Okay so, Nigerians hate politics and politicians right? Well I don’t. I think politics is a great tool in the hands of the right persons. And if only the right people, people who are actually willing to serve get in, things will get better. Many Nigerian politicians seem to think that politics is a tool for enriching their pockets. So again, the dislike of Nigerians for politicians is well founded. Here is the thing; we believe politicians are amongst the richest people in Nigeria. After business and entertainment, another very lucrative venture is politics.
This report is about the richest politicians in Nigeria. It is quite tricky though, because politicians are not known to have many traceable means of income. And when they make their assets public as they should, Nigerians sometimes do not believe them. Bukola Saraki’s case is still before the Code of Conduct Tribunal for false asset declaration. So this brings us to the ten richest politicians in Nigeria.
These guys are chosen based on their assets that we know off, and also some of our snooping too. This are just estimated net worth of these politicians and may not reflect their true financial value. We’re always willing to make changes if you have access to their accounts 😉 In no particular order, here’s our list of richest politicians in Nigeria.
Richest Politicians in Nigeria
Ibrahim Badamosi Babaginda
He is popularly known as IBB, and he was responsible for the coup, which ousted Buhari from power as a military head of state. In addition, in 1993, he organised an election for the return to democracy, which MKO Abiola won. It is said he owns one of the most expensive mansions in the world, somewhere in Northern Nigeria. IBB has a net worth of $5billion.
He is two time head of state of Nigeria and retired Army General. When Nigeria came back to democracy in 1999, he was the first president. And he came out of prison to actually become president. So this man has lived a life full of adventures. One of the sources of his wealth is his very large farm at Ota. The farm sells poultry and poultry products. It is rumoured that he has some oil blocks and some stake in MTN. Obj’s net worth is estimated at $1.5billion.
Owelle Rochas Okorocha
He is the only southern eastern governor from APC, and he was instrumental to the APC winning the presidential election in Imo state. This was the only place in Igboland where this happened. Prior becoming the governor of Imo state, Rochas ran for the presidency twice, I guess he was advised to start smaller. Before coming into power, Rochas was and is still a philanthropist. As we know only rich people can be philanthropist.
This is to say that he had money before coming into power. Rochas has loads of businesses, which he does, from transportation to construction. However, we can infer that he has gotten richer through politics. From what we at iDonsabi could snoop out, Rochas Okorocha has a net worth of $1.6billion. Rochas is at the moment serving his second term as the Imo State governor.
Bola Ahmed Tinubu
Bola Tinubu is the party leader of APC, I think without him, APC will not be today. And I also think that if he should suddenly leave the picture, APC will be weakened almost to crumbling. By his ingenuity and shrewdness, APC has come to power. That being said, Tinubu was the governor of Lagos state from 1999 to 2007. His net worth is $1.7billion. It is rumoured that Tinubu owns, Television Continental, and he also owns some high prized real estate and chain of hotels.
Atiku Abubakar, was the vice president of Nigeria, from 1999 until 2007. Towards the end of the Obj’s second tenure, they fell out, and Obasanjo hounded him with EFCC. I know one thing Atiku owns, ABTI American University Yola, which he started in 2005. I remember telling my father I wanted to attend this University.
That was after they had advertised on radio, and I heard all the cool stuff that happensthere. As at this time their tuition fee was over N1million. My dad just laughed at me, and then said I wasn’t the only child he gave birth to. Of course, he paid my fees… in a government University. I still remember that incident and laugh at myself, lol. A boy is allowed to dream right? We know Atiku very well nah, so I’ll just tell you his net worth, or what we think it is. He’s worth $1.5billion.
Orji Uzor Kalu
This man needs no introduction, in case you don’t know it, this guy is the chairman of Sun Daily and New telegraph. This is just a fraction of his business interests within the west African, sub continent. Kalu has decamped from PDP to APC, further weaking PDP. In addition, he has been calling for Ndigbo to join him. He has a net worth of $1.1billion.
He is the owner of Ifeanyi Ubah FC, and the Chairman of Capital Oil and Gas. It is said that he made his first million naira at the age of 19. He has interest in oil and gas and also in spare part business, just to name a few. This Nnewi man has ran for the governorship seat of Anambra and lost, twice. Mr Ubah is currently being held in detention by DSS. Ifeanyi Ubah’s net worth is estimated at $1.7billion
Dino, Dino bambino, I and my brother are fans of this guy. Whenever we see him on TV go like eeeh, see Dino o. This guy has an array of exotic cars and power bikes. And at 40 something, he is not married. He even released a song sometime last month. He was embattled sometime ago for allegedly having fake university certificate. As the matter dragged on, he also talked about our president whose certificate was allegedly nonexistent. Finally it came out that, Dino Maleye graduated from Ahmedu Bello University with a third class. You fail at school doesn’t mean you should fail in life. Dino has proven that to us. Dino Maleye’s net worth is estimated at a little over $800 million. Dino Maleye is a senator representing a senatorial district in Kogi State.
Ben Murray Bruce
This Bayelsan Senator goes blah blah blah, “and I just want to make common sense”. I wonder what kind of sense he was trying to make when AMCON took over some of his cinemas. I heard he has since paid of his about N11billion debt and has gotten the properties back. You know the most pathetic thing about this? the press really didn’t carry this particular news. This is very much unlike how they carried the news that he was going to lose some of his assets.
Mr Ben Murray Bruce was one time Chairman of the SilverBird group. It’s a family business, he and his brothers are into the entertainment business. He brought MBGN to Nigeria, making Adaeze Igwe, Munachi Abi, and some other ladies stars over night. That is when they won the beauty pageant. He also helped Kaffy, dancer and creative director of Magnito Studios break a dance world record. Murray Bruce has a net worth of $715million.
He was governor of Rivers state after Peter Odili. He served two terms, and now is transport minister. Mr Amaechi’s net worth is estimated at $780 million.
These are the politicians we could snoop out at least some of their worth. We would like you to know that these net worth are estimates. And some names you would expect to be here are not, because try as we could, nothing concrete could be gotten about their companies and assets.