Top 10 Richest Nigerian Politicians And Their Net Worth (2020)

Top 10 Richest Nigerian Politicians And Their Net Worth (2020)

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It is common knowledge that Nigeria probably has the wealthiest group of politicians in the world – they are the highest-paid civil servants, so this title is not too shocking.

Everyone is aware of the political gain syndrome, once you enter the corridors of power in Nigeria, your bank account continues to burst.

ALSO READ: 10 Most Powerful Kings in Nigeria

This is mostly the result of a factor known to every Nigerian. Fortunately, the dark company is not on our radar today, we will focus on the 10 richest politicians in Nigeria and their estimated net worth.

If you have a question about who is the wealthiest politician in Nigeria, Let’s join me and find out who got the most money among the famous names you know.

Now let’s see how everyone earns that money and spends it on luxury products.

The wealthiest Nigerian politicians and their car collections

10. Rotimi Amechi

Rotimi Amaechi

Rotimi Chibuike Amechi’s total value is  $ 80 million. The former  Rivers State Governor from 2007 to 2015 and is currently the Minister of Transport in Nigeria. He was born on May 27th, 1965.

Rotimi Amechi has his own luxury car fleet. These include the rare Mercedes-Maybach Vision, a Mercedes AMG G63, a Mercedes S505050, a Land Rover Discovery and a Lexus LX70.

Although he claimed that there are no private jets, he may have Brazil’s Embraer Heritage worth about N9 billion.

9. Dino Melaye

Dino Melaye

Dino has become the most relaxed politician ever! He was born on January 1st, 1974, in Bang Kogi. He was a member of the Eighth Senate in the National Assembly, representing the West Kogi Senate until August 2010.

Dino Melaye owns a great car and an exciting model, his lavish lifestyle can be easily recognized.

His huge car collection includes some of the most expensive cars in the world such as Bugatti Veyron, R-Rolls-Royce (18 million Euros), Lamborghini Hurricane, Bentley Continental and many other unique supercars like the McLaren MP14 and Mercedes G55 Mentor.

8. Ahmadu Adamu Mu’Azu

Ahmadu Adamu Mu'Azu

Ahmadu Adamu Mu’Azu was the former governor of the Bauchi state and former chairman of the People’s Democratic Party (PDP).

He was also an asset manager for Bauchi State Investment and Asset Development. An estimated net worth of 324 billion 545 million yen, making him on the list of the 10 Wealthiest Nigerian politicians.

In April 2019, the Economic and Financial Crime Commission (EFCC) demolished a mansion in Ikoyi as part of Buhari’s anti-corruption campaign and found more than $ 50 million in cash hidden in a fireproof locker.

Behind false walls, The construction company claimed Ahmadu Adamu Mu’Azu as the owner, but the northern millionaire denied all allegations.

Mu’Azu has in his garage a Lexus LX570, a Range Rover Discovery and Toyota Sequoia among other luxury cars. In Nigerian history.

Ahmadu Adamu Mu’Azu – Available Value: $ 895 million.

7. Mr. Orji Uzor Kalu

Mr. Orji Uzor Kalu

The net Value is $ 1.1 billion (£ 398 billion, US $ 882 million)

He was born on April 21st, 1960. He is one of the wealthiest political figures in Nigeria. Before the election, he served as chairman of Cooperative Commercial Bank Co. Ltd.

He’s a member of the People’s Democratic Party (PDP), the Progressive People’s Alliance (PPA) and chairman of the PPA’s board.

Like the others on the list, Uzor Kalu runs many companies. He is the current chairman of SLOK Holding and two influential newspapers – “New Telegraph” and “Daily Sun”.

He has shares in ABA’s Enyimba FC, a very successful club in the CAF competition. The club win the highest honour in the African flagship competition.

In 2014, Uzor Kalu bought what is believed to be his fifth private jet, the Gulfstream G650 model, worth up to £ 11.5 billion.

A news about his seventh jet was released in 2018 Orji Uzo Kalus’ garage is full of exotic cars, including the Bentley, Range Rover, Mercedes S550 and Mercedes C-Class.8.

6. Rochas Okorocha

Rochas Okorocha

Estimated net worth of  $1.4b in Nigeria currency is valued N507b and 668m.

Rochas Okorocha is former governor of Imo State, South-Eastern part of Nigeria for two terms.

He is the founder of the Rocha’s Foundation, a non-profit fund that builds colleges for needy kids.

Rochas Okorocha is one of Nigeria’s wealthiest politicians in valued at $1.4 billion.

His garage potrays  a Mercedes-Benz Klassen V220, Mercedez Benz AMG63, a Lexus LX 570 among other luxury cars, Rolls-Royce Phantom, a Mercedes-Benz S600.

There was claims that Rochas Okorocha own three private jets but he responded that he owns just two, which he bought before becoming a governor.

One of the private jets LearJet 45, is worth N700 million.

5. Atiku Abubakar GCON

Atiku Abubakar GCON

Atiku Abubakar GCON is valued at $1.4 billion which is ₦507 billion 668 million in local currency.

He was a Vice President to  Chief Olusegun Obasanjo in 1999 to 2007. Atiku Abubakar was comptroller general of the Nigerian Customs for 22 years and made a fortune from his position.

He founded a logistic company in Nigeria with acronmy (INTELS). There was allegation of corrupt practises amount to $100 million  against his company between 2000 and 2008.

Atiku Abubakar also, owns other businesses in Nigeria ranging from beverage, media to education, and others.

Atiku hailed from Adamawa State and was born on November 25th, 1946. He has four wives and 28 children.

Atiku Abubakar possesses is estimated $1.4 million with many valuable assets home and abroad. Among them are private jet worth $4.1 million and  many luxury cars he rides are a Range Rover, own $2.95 million mansion near Potomac Maryland, USA , a Lexus 570, a Toyota Land Cruiser, Mercedes S550, etc.

Less i forget that he even bought cars for his supporters: Regina Daniels got a brand-new Mercedes-Benz SUV after supporting Atiku.

4. Olusegun Obasanjo GCFR

Olusegun Obasanjo GCFR

Olusegun Obasanjo GCFR net worth: $ 1.6 billion (580 billion 192.192 million)

Olusegun Obasanjo or OBJ is the noble birth of Ogun State, born on March 5th, 1938. The former President of Nigeria served as Nigeria’s two presidents.

Initially, he was appointed as military administrator from 1976 to 1979 and civilian president from 1999 to 1999 in 2007.

OBJ is said to own Otta Farms, one of the most massive chicken roosters in West Africa. Although not widely known, He is responsible for over 6.5% of all significant oil production, marketing and distribution in Nigeria.

In the garage, there is a Mercedes-Benz S63 sedan, Lexus 570, Toyota Land Cruiser, and 2017 Toyota Highlander, each with Bombardier Challenger 300 jets and helicopters valued at $42, 000, 000.

3. Ifeanyi Ubah

Ifeanyi Ubah

Ifeanyi Ubah – estimated net worth of $ 1.7 billion

Ifeanyi Ubah was born in 1971. September 3rd His fortune didn’t start in politics, he is a reliable businessman who had built a wealth before he served in Nigeria.

Ifeanyi Ubah cars have models of the most valuable brands.

Raised the first of seven children in the Abuja suburbs, he had to drop out of school to become an entrepreneur, but fate seemed to be in his 19th when he shook his first million. In 2014 he demanded to rule his state and lost in 2019.

He moved for a seat in the Nigerian Senate to represent the Anambra Southern Senate region, which he won.

In addition to having a football club called Ifeanyi Ubah FC, Ifeanyi Ubah is the president and board of directors of several well-known Nigerian companies.

With a net worth of $ 1.7 billion, Ifeanyi Uba hand is one of the top 10 most affluent men from the Eastern part of the country.

Ifeanyi Ubah extremely expensive Rolls-Royce worth 90 million naira, Land Rover, Cadillac Escalade, Toyota Land Cruiser and Toyota Highlander. Ifeanyi Ubah also flies 31 million. Private jet.

2. Ibrahim Badamosi Babangida GCFR

Ibrahim Badamosi Babangida GCFR

Ibrahim Badamosi Babangida (IBB) Net Asset Value is $ 5 billion. Born on August 17th, 1941 in Niger State, he has been a businessman and politician since 1985. August to 1993. He served as Nigeria’s military president.

The rich man is famous for his resignation in 1993, On  June 12th, the general election, in which the alleged winner was MKO Abiola.

Babangida is estimated to be worth $ 5 billion. He is believed to be managing multi-billion dollar hidden assets, with the subsequent holding of a stake in several Nigerian companies.

According to a 2011 Forbes article, Babangida was valued at $ 12 billion. Babangida rejected these claims, claiming that his government was “sacred”.

Ibrahim Babangida is said to have embezzled a lot of money during his tenure as general, which he publicly denied.

He also owns 65% of  Fruitex International Limited, a London-based company, and 24% of Globacom, Nigeria’s second-largest telecommunications company.

Ibraham Babangida now has a net worth of $ 1 trillion to $ 813 billion ($ 5 billion), making him Nigeria’s second richest politician.

Among other luxury cars, He has a BMW 760LI in the garage (35.2 million euros). Mercedes-Benz S-Class (33.7 million), Toyota Land Cruiser (30.6 million).

He also wings a Learjet 45 valued at 594.7 million naira.

1. Chief Bola Ahmed Tinubu

Chief Bola Ahmed Tinubu

Estimated net worth is $ 8.4 billion ($ 3 trillion $ 46 billion)

The man Bola Ahmed Adekunle Tinubu was born in 1952. March 29th In Lagos, Nigeria. His mother, the leader Abibatu Mogaji, was a merchant who eventually became the Iyaloja of Lagos.

Bola Tinubu is considered an old politician and nicknamed “BAT”, “Jagaban” and “Asiwaju”. He is also considered the strictest Nigerian politician and the most powerful politician in southwestern Nigeria.

The former governor of Lagos has a fleet of high-end vehicles.

Lagos Jagaban is married to Oluremi Tinubu, a senator representing the Lagos Central Senate.

One of his sons, Seyi Tinubu, was appointed immediate financial advisor on all documents and municipalities in Lagos State.

Bola Tinubu also reveals his ambition for 2023. Become President of Nigeria.

The biggest scandals at Tinubu are a lawsuit alleging € 100 billion in money laundering, tax evasion and fraud by the CEO of consulting firm Tinubu Alpha Beta (September 2018).

Only in 2020 Bola Tinobu was initially accused of participating in the white heroin trafficking network operating in the United States from 1988 to 1993.

The Bola Tinubu land holdings are scattered throughout Nigeria and amount to more than $ 120 billion, including the $ 5 billion mansions at Bourdillon Drive, Ikoyi, Lagos.

He has a 600-million-million G-Wagon, 2 other Mercedes Benz, a Range Rover, a Lexus LX 550 and other unknown luxury vehicles.

Let’s not forget that the $ 60 million Bombardier Global Express XRS is probably not the only plane.

Please, drop your thoughts on this list of top 10 richest Nigerian politicians and net their worth.

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