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[Groundwork] Top 10 Richest Politician In Nigeria

The list of the richest politician in Nigeria might be said to have been from as far back as the existence of corrupt politicians among the possibly hardworking ones.

In Nigeria today, if you tread the path of politics cunningly; time will soon see you on the list of richest politicians in Nigeria.

There is no denial politics is now one of the ways to become wealthy in the country, no wonder the list of the richest politician in Nigerian exists.

Although some started from the scratch and some were rich before putting a toe in to the political swimming pool, politics can proudly say it has given their businesses and bank accounts a boost they could not have gotten on their own.

The question now is ‘who is the richest politician in Nigeria?’

The Richest Politician In Nigeria

The richest politician in Nigeria is none other than Ibrahim Babangida.

1. Ibrahim Babangida

Ibrahim-Badamasi-Babangida - richest politician in Nigeria

He was once the “2nd Lieutenant of the Royal Nigerian Army” and later a ‘Lieutenant’ that became a Captain in the year 1968.

He became a Major General in the year 1983 and presided over Nigeria as Head of State between years 1985 – 1993.

He was a vibrant participant in some coups back then and famous for the $5 billion / June 12 election annulment.

He is not shy of embezzlement allegations or speculation as he is believed to have looted during his reign.

Despite all, he is still the richest politician in Nigeria today and none of the current richest governors in Nigeria today can stand his wealth.

  • Name: Ibrahim Badamosi Babangida.
  • Date of Birth: 17th of August, 1941.
  • State of Origin: Niger State.
  • Net worth: Can’t really be estimated.

Politics, they say, is a dirty game but has some returns that can earn you a seat on the list of the richest politicians in Nigeria…beguiling and its siblings get paid in this country’.

Some call them thieves, gerrymanderers, liars, but in all, they are equalized as politicians but quite the opposite when rating their net worth.

Let us face it, equality is a wish as nothing can be equal, this list of the richest politician in Nigeria has the ‘equalized politicians’ unequally set at different positions.

Still, none of these politicians can stand the wealth of Nigeria’s richest man – Aliko Dangote, as he’s not just the richest man in Nigeria but in Africa.

2. Ifeanyi Ubah ($1.7 Billion)

Ifeanyi-Ubah-Net-Worth - Nigeria's richest politician

The father of five is the CEO of Capital Oil and Gas Limited, one of the leaders in the oil and gas industry in Nigeria.

No wonder he is not found absent on the list of richest politicians in Nigeria. Oil money is no joke, is it?

He is an exporter of tires and spare parts in Ghana, Sierra Leone, Liberia, and Democratic Republic of Congo, including the United Kingdom and Europe.

Ifeanyi Ubah is the 2nd richest politician in Nigeria.

  • Name: Ifeanyi Patrick Ubah.
  • Date of Birth: 3rd of September, 1971.
  • State of Origin:
  • Net worth: $1, 700, 000, 000.

3. Olusegun Obasanjo ($1.6 Billion)

Rich man - Olusegun Obasanjo net worth

The father of twenty children, owner of the Otta Farms is not absent from the list of the richest politician in Nigeria.

  • Name: Olusegun Matthew Okikiola Aremu Obasanjo.
  • Date of Birth: 5th of March, 1937.
  • State of Origin: Ogun state.
  • Net worth: $1, 600, 000, 000.

He was a 2nd Lieutenant in the year 1959 and became a lieutenant the following year.

Prior to been the 12th president of Nigeria, he was a Head of State in Nigeria. He is the Balogun of Owu of Egba clan and the Ekerin Balogun of Egbaland.

Olusegun Obasanjo is the 3rd richest politician in Nigeria and one of the influential politicians in the country. He’s also one of the powerful Presidents that ever led Nigerians.

4. Rochas Okorocha ($1.5 Billion)

Rochas Okorocha - Rich politician in nigeria

He started his political career at the People’s Democratic Party in the year 1999. He later joined All Nigeria People’s Party in year 2003 after leaving PDP.

He returned to his first political party and left them again for Action Alliance in the year 2003.

Two years later, despite not leading on the list of the richest politician in Nigeria; Rochas came back to his roots.

Year 2013 saw him packing his bags again from home to join All Progressive Congress.

His questionable loyalty to PDP has not stopped him from being an investor in Oil and Gas, agriculture, importation and exportation, electric power, and some other aspects of the business.

He is also the founder of Rochas Foundation and one of the richest politician in Nigeria.

  • Name: Owelle Rochas Anayo Okorocha.
  • Date of Birth: 22nd of September, 1962.
  • State of Origin: Imo State.
  • Net worth: $1, 500, 000, 000.

5. Bola Ahmed Tinubu ($1.5 Billion)

Bola Ahmed Tinubu Fifth richest democrat in Nigeria

He is known as the Asiwaju of Lagos, Jagaban of the Borgu Kingdom and the 12th governor of Lagos state after succeeding Buba Marwa.

Also Read: All local government areas in Lagos

He was a former employee of Mobil Oil, a member of Social Democratic Party in the year 1992.

He was on exile for four years before returning to be a governor in year 1999 on the Alliance for Democracy party platform.

He was once described as ‘Nigeria’s biggest landlord’ by an AIT documentary show. He is very much present on this list of richest politician in Nigeria.

  • Name: Bola Ahmed Adekunle Tinubu.
  • Date of Birth: 29th of March, 1952.
  • State of Origin: Lagos state.
  • Net worth: $1, 500, 000, 000.

More List of Richest Nigerian Politicians Forbes List

So, those are the top 5. Here are other politicians that are filthy rich!

6. Atiku Abubakar ($1.4 Billion)

He is known to be very rich but he is not the richest politician in Nigeria.

The 11th and most popular vice president of Nigeria has never joined the leagues of Presidents of Nigeria despite several attempts.

He has been to Action Congress, Social Democratic Party, People Democratic Party, and All Progressive Congress all in a bid to become president of Nigeria.

The father of 28 children and husband to 4 wives is not threateningly the richest politician in Nigeria but has been said to be banned from travelling to the United States.

He is the co-founder of Intels Nigeria Limited, founder of Adama Beverages Limited, and the American University of Nigeria.

The persistent and determined politician and businessman was once a customs officer for 20 years before venturing into politics and business.

He believes in privatization and is the 6th richest politician in Nigeria and the Waziri of Adamawa.

  • Name: Atiku Abubakar.
  • Date of Birth: 25th of November, 1946.
  • State of Origin: Adamawa.
  • Net worth: $7, 000, 000, 000.

7. Orji Kalu ($1.1 Billion)

He started selling palm oil before migrating to furniture business then, establishing SLOK Holdings that has a presence in different sectors of the economy.

He is the chairman of SLOK Holding, Daily Sun Newspaper, and New Telegraph Newspapers.

He is one of the richest and powerful politicians in Nigeria.Orji Kalu is the 7th richest politician in Nigeria.

  • Name: Orji Uzor Kalu.
  • Date of Birth: 21st of April, 1960.
  • State of Origin: Abia State.
  • Net worth: $1, 100, 000, 000.

Also Read: Who are the top ten richest kings in Nigeria?

8. Adamu Mu’Azu ($895 Million)

He was once worked as a quantity surveyor in the Ministry of Health and as a project manager in the Ministry of Social welfare, Youth, Sports, and Culture in Kano state.

He was also the former property manager of Bauchi State Investments and Property Development Company.

He is the former governor of Bauchi state on two consecutive terms. Adamu Mu’azu is the 8th richest politician in Nigeria.

  • Name: Ahmadu Adamu Mu’azu.
  • Date of Birth: 11th of June, 1955.
  • State of Origin: Bauchi State.
  • Net worth: $895, 000, 000.

9. Dino Melaye ($800 Million)

The father of three and author of a book not well accepted is said to be outspoken. He is a proud owner of a number of exotic cars and a substantial number of properties.

Dino Melaye is the 9th richest politician in Nigeria.

  • Name: Dino Melaye.
  • Date of Birth: 1st of January, 1974.
  • State of Origin: Kano state.
  • Net worth: $800, 000, 000                         

Also check the latest info about the richest comedian in Nigeria

10. Rotimi Amaechi ($780 Million).

He is the former and 5th Governor of Rivers state between years 2007 – 2015. Rotimi Amaechi is the 10th richest Nigerian politician.

  • Name: Chibuike Rotimi Amaechi.
  • Date of Birth: 27th of May, 1965.
  • State of Origin:
  • Net worth: $780, 000, 000.

Richest Politician In Nigeria (Summary)

There you have my list of top 10 richest politician in Nigeria. So, what did you think of this list?

Many have argued that you can’t go into politics without being rich in the first place, as money is gonna do a lot of stuffs.

How true is that compared to other thoughts that politicians make most of their wealth in public office? Let’s have your comment in the box provided below.

Aurora Maikudi
Aurora is a contributing writer at Oasdom.com. With a deep interest in researching and finding solutions, Aurora hopes to share her work with all oasdom fans and visitors.

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