of money by any standard.
But this man sef, how can you give such amount to a developed country's university while a developing country like yours has underfunded institutions with no basic amenities.

People's priorities mehn.
Why wouldn't the militants be bombing, when their oil blocks were sold to people like this who are not investing in their community.

7 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by ihatebuhari(f): 7:00am On May 28, 2016
Useless man

10 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by englishmart(m): 7:00am On May 28, 2016
the most important thing be say you donated over #180,000,000.

9 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by banme1(m): 7:00am On May 28, 2016
mrvitalis:
Please it his money, let him spend it the way he feels
Do any one tell shell or mobile or total bosses how to spend there money??
If Niger Deltans are looking for who to blame the should ask there governors, past NDDC chairmen what they did with there money
I don't even blame them, I blame our past leaders, if our taxing system us working well it will give us 5x what oil is giving us now
We have over a million commercial buses in Nigeria and each pay an average of #500 per day, were is all this money going? ?
Market women pay alot of duty every day, were are this money going? ?
We need to block the leakages in our taxing system, implement luxury tax and religious centers must be taxed at least 40%
How can u have a GDP of $500bn and can't tax out $70bn?? something is wrong


Before u kill me, am from imo state

My thoughts tho
why bring ND into this. You are even from that usless imo state. Agbaya.

13 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by codemaniacs: 7:01am On May 28, 2016
Thanks to Aguiyi Ironsi.

3 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by OLUJOSHINS(m): 7:01am On May 28, 2016
grin The fear of EFCC is the beginning of Knowledge
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Adesiji77: 7:02am On May 28, 2016
Flexherbal:
Charity is supposed to begin at home.

Yes now...with the scarcity of forex cheesy

BTW "Lynn University, a University from which Dr. Indimi and nine of his children have received nine Bachelors, five Masters, and one Doctorate degree" shocked
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Millz404(m): 7:02am On May 28, 2016
You are still a mumu

1 Like 2 Shares

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by talktrue1(m): 7:02am On May 28, 2016
mrvitalis:
Please it his money, let him spend it the way he feels
Do any one tell shell or mobile or total bosses how to spend there money??
If Niger Deltans are looking for who to blame the should ask there governors, past NDDC chairmen what they did with there money
I don't even blame them, I blame our past leaders, if our taxing system us working well it will give us 5x what oil is giving us now
We have over a million commercial buses in Nigeria and each pay an average of #500 per day, were is all this money going? ?
Market women pay alot of duty every day, were are this money going? ?
We need to block the leakages in our taxing system, implement luxury tax and religious centers must be taxed at least 40%
How can u have a GDP of $500bn and can't tax out $70bn?? something is wrong


Before u kill me, am from imo state

My thoughts tho

We are already paying high in different services and without accountability. Power

1 Like

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by lovat(m): 7:03am On May 28, 2016
mrvitalis:
Please it his money, let him spend it the way he feels
Do any one tell shell or mobile or total bosses how to spend there money??
If Niger Deltans are looking for who to blame the should ask there governors, past NDDC chairmen what they did with there money
I don't even blame them, I blame our past leaders, if our taxing system us working well it will give us 5x what oil is giving us now
We have over a million commercial buses in Nigeria and each pay an average of #500 per day, were is all this money going? ?
Market women pay alot of duty every day, were are this money going? ?
We need to block the leakages in our taxing system, implement luxury tax and religious centers must be taxed at least 40%
How can u have a GDP of $500bn and can't tax out $70bn?? something is wrong


Before u kill me, am from imo state

My thoughts tho
Nwanne Okorocha. Ndi isi mgba...a

10 Likes 1 Share

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by codemaniacs: 7:03am On May 28, 2016
oduastates:
What difference does it make?
In your own country, over 70% of the people are destitutes or have been rendered destitute.
You can excuse donations to stuffs like cancer research or like Mo ibrahim's anti corruption initiative.
But things one?
Oti O.
Now, I want anybody to go and research the
Primary,secondary or university school attended by most of the wealthy Nigerians.
I want you to go to their hometown.
I want you to visit the street in which they have their primary residences.
Your guess is as good as mine. Decayed schools, open sewers,rundown unpaved Streets are what you will see.


Go to ibadan the area with brown roof houses has very smooth roads..
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Pavore9: 7:04am On May 28, 2016
While schools in his home state are in dire need of such philanthropy!......It is his money.
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by mn09abk: 7:04am On May 28, 2016
U ppl should leave my father in law alone!!!

1 Like

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Titto93(m): 7:07am On May 28, 2016
Continue lying

1 Like 1 Share

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by linohlex: 7:07am On May 28, 2016
chumakk:
You donated 900k to USA university but you were not able to say how much you have donated to so called Nigerian universities?
Bro Na Em Money, Let Him Do With It What Ever He Wants. Pls Free The Young Man.
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by gebest: 7:09am On May 28, 2016
So bros Mohammadu Idimi how mush have u donated to the IDP's?

1 Like

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by jazinogold(m): 7:09am On May 28, 2016
DAT Money go boost Nigeria's Economy if well invested!
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by Ayoswit(f): 7:10am On May 28, 2016
K
Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by dejavubobo1(m): 7:11am On May 28, 2016
the money seem to be more of bribery than donation... since all his family & himself are product of the school.
He only wants preferential treatment & good grades for his kids who still study there.

Bcoz oyinbo sef dey Corrupt

4 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by DeCleff(m): 7:11am On May 28, 2016
Imagine if he had invested that money to upgrading of facilities in our universities.

This is the reason America will remain America and Nigeria remain Nigeria.

I am sure Nigeria and Nigerians made him wealthy but he appreciated America instead of Nigeria


Cow sense

6 Likes

Re: I Donated $900,000, Not $14 Million To US University: Borno Oil Billionaire by maxzzo1(m): 7:13am On May 28, 2016

4 Likes 1 Share

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