Top 10 Richest Politicians In Nigeria

Would you like the know the richest politicians in Nigeria? Well, you’re in the right place because I made an in-depth article that would be covering the lives and net-worth of some of the richest Nigerian politicians.

A lot of successful and establish people venture into politics when they are at the peak of their career to lead their nation into greener pasture but in Nigeria, politics is the beginning of one’s career. A random person can easily walk into any public offices with or without an election and loot the whole region or states of money needed for infrastructural development.

10 Richest Nigerian Politician 

Most of the politicians in Nigeria are highway robbers. Although they don’t use guns, knives or grenades to cause havoc using microphones, pen, and paper. These are the major tools used in their wicked act.  A lot of politicians are even richer than a wealthy businessman and amass their wealth by looting the country of both human and material resources, some of them are not afraid to show off their extravagant lifestyle.

In this article, I’ll be giving you a rundown on the top 10 richest politicians in Nigeria, a bit about their history, early life and a summary of the source of their wealth and businesses. We did not add stolen funds or money that just “vanished” but the salary they earn for their service and other business endeavors. These are some of the richest politicians in Nigeria:

1. Ibrahim Babangida [Net Worth: $8.2 Billion]

Ibrahim Babangida is the richest politician in Nigeria. He is a well-known lawmaker in Nigeria and unquestionably one of the most extravagant spenders in his field of work. He was also a previous military leader of Nigeria after the nation’s independence. IBB is said to be worth billions of dollars. The total assessment of his assets is said to be valued at a staggering $8 billion.

General Ibrahim Badamasi Babangida commonly known as IBB, is one of Nigerian’s finest military presidents. He served from 1985 until his resignation in 1993. He was the one that ousts General Maahammadu Buhari from power in the fourth republic.

IBB was mainly concerned with economic development. During his regime, the Nigerian economy was suffering greatly due to over-dependence on crude oil. He introduced the Structural Adjustment Program and other policies that helped in reviving the economy.

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But during his regime there a lot of money “vanished” like the $14 billion acquired in the 1992 gulf war. Well, we know how the story goes anyway. IBB is currently into oil trade. He has 26% shares in Globacom Nigeria, 65% in Fruitex International London and other real estate investments all over the country.

2. Olusegun Obasanjo [Net Worth: $8 Billion]

Olusegun Obasanjo not only ranks as one of the richest politicians in Nigeria but also one of the most extravagant government officials in the land, he was Nigeria’s previous military head of state from 1976 to 1979 and was additionally equitably chosen as president from May 1999 to May 2007.

Chief Olusegun Matthew Okikiola Aremu Obasanjo also one of the richest politicians in Nigeria. He is not just a politician but an ex-militant and one of the smartest businessmen in Nigeria. This notable figure has been married four times. For an 83-year-old man, OBJ still looks young and fresh.

OBJ has played a very crucial role in the development of Nigeria especially after the civil war and his tenure as president. Before Obasanjo’s administration, Nigeria’s GDP is 1987 was one of the lowest in the world. But OBJ implemented new policies that doubled our GDP until he left office. Obasanjo also ranks as one of the smartest Nigerian politicians.

Olusegun Obasanjo hails from Ogun state, Nigeria, he owns over 30 kilometers of fertile rich soil for Agriculture and owns one of the biggest poultry farms in West Africa. OBJ also owns flourishing oil wells and share in multiple companies both home and abroad including MTN Nigeria, Oando, First bank and other. Throughout the years he has amassed a mouthwatering gaze of wealth & riches and can boldly stand as one of the richest politicians in Nigeria with expected total assets of $7 billion.

3. Bola Tinubu [Net Worth: $7.2 Billion]

Chief Bola Ahmed Adekunle Tinubu key well off political figure in Nigeria and one of the richest politicians in the land. Chief Bola Ahmed Adekunle Tinubu was chosen representative of the Lagos West voting public in Lagos State, Nigeria in 1993.

Tinubu is the Jagaban of Borgu Kingdom, Niger State, the Asiwaju of Lagos and a playmaker in the APC. He is currently one of the most powerful men not just in Lagos but the whole of Nigeria. Chief Abibatu Mogaji, his mother was the Iyaloja of Lagos State. We can, therefore, say that this family owns Lagos state. Tinubu has never been investigated by the EFCC. 

The decision was only before a military take-over in December 1993. After the arrival of to majority rules system, he was chosen as 12th governor of Lagos State, holding office from 29 May 1999 to 29 May 2007.

Bola Ahmed Adekunle Tinubu is not just into politics. He is a shrewd businessman that has big companies and business in Nigeria, London, and the United States. He owns the Nation’s newspaper, Oando, TVC radio, big hotels and properties in Ikoyi, VI, Lekki, and Ikeja, including the Oriental hotel in Victoria Island

He is the National Head of the All Progressives Congress party. He plays a major role in the affairs of the All Progressive Congress (APC) and gathered most of his wealth from his assets in Lagos State. He currently has a net worth billion, this makes him rank as one of the richest Nigerian politicians.

4. Atiku Abubakar [Net Worth: $5.7 Billion]

Born on the 25th of November 1946 in Adamawa State (formerly Gomgola), Atiku is one of the most successful businessmen in Nigeria. He was born to a not so rich family but rose to be a renowned politician in Nigeria.

Atiku Abubakar is a standout amongst the most celebrated Vice Presidents in Nigerian history. He filled in as the VP under Obasanjo’s routine from May 1999 to May 2007. He is additionally the presidential representative of the People’s Democratic Party in Nigeria in the year 2019 presidential elections.

Atiku has expanded business interests and has dozens of businesses under his control. Atiku Abubakar doesn’t just get his money from politics. He is the largest private employer of labor in Nigeria. He has close to 100,000 employees working for him. He is the owner of the American University of Nigeria, Yola (AUN) and Adama Beverages Limited, Yola.

He also owns an animal feed factory, over 30,000 hectares of land in Yola for agriculture, and a well-managed rice farm. Atiku’s net worth is estimated at $5 Billion.

4. Adams Oshiomole [Net Worth: $4.8 Billion]

Adams Oshiomole is not the most handsome Nigerian politician but he ranks as one of the richest politicians in Nigeria. He is the former Governor of Edo State where he served the state for 8 years (two-terms 2008 – 2016).

Oshiomole was the leader of the Nigerian Labour Congress and led a nationwide strike against the increase in the price of fuel and other petroleum products. This gave him the stage and popularity he needs to pursue his political ambitions.

Adams Oshiomole has an estimated net worth of $4 Billion. Adams Oshiomolee made most of his money between 2016 and 2019. He also has a multi-billion dollar mansion, 3 private jets, property abroad and shares in many multi-national companies.

5. Rochas Okorocha [Net Worth: $4.4 Billion]

Rochas Okorocha is a government official from Imo State, South-Eastern part of Nigeria and he has been noted as one of the richest politicians in the land.

Owelle Rochas Anayo Okorocha is one of the most renowned politicians in Nigeria. He is the former Governor of Imo State and the president of the Rochas Foundation. Rochas did not just become one of the richest Nigerian politicians overnight, He started business at a very early age in Jos where he was a roadside trader.

He was a rich diplomat before he joined governmental issues. He is the founder of the Rochas Foundation and owns other private business ventures. Rochas is accounted to be worth over 4 billion dollars.

6. Ben Murray Bruce [Net Worth: $4.3 Billion]

Born on the 18th of February 1956 to Margaret & Mullighan Murray-Bruce, both from Akassa in the Bayelsa State of Nigeria. He is one of the finest senators in Nigeria and represents the Bayelsa East Senatorial District in the National Assembly.

Ben was a leader form a very young age. before he founded the Silverbird group, he was director-general of Nigerian Television Authority (NTA) for 5 years. He is a very successful businessman, writer, philanthropist, and ideologist.

Today, Silverbird is one of the most famous media and entertainment companies in Africa. Ben is a genius and a self-made businessman. He is also one of the richest senators in Nigeria and has a net worth estimated to be over $4billion.

7. Ifeanyi Ubah [Net Worth: $4.3 Billion]

Ifeanyi Ubah aka Ebubechukwuuzo na Nnewihailsfrom Nnewi in Anambra state, Ifeanyi Ubah was already a multimillionaire before he wandered into legislative ambitions. He made most of his wealth when he was only 19 years. Ifeanyi Ubah is one of the richest Igbo men in Nigeria and one of the smartest businessmen from the eastern parts of Nigeria. Dr. Ifeanyi Ubah is the chief executive officer of Capital Oil and Gas Limited, one of the biggest oil companies owned by an African.

He has business interests in land matters, politics, oil and gas, transport and even purchased a football club. It is estimated that he has a total asset of about $4.3 billion dollars.

8. Rotimi Amaechi [Net Worth: $1 Billion]

Rotimi Amaechi was born on the 27 May 1965, he was Rivers state governor from May 2007 to May 2015 and the current minister of transportation. Are you looking for a politician that is swimming in oil? Then look no further than Rotimi Ameachi. In 1999, he won a seat in the Rivers State House of Assembly to represent his constituency.

Rotimi served as the governor of Rivers state from 2007 – 2015. He was also the general director of the Buhari’s 2019 re-election campaign.  Today, Chibuike Rotimi Amaechi is one of the most influential Politicians in Nigeria with an estimated net worth of $3 Billion.

9. Dino Melaye [Net Worth: $2 Billion]

Dino Melaye is a rich senator representing the people of Kogi East in the senate-house.  Dino Melaye is one of the richest politicians in Nigeria. This Former Kogi West Senator and a real car freak. Dino has a car fleet that consist of one of the most expensive cars in the world, the Bugatti Veyron which cost ₦616 million, 3 Roll-Royces that cost ₦428 million combined, Lamborghini Hurrican (₦86.7 million), 2 G Wagon, Bentley Continental (₦71 million)… and a multi-billion Nairamansion in Abuja.

He is a well-known vocal senator who speaks of “how awful Nigerian politics is”. Dino Mayele is currently Chairman of the Senate Committee of Abuja. He is currently Chairman of the Senate Committee of Abuja. Dino Melaye is one of the most influential Politicians in Nigeria with an estimated of about $2 billion.

10. Adamu Mu’Azu [Net Worth: $895 Million]

Adamu Mu’Azu was a former governor of Bauchi state and a retired governor, Mu’azu is among the richest politicians in Nigeria. Mu’azu is a Muslim, philanthropist, and father of nine children. In the 1999 gubernatorial election, Mu’azu won 56 percent of the vote and took office on 29 May 1999. He has a net worth that is close to a billion dollars.

Richest Politicians In Nigeria 2016 [FBI Official List]

Around 2016, the FBI released a list containing the names of some of the richest politicians in Nigeria and the bank where the funds were kept. Till today, none of the names on that list have been investigated by the EFCC. According to data gathered by the FBI, these are the names of politicians in Nigeria living big:

  • Rochas Okorocha – $1.4 billion
  • Kwankwaso – $1.15 billion
  • Shettima – $1.1 billion
  • Nyako – 805 million
  • Ibrahim – $798 million
  • Amaechi – $757 million
  • Abdulaziz – $626 million
  • Oshiomole – $625 million
  • Aregbesola – $513 million
  • Almakura – $510 million
  • Wamako – $476 million
  • Fashola – $448 million
  • Amosun – $442 million
  • Ahmed – $437 million
  • Ajimobi – $422 million

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