Who are the Richest Politicians in Nigeria presently? it is no doubt that Nigerian politicians are the wealthiest set of politicians worldwide mainly because they are the highest-paid public officers in the world and they have access to the nation’s wealth with the political money-making thought of every political lover in Nigeria thereby seeing politics as the best way to cash out and amass wealth for themselves.
When talking about the richest countries in Africa you just have to mention Nigeria, with the wonderful resources the country possesses both the tapped and untapped resources.
The major source of income of Nigeria as a Nation is crude oil, as it stands crude oil is one of the most valuable resources in the world, and aside from that Nigeria is blessed with various natural resources in every nook and cranny of the country.
With the kind of lifestyle Nigerian politicians live coupled with their access to Nigeria’s wealth, the richest politicians in Nigeria listed with their net worth will definitely be a thing of interest to you.
Most people have been wondering and seeking to know who the richest politician in Nigeria is with the luxurious rides they have, big mansions, business, and connections they have, no doubt it is worth knowing who the wealthiest politicians are in Nigeria. For comparison, here is a list of the Top 10 Richest Politicians in The World.
9jatoday has meticulously made research about the richest politicians in Nigeria and their net worth stating the name, net worth, and assets/investment of each of the Nigerian politicians listed in this article.
Are you among those asking to know “who is the richest politician in Nigeria?”, let’s dive straight into the topic of the day as we give an answer to your questions.
Top 10 Richest Politicians In Nigeria
#1. Bola Ahmed Tinubu
Net worth: $8.4 billion (₦3 trillion 46 billion)
Chief Bola Ahmed Adekunle Tinubu, born on 29 March 1952 is an ex-governor of the most populated state in Nigeria, Lagos State. He was the State governor from May 1999 to 2007, spending two-term making eight years as the governor of Lagos State.
He is also the National leader of APC a top Political party in Nigeria and is one of the ones that made the current president of Nigeria garner more votes in the last election.
Apart from politics, Asiwaju Bola Ahmed Tinubu is the owner of Oando Plc – one of the largest oil-producing companies in Nigeria with a revenue of over a 450million Naira.
Not only that, but Bola Ahmed Tinubu is also the sole owner of Television Continental (TVC), a broadcasting platform that airs in Nigeria and other countries in Africa like South Africa, Ghana, and other African countries.
The Jagaban of Lagos as popularly called is the husband to Oluremi Tinubu the senator representing the Lagos Central Senatorial District. His children also hold strategic posts in Lagos State.
Just like most politicians, Bola Tinubu was allegedly involved in one of the largest scandals where Tinubu’s consultant company, The popular Alpha Beta was accused of N100bn money laundering, tax evasion, and fraud in September 2018 by its Managing Director/Chief Executive Officer.
Also, in 2020, Bola Ahmed Tinubu was charged for involving in a white heroin trafficking network that was operated in the US between 1988 and 1993, though the outcome is unknown, we’ve heard rumors stating that is the reason why he cannot travel to the United States.
Tinubu has landed properties across Nigeria and beyond, his landed properties in Nigeria alone are worth over 250 billion Naira while his home in Bourdillon Drive at Ikoyi Lagos State is worth over 5 Billion Naira.
Bola Tinubu cars are also the talk of the town, with a G-Wagon worth ₦600 million, Mercedes Benzes, Range Rover, Lexus LX 550, and many other exquisite vehicles. own a private jet, a Bombardier Global Express XRS which is worth $60 million, though not the only one he has.
#2. Ibrahim Badamasi Babangida GCFR
Net worth: $5 billion
Second, on our list of the top ten richest politicians in Nigeria is General Ibrahim Badamasi Babangida (IBB). Ibrahim Babangida was born on 17th August 1941, he is from Niger State in the Northern region of Nigeria. Ibrahim Babangida is a politician, a military general, and a businessman.
He served as Nigeria’s military president from August 1985 to August 1993 and is well known for the annulment of the June 12 general election.
Ibrahim Babangida owns a private jet worth 594.7 million Naira. It is believed that Babangida appropriated a lot of funds during his tenure as a Major General, though he publicly denied it. He is also a shareholder of companies in various countries owning 65% of Fruitex International Limited, a London-based company. He also owns 24% of the Nigerian own telecommunication company Globacom. Ibrahim Babangida’s net worth is estimated to be around 1 Trillion, 814 billion Naira.
He also has great taste for luxurious cars like the 2015 Mercedes-Benz S Class worth 33.7 million Naira, Toyota Land Cruiser worth 30.6 million Naira, BMW 760LI which is worth 35.2 million Naira, and many exotic rides.
#3. Ifeanyi Ubah
Net worth: $1.7 billion
Ifeanyi Ubah is the third richest politician in Nigeria, he is also one of the richest Igbo men in Nigeria. Ifeanyi was born on 3rd September 1971, he was a wealthy man even before he started politics, known as one of the wealthiest from Nnewi, an area in the South Eastern region known to have the highest number of millionaires even billionaires.
Ubah is a businessman who already has made name for himself and built a huge fortune, he decided to serve Nigeria and contested as a governor in Anambra State which he lost in 2014, though in 2019 he contested for the senatorial seat of Anambra South Senatorial District which he won.
His childhood was just like every other Nigerian kid, he grew up in the suburb of Abuja the Federal Capital City of Nigeria, and he was a school drop out though he decided to start a business. At the age of 19, Ifeanyi Ubah made his first 1 Million Naira.
Ifeanyi Ubah owns a football club called the “Ubah FC”, he is also into various businesses and owns shares in many companies. Ifeanyi Ubah’s net worth is estimated to be around $1.7 billion.
He owns many cars that are of quality taste like Land Rover, Cadillac Escalade, Roll-Royce, Toyota Land Cruiser, and a Toyota Highlander.
#4. Olusegun Obasanjo GCFR
Net worth: $1.6 billion (₦580 billion 192 million)
General Olusegun Obasanjo popularly known as OBJ is an Ogun State proud indigene, he was born on 5th March 1938. OBJ was so blessed and loved to the extent he served twice as Nigeria’s Head of State: as a military ruler from 1976 to 1979, and also as a civilian president from 1999 to 2007.
He spent most of his time serving Nigeria, West Africa, and Africa at large. Baba Iyabo got married four times. His first wife is Esther Oluremi, then Lynda is the second, Mojisola who was late before finally marrying Stella.
Lynda was severely shot by armed men, and Stella who he chose as the First Lady during his tenure as a civilian president died after undergoing an Abdominoplasty surgery in 2005.
Though he is presently married to Mrs. Bola Obasanjo and OBJ’s children altogether are 20 in number.
After his tenure, Obasanjo settled on his farm at Otta and his farm is one of the largest poultries in West Africa, he is also into oil production, marketing, and distribution in Nigeria even though that is of book, not known to many.
OBJ also has a private jet and various models of cars with landed properties scattered around Nigeria.
#5. Rochas Okorocha
Net worth: $1.4 billion (₦507 billion 668 million)
Owelle Rochas Anayo Okorocha was born on 22 September 1962, he is naturally known to be a philanthropist – he is very generous, he is also a politician and an ex-governor, and currently among the richest men in Imo state.
Okorocha served as Imo state governor for two terms and has since then been a force to reckon with in South-Eastern region politics as he is the only APC top politician from South East in Nigeria.
He was a successful businessman before delving into politics and the fact that he is well known to be a generous man garnered a lot of votes which made him a two-term governor of Imo State.
After serving as governor, he is the current senator representing the Imo West Senatorial district contested that he contested for and won in 2019.
Rochas Okorocha is the founder of the Rochas Foundation which was created for poor and vulnerable children, the foundation sees building schools and taking care of children.
He has also been through hard times, especially after his term as a governor, his family was accused of diverting public assets where 67 government vehicles were included.
That aside, Rochas is a force to reckon with, he is one of the richest politicians in Nigeria for years back he has been on that spot and politically doing well.
Rochas Okorocha also has a great taste for a good collection of cars like the Rolls-Royce Phantom, Mercedes-Benz Klassen V220, Mercedes-Benz S600Mercedez Benz AMG63, a Lexus LX 570, and many others. It is generally known that Rochas Okorocha owns two private jets, though his colleague claims he owns three.
#6. Atiku Abubakar GCON
Net worth: $1.4 billion (₦507 billion 668 million)
Atiku Abubakar is a well-known politician in Nigeria, he was born on 25th November 1946 and is an indigene of Adamawa State. He contested as vice president alongside Olusegun Obasanjo of which he was the vice president from 1999 – 2007.
He was also once the Nigerian Custom comptroller general for good 20 years which he made most of his wealth from.
He established a logistics company called INTELS Nigeria Container Service which the company was accused of money laundering which was a setback for him when contesting for the seat of the President of Nigeria under PDP.
Atiku Abubakar is a businessman who owns many businesses in Nigeria, he is into media, education, beverage production, and many others.
Atiku’s net worth is estimated at $1.4 million, and he has many assets and also shares in many companies.
#7. Orji Uzor Kalu
Net worth: $1.1 billion (₦398 billion 882 million)
Orji Uzor Kalu was born on April 21, 1960, he was the former governor of Abia State and he is also one of the richest politicians in Nigeria. Kalu is the chairman of the popular newspaper “New Telegraph ” and the “Daily Sun”, he also holds shares in the Enyimba Football Club of Aba one of the most successful football clubs in Nigeria.
Orji Uzor Kalu owns 5 private jets with mansions all over Nigeria and in Maryland USA. He also has collections of exotic cars.
#8. Ahmadu Adamu Mu’Azu
Net worth: $895 million (₦324 billion 545 million)
Ahmadu Adamu Mu’Azu born on 11th June 1955 was once a governor of Bauchi State and also he is the former PDP National Working Committee chairman. Ahmadu Adamu Mu’Azu’s net worth is estimated at ₦324 billion 545 million, which placed him on the list of the top ten richest politicians in Nigeria, coupled with his service as property manager of the Bauchi State Investment and Property Development Company.
There was a controversy in 2019 when the Economic and Financial Crimes Commission (EFCC) where a whistleblower revealed to the EFCC about a mansion in Ikoyi Lagos State as part of Buhari’s anti-corruption campaign, it was made public that over $50 million was discovered hidden in fire-resistant cabinets behind false walls of the mansion.
After making research about the owner of the house based on the information from the hose contractor we get to know the house belongs to Ahmadu Adamu Mu’Azu though he denied the allegation.
#9. Dino Melaye
Net worth: $800 million (₦290 billion 96 million)
Dino Melaye is a controversial politician, he has been a thorn in the flesh of his opposition and above all, he is a political entertainer. Dino Melaye was born on 1st January 1974 and is an indigene of Kogi State. He was once a senator of Kogi West Senatorial District before he was sacked by the court in 2019.
There was a time he threatened to beat the senator and wife of Lagos state ex-governor Oluremi Tinubu adding that he will impregnate her right on the Senate floor.
According to the gathered report it was made known that he was once married and his first and second wife accused him of several domestic violence, he is the type that doesn’t feel bordered.
It won’t really make sense to talk about Dino Melaye without talking about his rides, Dino Melaye is a lover of glitz, he loves cars and his garage is filled with expensive and exotic cars ranging from 3 Roll-Royces (₦318 million combined), a Lamborghini Huracan (₦86.7 million), Bentley Continental (₦71 million), Bugatti Veyron (₦616 million) and any other expensive cars.
#10. Rotimi Amaechi
Net worth: $780 million (₦282 billion 843 million)
Lastly, on our list of richest politicians in Nigeria is Rotimi Chibuike Amaechi who was born on the 27th of May 1965. He served was once the governor of Rivers State from 2007 to 2015 and is presently the Minister of Transportation in Nigeria.
Rotimi Amaechi is a diligent man, very focused, and doing well in terms of project execution. He was once the director-general of the Buhari re-election campaign in early 2019 which was seen as the reason why he got himself on the ministerial list of the President.
Though he was caught in the middle of a series of leaked audio released to the public where he criticized the president and also called Nigeria a hopeless nation, this raises so many brows though it was said that the audio was doctored.
Moving away from that, Rotimi Amaechi’s wealth came mostly from politics, not forgetting that he was once the governor of one of the richest states in Nigeria.