Top 10 Most Richest Politicians In Nigeria

Have you ever wondered who is the current richest politician in Nigeria. Here is your one chance to find out. It is commonplace to know that Nigeria has arguably the wealthiest set of politicians globally and they are the highest-paid public officers so this title isn’t very shocking. Everyone is aware of the political money-making syndrome in Nigeria and once you get into the corridors of power in Nigeria your bank account won’t stop skyrocketing.

This is primarily a result of one factor which every Nigerian is aware of. So therefore after a careful study and research I present to you the top 10 most richest politicians in Nigeria and their net worth.

10. Rotimi Amaechi

Rotimi Amaechi served as governor of Rivers State from 2007 to 2015, and currently the Minister of Transportation in Nigeria. He was born on 27th May 1965. Rotimi Amaechi was the director general of Buhari re-election campaign in early 2019. However, he was in the eye of a storm after a series of audio recordings leaked, in which he harshly criticized Buhari for not meeting Nigerians’ expectations and described Nigeria as a never-going-to-change hopeless nation. Rotimi Amaechi has for his own a fleet of luxury cars including a rare Mercedes-Maybach Vision 6, a Mercedes Amg G63, Mercedes S550, a Land Rover Discovery, a Lexus LX 570, amongst others. Although he claims not to own a private jet but there is a high chance he owns a Brazillian Embraer Legacy worth about N9 billion. Rotimi Amaechi has an estimated net worth of $780 million making him the number 10 most richest politician in Nigeria.

9. Dino Melaye

In the history of Nigeria, Dino Melaye has been the most entertaining politician ever! He was born on 1st of January, 1974 and hails from Kogi State. He was a Senator and a member of the 8th National Assembly, representing Kogi West Senatorial district before being sacked by the gubernational election tribunal of the state in late August 2019. Dino Melaye is known for various scandals and political controversies. He once threatened to beat up Senator Oluremi Tinubu and impregnate her on the floor of the Senate. Dino Melaye had two marriages which both ended after his wives accused him of severe domestic violence. Dino Melaye is a real car freak and a very flaunting type so it’s easy to get a glimpse of his luxurious lifestyle. Among his giant car collection are one of the most expensive cars in the world, a Bugatti Veyron worth over ₦616 million, 3 Roll-Royces worth over ₦318 million combined, a Lamborghini Huracan worth over ₦86.7 million, a Bentley Continental worth over ₦71 million and many more. Dino Melaye has an estimated net worth of $800 million making him the number 9 most richest politician in Nigeria.

8. Ahmadu Adamu

Ahmadu Adamu was the former governor of Bauchi State as well as the former chairman of the Peoples Democratic Party (PDP). He also served as property manager of the Bauchi State Investment and Property Development Company. He has many assets and real estate investments, putting him in the list of top ten richest politicians in Nigeria. In April 2019, the Economic and Financial Crimes Commission (EFCC) busted a mansion in Ikoyi as part of Buhari’s anti-corruption campaign and discovered over $50 million of cash hidden in fire-resistant cabinets behind false walls. The company that built the house claimed Ahmadu Adamu is the owner, but the Northern millionaire rejected all the accusations. Ahmadu Adamu has in his garage a Lexus LX570, a Range Rover Discovery and a Toyota Sequoia, amongst other luxury rides. Ahmadu Adamu has an estimated net worth of $895 million making him the number 8 most richest politician in Nigeria.

7. Orji Uzor Kalu

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 People’s Alliance (PPA) and the chairman of the PPA Board of Trustees. Just like a few others on this list, Orji Uzor Kalu runs a number of businesses. He is 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 in African. Although not specified, Orji 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. In 2014, Uzor Kalu acquired what is believed to be his 5th private jet, the Gulfstream G650 model, which is worth a whopping sum of ₦11.5 billion. Another news about his 7th jet was published in 2018. 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. Orji Uzor Kalu has an estimated net worth of $1.1 billion making him the number 7 most richest politician in Nigeria.

7. Atiku Abubakar

Atiku Abubakar 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. While working for Nigerian Customs, he founded a logistic company known as Nigeria Container Service (INTELS). The company has been 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, education, amongst others. Atiku Abubakar hails from Adamawa State and was born on 25th November 1946. He has five wives and 26 children. Atiku Abubakar possesses many valuable assets and several real estate investment businesses. He owns an Embraer Phenom 100 private jet worth over $4.1 million and a $2.9 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. Atiku Abubakar has an estimated net worth of $1.4 billion making him the number 6 most richest politician in Nigeria.

5. Rochas Okorocha

Rochas Okorocha served as the governor of Imo State in the south eastern part of Nigeria for two terms. He was thriving in business before he joined politics. He is the founder of Rochas Foundation, a non-profit organization that builds colleges for poor children. In June 2019, Rochas Okorocha and his family were accused of taking away valuable assets of Imo state including 67 government vehicles, which Rochas Okorocha described as diversionary. In 2018, Rochas Okorocha was listed as the number one most richest politicians in Nigeria 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, a private jet, among other luxury cars. A few years ago, he was said to own three private jets by another governorship aspirant but according to Rochas Okorocha, he owns just two, which he purchased before becoming a governor. One of his private jets, LearJet 45, is worth over N700 million. Rochas Okorocha has an estimated net worth of $1.5 billion making him the number 5 most richest politician in Nigeria.

4. Olusegun Obasanjo

Olusegun Obasanjo 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. Obasanjo got married four times. He married first got married to Esther Oluremi after which he got married to Lynda, who was severely shot by armed men. His third wife was Mojisola who’s also late. His famous fourth wife was Stella Obasanjo, who served as Nigeria’s First Lady from 1999 till her untimely death in 2005. He is currently married to Mrs. Bola Obasanjo. Obasanjo has twenty children. Obasanjo 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. Olusegun Obasanjo has an estimated net worth of $1.6 billion making him the number 4 most richest politician in Nigeria.

3. Ifeanyi Ubah

Ifeanyi Ubah was born on 3rd September 1971. His wealthy status didn’t kick off with politics, he is a hardcore businessman who already built a fortune for himself before choosing to serve Nigeria. Growing up in the suburb of Abuja as the first child in a family of seven children, he had to drop out of school to become a trader, but luck shone on him at age 19, when he hit his first million. In 2014, he contested for the governorship of his state (Anambra 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. 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 over $31 million. Ifeanyi Ubah has an estimated net worth of $1.7 billion making him the number 3 most richest politician in Nigeria.

2. Ibrahim Babangida

Ibrahim Babangida was born on 17th August 1941 in Niger State. He 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 Babangida is allegedly appropriated a lot of money during his tenure as Major General of the Nigerian army and Nigeria military head of state, 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. He has in his garage a BMW 760LI worth over ₦35.2 million, a 2015 Mercedes-Benz S Class worth over ₦33.7 million, a Toyota land Cruiser worth over ₦30.6 million, among other luxury cars. He also flies a private jet worth over ₦594.7 million. Ibrahim Babangida has an estimated net worth of $5 billion making him the number 2 most richest politician in Nigeria.

1. Bola Ahmed Tinubu

Bola Tinubu was the former Lagos State Governor from May 1999 to May 2007. He is currently the richest politician in Nigeria. Apart from being the National Leader of the All Progressives Congress (APC), Bola Tinubu is also the owner of Oando PLC, the largest oil-producing company in Nigeria with a revenue of about ₦449 million monthly. 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. But his dream has been chatted after he ordered the Lekki tollgate killing of #EndSars protesters in Lagos on 20th October 2020. The largest scandals of Tinubu include the lawsuit where Tinubu’s consultant company Alpha Beta is accused of N100 billion money laundering, tax evasion and fraud by its Managing Director/Chief Executive Officer in 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 his mansion at Bourdillon drive, Ikoyi, Lagos worth over ₦5 billion. He also owns a G-Wagon worth ₦600 million, 2 Mercedes Benzes, a Range Rover Sport, a Lexus LX 550 and other luxurious vehicles which are undisclosed. Let’s not forget his Bombardier Global Express XRS private jet worth over $60 million. Bola Tinubu has an estimated net worth of $8.4 billion making him the number 1 most richest politician in Nigeria.

Austine Ikeru
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