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Top 10 Richest Kings in Nigeria & Net Worth (2020)

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According to the Forbes rating, the current richest king in Nigeria is The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan. Below are the top 10 richest kings in Nigeria and their net worth.

1. Oba Obateru Akinrutan Net Worth $300 million

HRM Frederick Obateru Akinruntan

Obateru Akinrutan is the richest king in the country according to Forbes. This traditional ruler was born in 1950 and he rules over the Ugbo Kingdom and its people. This town is located in the Ilaje Local Government of Ondo State.

Rated among the billionaires monarch in the country, the investment of Oba Akinrutan ranges from oil and gas, real estate, etc. This businessman is the owner of Obat Oil, which he founded in 198. Today, this oil company has over 50 gas stations scattered across every geopolitical zone in Nigeria.

According to Forbes, Oba Akinrutan net worth is estimated at US$300 million, which ranks him the second richest king in Africa after king Mohammed and the wealthiest in Nigeria.

The monarch watch is said to cost $1 million and he also holds the record as first black person to buy a 2014 model of Bentley automobile. Obateru currently has other cars but drives a custom built 2012 Rolls Royce similar to the royal Queen Elizabeth II vehicle.

2. Obi of Onitsha Net Worth $50 million

Obi of Onitsha, Nnaemeka Alfred Ugochukwu Achebe

Another wealthy monarch in the country worthy of mention is the current Obi of Onitsha, Nnaemeka Alfred Ugochukwu Achebe. He is worth $50 million financially and he is one of the first-class traditional rulers in Nigeria.

Before he was crowned the Obi, he occupied various top positions such as being an executive director at Shell Petroleum Development Company, working as one of the top figures in the banking sector and also served as the chancellor of Ahmadu Bello University.

3. Sultan of Sokoto Net Worth $100 million

Sultan Muhammadu Sa’ad Abubakar IV is one of the richest kings in Nigeria and is also a first-class traditional ruler who is highly respected and powerful in the northern part of the country. He is also considered as the spiritual leader of the Muslims residing in the country today.

He has lots of assets, investments and has occupied various revered positions in the country. As of present, the Sultan of Sokoto is the chairman of the Nigerian Council of Traditional Rulers and the head of the Nigerian National Supreme Council for Islamic Affairs (NSCIA).

Before he ascended the throne as the 20th Sultan of Sokoto Caliphate, he served in the military as a Brigadier-general. It was after the demise of Sultan Maccido in 2006, that he was chosen to take over the throne of his forefathers.

4. Emir of Kano Net Worth $80 million

The former Emir of Kano estimated net worth is $80 million as he has numerous businesses, assets and financial investments that we might not be aware of. The former Emir, Lamido Sanusi Lamido is a popular monarch in Nigeria whose achievements in the economic sector speaks for him.

Prior to his ascension to the throne as the 11th Fulani Emir of Kano, he was the former governor of the Central Bank of Nigeria whose policies saw to the valuation of the county’s currency and stability of the economy.

Time magazine in 2011 listed the Emir among the top 100 most influential people in the world due to his outspoken nature to issues. Lamido Sanusi was also honoured in 2013 at the Global Islamic Finance Awards (GIFA) in Dubai for his role in promoting Islamic banking in Nigeria.

According to the Emir, he revealed that his yearly salary from the federal government is N14 million. As earlier stated, he has other assets and investments that makes him a wealthy traditional ruler.

He was removed by the Kano state government and has been replaced by His Royal Highness, Bayero

5. Alaafin of Oyo Net Worth $40 million

While the tussle as to who is the greatest between the Alaafin of Oyo and the Ooni of Ife rages on, note that this first class traditional ruler is the second richest king in Yoruba land. Lamidi Olayiwole III is the current Alaafin of Oyo who was crowned in 1970.

Before he became the Alaafin, he was and is still a business man. He served as an insurance clerk to a firm and he was also engaged in boxing. For a maximum of 12 years, he was the Chancellor of the University of Sokoto. The Alaafin of Oyo one of the most powerful monarchs in the country especially to the Yoruba speaking community.

6. Ooni of Ile-ife Net Worth $70 million

The most powerful king in Yoruba land according to most scholars is Oba Adeyeye Ogunwusi Eniitan who is the current Ooni of Ife. This first class Nigerian traditional ruler was born in 1974 and was crowned Ooni of Ife in 2015 after the death of his predecessor.

Oba Adeyeye ranks among the respected rulers in the world and is also very educated. Graduating with distinction in accounting from Ibadan polytechnic, he is also one of the top members of the Institute of Chartered Accountants of Nigeria and the Chancellor at the University of Nigeria.

7. Olu of Warri Net Worth $30 million

The current Olu of Warri Kingdom, Godfrey Emiko is also one of the richest kings in Nigeria worth $30 million dollars. He became king of the Itsekiri speaking people after the death of his elder brother, Ogiame Atuwatse II.

The Olu of Warri is one of the most powerful traditional rulers in the Niger-delta region of the country known to have crude oil and gas as their main natural resources.

8. Oba of Benin Net Worth $60 million

The Oba of Benin is the traditional ruler of the ancient Benin kingdom and the Edo speaking people. He is regarded as the most powerful king in Nigeria whose influence in national matters cannot be underestimated.

The current 40th Oba of Benin is Ewuare II Eheneden Erediauwa. Born in 1953, Ewuare II became ruler and was crowned the Oba of Benin on 20th, June 2016. He had most of his education in the United Kingdom and also in the United States.

The Oba of Benin net worth is estimated at $60 million with other investments and assets to his name.

9. Oba of Lagos Net Worth $40 million

Oba Rilwan Babatunde Osuolale Aremu Akiolu of Lagos is one of the richest kings in Nigeria with an estimated net worth of $40 million dollars. Before his ascension to the throne, he graduated from the University of Lagos, bagging a Bachelor of Laws degree (LL.B).

He also served in the Nigerian Police Force for 35 years before attaining the status of AIG, i.e Assistant Inspector General of Police before his retirement in 2002. His palace is said be worth N2 billion and the Oba of Lagos is also a first class traditional ruler and one of the most powerful kings in Africa.

10. Deign of Agbor Net Worth $10 million

Eze Benjamin Ikenchuku Keagborekuzi sits on the throne as the Dein of Agbor. He holds the record as the youngest king in the world to have entered the Guinness Book of Records.

He became ruler at the age 2 and has been on the throne since then. He is the last on our ranking of richest kings in Nigeria.

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What is NIN number in Nigeria?

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According to Wikipedia, a national identification number, national identity number, or national insurance number is used by the governments of many countries as a means of tracking their citizens, permanent residents,  permanent residents, and temporary residents for the purposes of work, taxation, government benefits, health care, and other governmentally-related functions. The number appears on identity documents issued by several countries.

Below are 7 things you need to know about the NIN in Nigeria

  1. The NIN is your assured digital identity
  2. The NIN is a set of 11 numbers assigned to an individual at the completion of enrolment into the national identity database
  3. The NIN is cannot be transferred from one person to another
  4. The NIN is used to verify your identity as a citizen
  5. Your NIN is what identifies you and can suffice for ID purposes
  6. The NIN is for life, it does not expire
  7. The NIN is a must – have for all citizens

Visit http://nimc.gov.ng/ for more details

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Nigeria @ 60: 10 Reasons why Nigerians must celebrate by Olumide Toyinbo

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Nigeria Independence Day Celebration Image

Nigeria gained Independence from the Great Britain on 1st October, 1960. Ever since then, October 1 has been set aside to celebrate the nation for its freedom from the shackles of colonialism. 2020 is the 60th time Nigeria will be marking the day.

A majority of Nigerians are not happy about the state of the country and suggest that no one should celebrate Nigeria at sixty years of age. Corruption in governance, unemployment, inadequate social amenities, kidnapping and many other breaches of sanity steal the atmosphere of the nation.

Amidst all, these ten reasons posit why Nigerians must celebrate and merry on this day, 1st October, 2020.

They include:

  1. There is hope for Nigeria

Hope is not finished for Nigeria. Nigerians can still have progressive dream for their dear country, whether such dream translates to reality in due time is another thing. Nigerians contesting political positions can come with promises of change and development every four years. There can be better days ahead if conscious and right efforts are made. Nigeria can be better.

Read Also: [Full Text] President Buhari’s Independence Day Speech

  1. Nigeria is sovereign

If Nigeria were still dependent literally on another country, Nigerians would definitely be under external control too. Colonialism is not a thing to wish for. The fact that Nigeria is independent is worth celebrating. Nigeria has the free political will which she guard jealously and being held in high esteemed by other countries.

  1. Nigerians are doing well

Nigerians are doing well and making the nation proud within and outside the country. Nigerians are hustling in an innovative manner and engaging in legitimate ventures they find worth doing, be it business, research, production, governance, diplomacy amongst other things. Many distinguished persons are making Nigeria proud even though few some still put her in bad light. Recently, a Nigerian, Kaycee Madu was made  first Black Canadian Justice Minister, this is a pointer to how well Nigerians are doing in disapora.

  1. Nigeria is not in wartime

War is not fun. Those who witnessed the civil war of 1967 to 1970 will always have unpleasant tales to tell about the war which was characterised by colossal loss of lives and valuable properties. Nigeria at 60, we are in the peacetime, the rule of law is obtainable and right to life is not outrightly threatened, for this Nigeria must celebrate, notwithstanding the fact that Nigeria can do more in this regard.

  1. Abundance of Resource abound

Despite mismanagement and underutilisation of resources Nigeria is blessed with by caretakers, those rich natural resources have not vanished the land. Oil still flows, limestone, iron ore and marbles have not been used up, plants still grow generally in the country, many other resources abound. Nigerians must celebrate her national pride.

  1. Diplomatic ties are not severed

The sixty year old nation enjoys good relationship with countries around the world. Conflicts with any nation are well resolved before escalation. Worthy of mention is the recent issue of flight ban between Nigeria and UAE which was settled in due course. The wonderful relationship with other nations has led to great development in the nation via financial aid, infrastructures, medical facilities supplication, scholarships and lot more other benefits.

  1. Nigeria remains the Giant of Africa

Nigeria remains the Giant of Africa against all odds. Nigeria has got the number being the most populous Black nation in the world. She has one of the largest economy in the developing world. For her diversity, heterogeneity and abundance of resources, Nigeria remains the giant of Africa. This has forever remain an identity that won’t fade, Nigerians need to celebrate for that. Many other nations want to be called Giant.

  1. Nigeria’s beautiful Culture persists

Awesome culture is an interesting part of being Nigerian. Every tribe has its fantastic way of life. Culture is beautifully diverse. Nigeria has numerous clothing manners, sense of fashion, building styles, delicacies amongst other things. Despite sixty years of independence, those culture of awesomeness tarry. Nigerians must celebrate this.

  1. Nigeria is a country with funny and happy people

So many hilarious persons domicile in the Giant of Africa. Nigerians love to make one another happy. A good number has turned it to a venture making huge amount for them. This lay emphasis on Nigerians’ innovative prowess. A scroll through any social media platform is enough to confirm that. Nigerians are deliberately happy people despite all what they face.

  1. Independence day is once in a year

1st October comes only once in a year. Celebrate Nigeria on this day and hope for better days ahead while doing your part diligently.

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15 Types Of People You’d Meet In Nigerian Banks

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When it comes to temperament, there are basically four kinds of people on earth, but when behaviours are in play, you can be sure there is a plethora of them. If you bank regularly, you will easily relate to the things on this list. You must have encountered one or more of this kind of people in a bank, they are everywhere and can really get on one’s nerves. Check them out.

1. The Pen Borrowers

pens-005

It won’t hurt if every Nigerian will spend N20 to acquire a pen rather than borrowing one in a bank which they usually fail to return. Once you lend out your pen to these borrowers, you have to close mark them else your pen is gone for good. It’s either you won’t recognize the person again or he will tell you “sorry I gave it to the woman over there” when you finally fish him out. Pen borrowers would not bring a pen to the bank but would go home with more than one, this is why most banks attach a rope to their pens. To think that these banks do not trust customers with a common pen, while the customers trust them with their life savings, is alarming.

2. The People Who Always Forget to Drop The Duplicate Slip

It’s either they are in a hurry or are a novice to the banking procedure. These set of people after their transactions will just march out of the banking hall, pink slip in hand. Then later rush back to drop it or complain about an unsuccessful credit transaction which is most often their fault. They raise their voices in their ignorance and succeed in attracting the attention of virtually everyone in the hall.

3. The Ghost Queue Members

queue_2

Also known as “I’m behind you” people, these types are really annoying. The first thing they do when they enter a bank is to pick a spot in the queue before going to get deposit/withdrawal slip. Just when other faithful queue members are about to get to the front, their ghost colleagues show up to claim reserved spots. It gets funny at times when about ten people would tell one person “I’m at your back,” only to come back to see other ghost members claiming the same spot. At the end of the day, this causes confusion and if the bank officials do not intervene it may result in a serious fracas.

4. The Queue Jumpers

These ones are worse than the former, they don’t believe in the Nigerian phrase – first come, first serve. They walk into the banking hall and head straight to the counter as though the people in the queue permanently live there. The rich and influential do this a lot, but it will only be courteous for them to seek permission from the people behind them before jumping the queue. Even President Obama once jumped a queue apologetically at a barbecue joint in Texas, he even went ahead to buy lunch for the family whose spot he took. Some other people jump queues systematically by giving the person in front their money to help them pay in.

5. The Bank Door Rejectees

inside-bank-6

Sometimes it’s the people at fault and other times the stubborn door that would not let them in. These people will always have a problem with bank doors, and before you know it they will start stripping off their belts, keys, mobile phones, umbrella, pieces of jewellery and of course, weapons if they have any.

6. The Wealthy Customers

These people can take forever in a bank with huge amounts of money, making other customers with little money wait for hours before doing their transactions. It also happens during ATM withdrawals, this kind of customer will keep withdrawing until the person behind him who probably has just N5,000 in his account would plead with him not to bankrupt the machine. Nigerians are good at bad mouthing though, ‘Oga you wan finish the money?”

7. The Slip Wasters

It’s amazing how people can make silly mistakes on slips as though they were writing JAMB. This kind of people can waste slip, they keep cancelling, tearing, squeezing and taking another one. The most difficult part is writing the amount in words, they just keep rewriting the word version of N8735 to get the most accurate spelling.

Check Out: I Can Date Your Daddy, Stop Playing With Me” – Omohtee Warns Ladies

8. The Trouble Makers

The best thing is to avoid these type because any slightest comment or contribution will aggravate their anger. They come to the bank to fight the manager and any other person that crosses their path. They are the ones who right from the entrance start lamenting about how the ATM debited them without paying, and how the bank must revert their money else they would close down the account.

9. The Waiting Thief

bank thief

If you are sensitive you will notice that not everyone that comes to the bank is a customer. Some are there to monitor customers who leave with big money and then follow them outside to steal from them. You will see them hanging around without doing any transaction, just looking around and passing information with their mobile phones to their colleagues outside even though they know it is not allowed to use your mobile phone in the banking hall.

10. The Exile Men

These set of people probably just woke up from 1999, and usually do not remember the date. They will ask you for today’s date and even after you tell them the correct date, they will ask someone else to confirm.

11. The Rest Room Users

restroom2-1030x360

The only reason they come to the bank is to use the restroom not to deposit, withdraw or inquire. They would walk in majestically, pick a slip from the counter and then pretend to be filling it while trying to locate the restroom with their eyes. Once their bowels have been emptied, they squeeze the slip and head out of the bank feeling relieved and happy with themselves for a successful mission.

12. The Idle Bankers

This applies mostly to ladies that have no business in the bank and they are not thieves either. It’s either they accompanied someone to the bank, or they just came in to pass time and enjoy the chilling atmosphere. Some very idle people go to the extent of spending an hour in a bank doing the following; queue up to withdraw money from their account, join another queue after withdrawing to deposit the same money into the same account. How pathetic can they be?

13. The Meticulous Counters

NAIRA-MONEY

This group of people do not want to hear that their hard earned money was short of a note after they leave the bank, so they would take hours still on the queue, counting and confirming every single note.

14. The Questionnaires

You would find mostly teenagers and older people as human questionnaires in a bank. They would ask you about everything in the bank and where to fill in their details. The only thing left is for them to ask you to help spell their name.

15.  The Perverts

These are the rarest but most irritating people you would find in a bank. They are mostly guys and would always want to queue behind or in front of a lady (a well endowed one). Basically, their aim is to feed their eyes with boobs/butt. If possible, they would occasionally brush their hands over it and then say “sorry, it was a mistake.” How are we sure it wasn’t a mistake? It keeps happening!

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