Who are Nigeria’s richest politicians? Nigerian politicians are the wealthiest in the world because they are the highest-paid public servants and have access to the nation’s wealth. Every political lover in Nigeria sees politics as the best method to cash out and gain fortune.
In this article, I will discuss some wealthy people, their various streams of income, and the paths that led them to their current positions of wealth.
10. Rotimi Amaechi
Net Worth: $780 million
Between the years 2007 and 2015, he served as the governor of Rivers State. Currently, he is the Minister of Transportation for the country of Nigeria. Date of birth: May 27th, 1965 At the beginning of 2019, Rotimi Amaechi was serving as the director general of the reelection campaign for President Muhammadu Buhari. A Mercedes-Maybach Vision 6, a Mercedes AMG G63, a Mercedes S550, a Land Rover Discovery, and a Lexus LX 570 are some of the high-end automobiles that are part of Rotimi Amaechi’s impressive collection of luxury automobiles.
In spite of his claim that he does not possess a private aircraft, there is a significant chance that he does own a Brazilian Embraer Legacy worth N9 billion. His statement to the contrary was made.
9. Dino Melaye
Networth: $800 Million
Dino Melaye is a Nigerian politician who served as a senator and a member of the 8th Nigerian National Assembly. During his time in both of those capacities, he was the representative for the Kogi West Senatorial district.
Between the years 2007 and 2015, Melaye was a member of the Senate. His hometown is located in the Ayetoro Gbede community, which is located in the Ijumu Local Government Area of Kogi State.
The seasoned politician is well-known for his collection of expensive automobiles, which includes a Bugatti Veyron with an estimated value of $616 million, three Rolls-Royces with an estimated value of $318 million each, Lamborghini Huracans with an estimated value of $86.7 million each, Bentley Continentals with an estimated value of $71 million each, and a great deal of other exotic and luxury vehicles.
Due to the fact that it is anticipated that Dino Melaye will have a net worth of 800 million dollars by the year 2022, he is regarded as being one of the wealthiest politicians in Nigeria.
8. Ahmadu Adamu Mu’azu
Net Worth: $895 million dollar
Ahmadu Adamu Mu’Azu, a former governor of Bauchi State and the current head of the PDP (PDP). Property management was one of his responsibilities at the Bauchi State Investment and Property Development Company, where he worked. With a personal fortune estimated at $324 billion 545 million, he is consistently ranked among the top 10 wealthiest politicians in Nigeria.
The Economic and Financial Crimes Commission (EFCC) conducted a search warrant at a home in Ikoyi in April 2019 as part of the anti-corruption effort being led by President Muhammadu Buhari. During the search, the EFCC discovered more than $50 million in cash hidden behind false walls in fire-resistant cabinets. The company that was responsible for building the home claimed that Ahmadu Adamu Mu’Azu was the owner, but the wealthy residents of the North refuted this assertion.
In his garage, Mu’Azu has his Lexus LX570, Range Rover Discovery, and Toyota Prius all parked together.
7. Orji Uzor Kalu
Networth: $1.1 Billion
There is no question that Orji Uzor Kalu is included on the list of billionaires in Nigeria. In both the political and business spheres of Nigeria, he is a well-known and respected person.
In addition to serving as Chief Whip of the Nigerian Senate, he also holds the position of Senator for the Abia North Senatorial District in Nigeria.
In 1999, Kalu successfully ran under the banner of the People’s Democratic Party for the position of Governor of Abia State in Nigeria. He was elected to that position. After that, he went on to become the Governor of Abia State, a position he held for a total of two terms, beginning in 1999 and ending in 2007.
His first company, which dealt with the exchange of commodities such as palm oil, rice, and sugar, was established when he was only 19 years old. This followed his expulsion from the institution for spearheading a series of student disturbances, which led to this development. According to Forbes, he had to borrow $35 from his mother in order to get the business off the ground.
In his later years, he has employed in the transportation industry as well as the furniture manufacturing industry. Before he was 20, he had had a million dollars worth of riches accumulated under his belt.
He was named number 49 on the list of the 50 richest people in Africa by Forbes Magazine in 2015. His net worth was the 49th highest on the list. Kalu is without a doubt one of the most successful politicians in Nigeria, as evidenced by the fact that he is also one of the wealthiest.
6. Atiku Abubakar
Networth: $1.4 Billion
Atiku Abubakar is a Nigerian politician and businessman who was born on November 25th, 1946. He holds a degree in business administration.
During Olusegun Obasanjo’s reign, he held the position of Vice President of Nigeria from 1999 until 2007, and he is now a candidate for the presidency of Nigeria. He served in that role from 1999 until 2007.
He spent a total of twenty years working for the Nigeria Customs Service, during which time he rose through the ranks to become the agency’s Deputy Director, which was the second-highest position that was available at the time.
After completing his service in the armed forces in April of 1989, he promptly went on to pursue a career in business and politics on a full-time basis. Because of the work he has done in various enterprises and investments, he is currently ranked as the second richest politician from the northern region of Nigeria on this list.
In 1991, he attempted to run for governor of the old Gongola State, which is now subdivided into the states of Adamawa and Taraba, but he was ultimately unsuccessful in this endeavor. After that, in 1993, he launched a second unsuccessful campaign for president.
Throughout the course of his political career, Atiku has participated in a total of five unsuccessful campaigns for the presidency of Nigeria. He has never accomplished anything worthwhile.
Since he is now running for president, he is interested in how well he does in the elections for that office in 2023, and he has stated that he will be pleased with his performance regardless of the outcome.
5. Rochas Okorocha
NetWorth: $1.3 Billion Dollars
Another wealthy Nigerian is Rochas Okorocha, who serves as a senator for Nigeria, representing the state of Imo West. In addition to that, he is the incumbent governor of the state of Imo and a prosperous Igbo businessman.
Owelle Rochas Okorocha was born on March 22, 1962, in Ogboko, which is located in Ideato South Local Government Area, in the state of Imo. He is known for rising from humble beginnings to achieve great success. Due to the fact that his parents were impoverished, he worked as a peddler in Barkin Ladi, Jos. By the year 2007, Rochas Okorocha had already entered politics and gathered a sizeable following, which prompted him to run for governor under the banner of the Peoples Democratic Party in the general election that year (PDP).
In the months leading up to the general election in 2011, Rochas initially affiliated himself with the All Progressive Grand Alliance (APGA), but then switched allegiances to the APC. In 2011, Rochas won the election for the position of governor of the state and went on to serve for a total of four years.
Due to the fact that Rochas is a multi-billionaire businessman, it is believed that his net worth is approximately $1.3 billion; however, Forbes has not yet confirmed this information.
4. Gen. Olusegun Obasanjo
Net Worth: $1.6 Billion
Chief Olusegun Obasanjo, GCFR, Ph.D. was born on May 5th, 1937. He went on to earn his doctorate. He was a general in the Nigerian Army for a number of years before taking office as Nigeria’s first civilian president from 1999 to 2007. He served as the head of state during the nation’s fourth republic. It has been his good fortune to hold the office of President of the United States on two separate occasions. Between the years of the 13th of February 1976 and the 1st of October 1979, he ruled the country as the head of the military, and between the years of the 29th of May 1999 and the 29th of May 2007, he served as the president of the country after being elected democratically.
OBJ, sometimes known as Baba, is a politician hailing from Ogun State and is considered to be one of the wealthiest politicians in Nigeria. In addition to owning Otta Farms, he is also the proprietor of a large number of other companies and assets located all throughout the nation. In addition to this, it is rumored that he owns oil blocks and other business interests in other nations. Over the course of his career, Chief Olusegun Obasanjo has been able to build a sizeable fortune. His total assets come to $1.6 billion dollars.
3. Ifeanyi Ubah
Networth: $1.7 Billion
Patrick Ifeanyi Ubah is a Nigerian businessman and entrepreneur who was born on September 3, 1971. He is currently serving as a senator for Nigeria’s Anambra South Senatorial District. Patrick Ifeanyi Ubah is next on the list of the wealthiest politicians in Nigeria. He was born on September 3, 1971. Since 2001, he has been serving Capital Oil as both the company’s founder and CEO.
Ifeanyi Ubah broadened his commercial operations to include countries in Europe, including the United Kingdom and Belgium, for example.
As an exporter, he ships a variety of automotive tires and replacement parts to countries such as the Democratic Republic of the Congo, Ghana, and Liberia. Other destinations include Sierra Leone.
He started the daily newspaper The Authority in Nigeria, and he currently owns the football team Ifeanyi Ubah F.C., which he purchased when it was still known as Gabros International Football Club. In addition, he was the founder of the newspaper The Authority.
He currently sits on a ground-shaking estimated net worth of $1.7 billion, making him one of the richest Nigerian politicians.
2. Ibrahim badamasi Babangida GCFR
Networth: $5 billion
It is estimated that Ibrahim Babangida is the second most wealthy politician in Nigeria. His nickname was IBB, and at one point in time, he served as the military dictator of the state of Nigeria. General Ibrahim Badamasi Babangida is now ranked in second place on our list of the top ten wealthiest politicians in Nigeria (IBB). On August 17, 1941, Ibrahim Babangida was born in the state of Niger, which is located in the northwest part of Nigeria. Ibrahim Babangida is a prominent figure in Nigerian politics and commerce, as well as the military.
He was the military dictator of Nigeria from August 1985 to August 1993, and he is best remembered for his role in nullifying the results of the general election that took place on June 12.
It is estimated that General Ibrahim Badamasi Babangida has a net worth of approximately 5 billion dollars, which is equivalent to 2 trillion Naira. At one point in time, he held the title of being the wealthiest politician in the country.
1. Bola Ahmed Tinubu
Networth: $8.4 Billion
Nigerian politician and accountant Bola Ahmed Tinubu has been at the helm of the All Progressives Congress (APC) as its national head since the party was founded in 2013. One of the 18 major political parties in Nigeria nowadays is the All Progressives Congress (APC).
Before being elected governor of Lagos State, which he held from 1999 to 2007, he served as a senator representing the Lagos-West senatorial district in Nigeria from 1992 to 1993. His term as governor lasted from 1999 to 2007.
In 1979, he received a bachelor’s degree in business administration from Chicago State University, where he had previously studied. He was given the noble title of “Asiwaju” by the Oba of Lagos, the traditional ruler of Lagos. The Oba of Lagos is a ceremonial figure who holds the position of Lagos’ traditional leader.
Senator Tinubu’s wife, Oluremi Tinubu, is currently serving as the senator for Lagos Central. Tinubu is herself a senator.
Asiwaju Bola Ahmed has a variety of properties around Nigeria, including a mansion in Ikoyi, Lagos, that is reported to be worth $5 billion and a number of other homes and businesses. Although he also has two additional Mercedes Benz autos, a Range Rover, and a number of other exquisite automobiles, one of his most valued belongings is a G-wagon.
It is said that he has a number of other aircraft in addition to his own Bombardier Global Express XRS jet, which is estimated to be worth $60 million.
It is anticipated that Bola Ahmed Tinubu will have a net worth of $8.4 billion by the year 2022. He is without a doubt one of the wealthiest politicians in Nigeria.
At the moment, Tinubu is the candidate for president that the All Progressives Congress (APC) would put forward for the presidential election that will take place in 2023.