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The 10 Richest Politicians in Nigeria

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The 10 Richest Politicians in Nigeria The 10 richest politicians in Nigeria 1. Chief Bola Ahmed Tinubu – Net worth: $8.4 billion (₦3 trillion 46 billion) Bola Ahmed Tinubu – Lagos State Governor from May 1999 – May 2007 is the official richest politician in Nigeria. Apart from being the National Leader of the All Progressives Congress party, Bola Tinubu is also allegedly the owner of Oando PLC, the largest oil-producing company in Nigeria with a revenue of about ₦449 million. The former Lagos State Governor takes hold of a fleet of high- end vehicles The Jagaban of Lagos is married to Oluremi Tinubu, a senator representing Lagos Central Senatorial District. One of his children – Seyi Tinubu, was appointed as the emergency financial consultant to all parastatals and local governments in Lagos State. Bola Tinubu also reveals his ambition of becoming Nigeria’s President in 2023. The largest scandals of Tinubu include the lawsuit where Tinubu’s consultant company Alpha Beta is accused of N100bn money laundering, tax evasion and fraud by its Managing Director/Chief Executive Officer (Sep 2018). Just at the beginning of 2020, Bola Tinubu was charged for involving in a white heroin trafficking network operated in the US between 1988 and 1993. Bola Tinubu’s landed properties scattered across Nigeria are worth over ₦120 billion including the mansion worth ₦5 billion at Bourdillon drive, Ikoyi, Lagos. He owns a G-Wagon worth ₦600 million, 2 other Mercedes Benzes, a Range Rover, a Lexus LX 550 and other luxurious vehicles which are undisclosed. Let’s not forget his Bombardier Global Express XRS worth $60 million, it’s probably not his only jet. One of Tinubu’s mansions in Lagos A private jet is considered a basic item to a politician of his caliber 2. Ibrahim Badamasi Babangida GCFR – Net worth: $5 billion Ibrahim Badamasi Babangida (IBB) – born 17th August 1941 in Niger State, is a businessman and politician that served as Nigeria’s military president from August 1985 to August 1993. The rich man is mostly famous for the annulment of the June 12, 1993, general election, during which MKO Abiola was the supposed winner. Ibrahim Badamasi Babangida even has a private jet worth ₦594.7 million Ibrahim Babangida is allegedly appropriated a lot of money during his tenure as Major General, which he publicly denied. He also owns 65% of the London-based Fruitex International Limited in London, 24% of Nigeria’s second-largest telecom company, Globacom. Ibraham Babangida’s net worth now is ₦1 trillion 813 billion ($5 billion), making him the 2nd richest politician in Nigeria. He has in his garage a BMW 760LI (₦35.2 million), 2015 Mercedes-Benz S Class (₦33.7 million), Toyota Land Cruiser (₦30.6 million), among other luxury cars. He also flies a Learjet 45 worth ₦594.7 million. 3. Ifeanyi Ubah – Net worth: $1.7 billion Ifeanyi Ubah was born on 3rd September 1971. His wealthy status didn’t kick off with politics, he’s a hardcore businessman who already built a fortune for himself before choosing to serve Nigeria. Ifeanyi Ubah cars include models from the most valuable brands Growing up in the suburb of Abuja as the first of seven kids, he had to drop out of school to become a trader, but luck shone on him at 19, when he hit his first million. In 2014, he contested for the governorship of his state and lost. However, in 2019, he contested for a seat in the Nigerian Senate to represent Anambra South Senatorial District, which he won. Apart from owning a football club called Ifeanyi Ubah FC, Ifeanyi Ubah is also the chairman, board of directors of a few notable companies in Nigeria. With the net worth of $1.7 billion, Ifeanyi Ubahand is one of the 10 richest men in Nnewi and Nigeria. Ifeanyi Ubah is a real car collector who owns an extremely expensive Roll-Royce, a Land Rover, a Cadillac Escalade, a Toyota Land Cruiser and a Toyota Highlander. Ifeanyi Ubah also flies an Embraer Legacy 600 private jet, worth $31 million. Ifeanyi Ubah’s mansion and a fleet of SUVs The Rolls-Royce is worth ₦90 million naira 4. Olusegun Obasanjo GCFR – Net worth: $1.6 billion (₦580 billion 192 million) Olusegun Obasanjo or OBJ is a proud indigene of Ogun State, born on 5th March 1938. The former Nigerian Army General also served twice as Nigeria’s Head of State: first as a military ruler from 1976 to 1979, and as a civilian president from 1999 to 2007. Besides cars, he nurtures his love for planes as well Obasanjo got married four times. He married Esther Oluremi first, then Lynda, who was severely shot by armed men. His third wife was Mojisola who’s also late. His famous fourth wife – Stella Obasanjo served as Nigeria’s First Lady for a while and passed away while undergoing an Abdominoplasty surgery in 2005. He’s currently married to Mrs. Bola Obasanjo. Obasanjo has twenty children. OBJ reportedly owns Otta Farms, one of the largest chicken poultries in West Africa. Although not of general knowledge, he is also involved in over 6.5% of the total major oil production, marketing, and distribution in Nigeria. He has in his garage a Mercedes-Benz S63 Sedan, a Lexus 570, a Toyota Land Cruiser and a Toyota Highlander 2017. He also owns a Bombardier Challenger 300 jet and a Helicopter, both worth about $42 million. 5. Rochas Okorocha – Net worth: $1.4 billion (₦507 billion 668 million) Rochas Okorocha served as the governor of Imo State, South- Eastern part of Nigeria for two terms. Just like Ifeanyi Ubah, he was also thriving in business before he joined politics. He is the founder of Rochas Foundation, a non-profit fund that builds colleges for poor children. The collection of 8 cars is not enough. He was alleged to own 3 privates as well In June 2019, Okorocha and his family were accused of taking away valuable assets of Imo state including 67 government vehicles, which Okorocha described as “diversionary.” Rochas Okorocha was listed as one of the richest politicians in Nigeria for the year 2018 with a net worth of$1.4 billion. He owns an impressive garage that houses a Rolls-Royce Phantom, a Mercedes-Benz S600, a Mercedes-Benz Klassen V220, Mercedez Benz AMG63, a Lexus LX 570 among other luxury cars. A few years ago, he was said to own three private jets by another governorship aspirant but according to Rochas, he owns just two, which he purchased before becoming a governor. One of his private jets, LearJet 45, is worth N700 million. The ₦162 million Rolls-Royce is built for Royals The Learjet 45 seems to be the cheaper one, the second jet is worth $45 Million 6. Atiku Abubakar GCON – Net worth: $1.4 billion (₦507 billion 668 million) Atiku served as the Vice President of Nigeria from 1999 to 2007, with Olusegun Obasanjo as president. He was also a comptroller general of the Nigerian Customs for 20 years and made a fortune from his position. He definitely has more than one private jet While working for Nigerian Customs, he founded logistic company Nigeria Container Service (INTELS). The company has accused of laundering over $100 million into the United States between 2000 and 2008. Besides INTELS, Atiku Abubakar owns a variety of businesses in Nigeria ranging from beverage, media to education, and others. Atiku hails from Adamawa State and was born on 25th November 1946. He has four wives and 28 children. The former vice-president is among very few persons in Nigeria who owns private jets With a net worth estimated at $1.4 million, Atiku Abubakar possesses many valuable assets. He owns an Embraer Phenom 100 private jet worth $4.1 million and a $2.95 million mansion near Potomac, Maryland, USA. Among many luxury cars he rides are a Range Rover, a Mercedes S550, a Lexus 570, a Toyota Land Cruiser and many more. 7. Orji Uzor Kalu – Net worth: $1.1 billion (₦398 billion 882 million) The former governor of Abia State was born on April 21, 1960, and is one of the richest politicians in Nigeria. Before his election, he was the chairman of Cooperative and Commerce Bank Limited. He was also a member of the Peoples Democratic Party (PDP), Progressive Peoples Alliance (PPA) and the chairman of the PPA Board of Trustees. Orji Uzor Kalu made his name in arms and ammunition industry Just like a few others on this list, Uzor Kalu runs a number of businesses. He’s the current chairman of SLOK Holding and two influential newspapers – the New Telegraph and the Daily Sun. He holds stakes in Enyimba FC of Aba, a very successful club in CAF competition. The club was the first Nigerian club to win the top honor of the flagship club competition on the African. Although not specified, Uzor Kalu owns several mansions across high-ranking locations in Nigeria. A notable one is called Camp Neya, located in his hometown, in Abia State. He also owns a home in Maryland, USA. Camp Neya is probably one of the biggest mansions in Abia State. In 2014, Uzor Kalu acquired what is believed to be his 5th private jet, the Gulfstream G650 model, is worth a whopping ₦11.5 billion. Another news about his 7th jet was published in 2018, codenamed N7-OUK. Orji Uzo Kalu’s garage is filled with exotic cars including a Bentley, a Range Rover, Mercedes Benz S550 and a Mercedes Benz C Class among others. 8. Ahmadu Adamu Mu’Azu – Net worth: $895 million (₦324 billion 545 million) Ahmadu Adamu Mu’Azuused to be the governor of Bauchi State as well as the former chairman of the Peoples Democratic Party (PDP).
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