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Top 10 Richest Politicians In Nigeria And Their Net Worth (2020)

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4 years ago

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Former Nigeria President Olusegun Obasanjo

Nigeria politicians are very wealthy and are among the most influential group of people in the nation. They are also rich because their political power comes with monetary benefits whether they are  senators, governors or even presidents. Most former political leaders of Nigeria like ex-governors also get fat pension after leaving office.

Read Also: Top 10 Largest Evangelical Church Auditoriums in the World (2020)

In no particular order, Ekomiami list the top 10 richest politicians in Nigeria and their net worth for 2020.

1. Olusegun Obasanjo Net Worth $1.8 billion USD

Olusegun Obasanjo is an influential Nigerian politician who served as president of the Federal Republic of Nigeria for two terms.  He was Nigeria head of state after Muritala Muhammed assassination and handed over to civilians shortly after he became head of state. As at that time, he was a army general shortly before his retirement.

Obasanjo also served as the Federal Minister of Petroleum Resources from 1999 to 2000. From 1974 to 1975, he was the Federal Commissioner for Works and Housing. He holds a PhD in Theology from National Open University of Nigeria (NOUN).

Obasanjo was imprisoned during the Abacha regime. He is still very much influential in the Nigerian political space. Obasanjo’s net worth is currently estimated at $1.8 billion US dollars.

2. Bola Ahmed Tinubu Net Worth $1.5 billion USD

Bola Tinubu is one of Nigeria’s richest politicians and a former governor of Lagos State, holding office from 1999 till 2007. He is also the Asiwaju of Lagos and the Jagaban of the Borgu Kingdom. He is 68 years old and a staunch member of the All Progressive Congress.He was elected to the Senate, representing the Lagos West constituency in the short-lived Nigerian Third Republic.

Tinubu had a successful career at Deloitte and Touche, before proceeding to work with General Telephone and Electronics (GTE)and finally working at Mobil, United Kingdom before he relocated back to Nigeria. In 1983, Tinubu relocated back to Nigeria and resumed work with Mobil Nigeria where he started off as an auditor rising to the position of treasurer all before venturing into politics in Nigeria.

The Jagaban of Borgu Kingdom is married to Oluremi Tinubu, a serving senator in the country. Bola Tinubu is the most powerful politician in Nigeria who masterminded the removal of an incumbent president from office. Tinubu’s net worth is estimated at $1.5 billion US dollars.

3. Rochas Okorocha Net worth $1.4 billion USD

Rochas Okorocha served as a governor of Imo State for two terms. He is regarded by some as the richest politician in Nigeria because he was a successful Igbo businessman before he entered into politics.Rochas was a Commissioner on the Federal Character Commission and a member of the National Constitutional Conference before serving as governor.

In 2001, his foundation Rochas Foundation birthed Rochas Foundation College, which today, has campuses across the Federation. Interestingly, the college offers free education to Nigerian students irrespective of tribe or race.He is 57 years old and has been influential in the south east. Okorocha’s net worth is estimated at $1.4 billion US dollars when you add up his assets, businesses and investments.

4. Rabiu Kwankaso Net Worth $1.15 billion USD

Rabiu Kwankaso is a former governor of Kano State who held office for two terms. He is among the influential politicians from the North. He was also a Defense Minister during Obasanjo’s regime and was also the Deputy Speaker of the House of Representatives from August 1992 to December 1993.

Kwankaso is 63 years old and is married to Salamatu. He is currently a senator from Kano Central and his net worth is estimated at $1.15 billion US dollars.

5. Kashim Shettima Net Worth $1 billion USD

Kashim Ibrahim Shettima is a wealthy Nigerian politician and former governor of Borno State. He is a member of the All Progressive Congress, the ruling party in the country. He holds a B.Sc in Economics and a Masters Degree in Agricultural Economics from the University of Ibadan.

Having worked as a lecturer from 1991-1993, Shettima loves reading books and has been awarded as the governor of the year by several organizations. He also worked in the banking sector in 1993 till around 2007 where he rose to become the General Manager of Zenith Bank. He is a Muslim and has three children from his wife, Hajia Nana Shettima.

6. Rotimi Amaechi Net Worth $757 million USD

Rotimi Amaechi was the former Speaker of the Rivers State House of Assembly from 1999 to 2007. Amaechi is also a member of the APC. He is Catholic by faith and a Commander of the Order of the Niger(CON). He graduated from University of Port Harcourt with a BA in English Language.

Rotmi Amaechi was the former governor of Rivers State and the incumbent minister of transportation in the Buhari’s administration. Amaechi is 53 years old and married to Judith Amaechi with children. Rotimi Chibuike Amaechi served as governor of Rivers State from 2007 to 2015, and he’s currently the Minister of Transportation in Nigeria. He was born on 27th May, 1965.

During his tenure as Rivers State governor, Rotimi Amaechi’s net worth was estimated to be $757 million.

7. Adams Oshiomole Net Worth $625 million USD

Adams Oshiomole is a rich Nigerian politician from Edo State, Nigeria. He was the former governor of Edo State and also the former president of the Nigerian Labour Congress (NLC).He had previously served as the president of Nigeria Labour Congress from 1999 to 2007 and had been executive governor of Edo state from 2008 to 2016. He 

Oshiomole is an influential member of the All Progressive Party whose net worth is estimated at $625 million dollars. He was the national chairman of the APC until his suspension as the chairman was upheld by the the court of appeal.

8. Atiku Abubakar Net Worth $900 million USD

Atiku Abubakar is a very rich politician in Nigeria who served as the Vice president during the Obasanjo’s administration. He is from Adamawa state and a member of the People’s Democratic Party.

Atiku Abubakar was also a former comptroller general of the Nigerian customs and his net worth is estimated at $900 million dollars.

9. Babatunde Fashola Net Worth $448 million USD

Babatunde Fashola is the 13th governor of Lagos State who was in office from 2007 to 2015. He is presently the Minister of Power, Works & Housing. Fashola is 55 years old and married to Abimbola Emmauella Fashola, a union blessed with children.

He is a card carrying member of the All Progressives Congress (APC) and one of the most educated politician in the country that is influential. Fashola studied Law at the University of Benin and graduated in 1987 and proceeded to law school finishing law school in 1988. Babatunde Fashola is a Senior Advocate of Nigeria (SAN). He previously worked actively as a lawyer at various law firms before politics.

Read Also: Lai Mohammed Biography & Net Worth (2020)

He worked on several projects as the governor of Lagos State before the completion of his tenure. Babatunde Fashola was also Chief of Staff and Honourable Commissioner for Asiwaju Bola Ahmed Tinubu while he was in office. He also held several political positions before becoming the governor of Lagos State.

Fashola was the best governor in the country while he was still serving as Lagos State governor, this led to his electionfor a second term due to his performance. Babatunde Fashola’s net worth is estimated at $448 million.

10. Ibikunle Amosun Net Worth $442 million USD

Ibikunle Amosun is last on our list of richest politicians in Nigeria. He is a former governor of Ogun state after serving his tenure. He was the Senator for Ogun Central from 2003 to 2007.

Ibikunle Amosun won his first election as Ogun State governor, as a member of the Action Congress of Nigeria (ACN). He however became Ogun State governor a second time as a member of the All Progressives Congress.

Ibikunle Amosun achievements as governor has been acknowledged by many Nigerians. He has won several awards due to his contributions in the Nigerian political scene. Ibikunle Amosun’s net worth is estimated at $442 million US dollars.

The Richest Governor In Nigeria Is Seyi Makinde With Net Worth ₦48 Billion

Seyi Makinde is the  governor of Oyo state under the Peoples Democratic Party. Hs latest public asset declaration was at ₦48 Billion which he recently revealed in 2019 in accordance with the law. Governor Makinde owns the following companies: Makon Engineering and Technical Services Limited, Energy Traders and Technical Services Limited, Makon Oil and Gas Limited, Makon Group Limited, Makon Construction Limited and Makon Power System Limited. He invested in oil and gas, power, construction and engineering.

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Politics

Breaking: UAE lifts visa ban on Nigerians

Published

6 months ago

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July 15, 2024

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Tinubu and Uae ambassador

In a significant development, the United Arab Emirates (UAE) has officially lifted the visa restrictions that were previously imposed on Nigerian travelers. This announcement came from the Minister of Information and National Orientation, Mohammed Idris, following a Federal Executive Council meeting chaired by President Bola Tinubu.

“I can tell you that the agreement has been reached and effective from today, Nigerian passport holders intending to travel to the UAE are able to do so,” Idris confirmed.

The lifting of these restrictions marks the end of a prolonged diplomatic dispute between the two nations. The UAE initially imposed the visa ban due to several unresolved issues, including financial disputes. Notably, Dubai’s Emirates airline had suspended flight operations to Nigeria over the Central Bank of Nigeria’s inability to remit an estimated $85 million in revenue to the UAE.

In June, after extensive negotiations, the Nigerian government reassured its citizens that the visa ban would soon be lifted. The government also announced that it had paid 98% of the $850 million owed to the UAE, paving the way for this positive outcome.

Further details on the agreement will be provided later today, as mentioned by Minister Idris. This development is expected to strengthen bilateral relations and promote travel and trade between Nigeria and the UAE.

Stay tuned for more updates as the full details of the agreement are released. For now, Nigerian travelers can start planning their trips to the UAE, free from previous travel restrictions.

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Politics

I’m leaving PDP for APC – Gov Umahi of Ebonyi State

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4 years ago

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November 11, 2020

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The Governor of Ebonyi State, Dave Umahi, told the national leadership of the Peoples Democratic Party in Abuja on Tuesday that he was leaving the party.

He said he would join the ruling All Progressives Congress which he claimed would protect the interest of the South-East in the 2023 elections.

Our correspondent gathered that Umahi told the members of the National Working Committee of the PDP that his decision to join  the APC was irrevocable.

The members of the PDP NWC, who were led to the meeting by its National Chairman, Prince Uche Secondus, were said to have tried in vain to convince the governor not to abandon the party.

Apart from Secondus, among those that were at the meeting at the Ebonyi Governor’s Lodge in Abuja were Deputy National Secretary, Agbo Emmanuel; National Organising Secretary, Austin Akobondu; Financial Secretary, Abdullahi  Maibasira;  National Women Leader, Mariya Waziri  and Senator Sulieman Nazif.

The governor was said to be friendly when he received the PDP delegation, but stuck to his decision to leave the PDP when the issue came up.

It was gathered that the PDP delegation impressed it upon the governor that there was no need leaving the PDP for the APC, which they argued had become unpopular.

Sources at the meeting, however, said the governor was not convinced, insisting that  the APC was planning to zone the 2023 Presidency to the South-East.

He was said to have promised to stay in the PDP if the party could make a pronouncement that it would zone the Presidency to the same zone.

One of the sources said, “I think his (governor’s) mind was made up. We told him there was no need for him to abandon the party that had made him a deputy governor, state chairman of the party, two-time governor and all that. But he refused.

 “He wanted us to unilaterally zone the office of the Presidency to his area. We cannot do that. Parties are not run that way. He told us he was leaving. That is what we got from him.’’

When contacted, Secondus confirmed that the party’s leadership met with Umahi.

 He, however, refused to declared the details of the meeting, insisting that the meeting was on ‘‘national issues.’’

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Crime

We Spent ₦2.2 Billion On Prayers Against Boko Haram – Adariko

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4 years ago

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November 11, 2020

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An Economic and Financial Crimes Commission investigating officer, Adariko Michael, on Tuesday, alleged that N2.2 billion was spent on prayers in Nigeria and Saudi Arabia to win the war against Boko Haram insurgency in Nigeria.
Mr. Michael was giving evidence as the first prosecution witness (PW1) in the trial of Sambo Dasuki, former National Security Adviser (ONSA) to President Goodluck Jonathan, in the alleged two billion dollars arms deal fraud.

Others charged with Mr. Dasuki, a retired colonel, are a former General Manager with the Nigerian National Petroleum Corporation (NNPC), Aminu Baba-kusa, Acacia Holdings Limited, and Reliance Referral Hospital Limited.

The EFCC charged them with 32 counts bordering on misappropriation, criminal breach of trust, dishonest release and receiving various sums of money before Husseini Baba-Yusuf.

Led in evidence by the EFCC counsel, Rotimi Jacobs, Mr Micheal said N750 million was allegedly transferred from the ONSA special account to Reliance Referral Hospital Limited’s account with First Bank.

He added that N650 million was also transferred to Acacia Holding Limited’s account with EcoBank, while another N600 million and N200 million were transferred to the company’s account with UBA.

“Between September 27, 2013, and April 16, 2015, N50 million was credited to Reliance Referral Hospital’s account.

“Based on responses from the banks involved, as investigating officer, we found out that money was transferred to several individuals and companies.

“When we went through the account statement, we asked the second defendant (Aminu Babakusa) the reason for this.

“He informed us that the money was used to hire clerics to pray for the nation as regards Boko Haram crisis.

“When we asked him to provide the names, contacts and phone numbers of the clerics he hired to pray for the nation, he mentioned only two,” he said.

Mr Dasuki spent four years in detention, following his arrest in 2015 over alleged misappropriation of N2.2 billion meant for arms purchase during his time as National Security Adviser to former President Goodluck Jonathan

After the Federal Government had consistently failed to honor court orders granting him bail, including an ECOWAS court judgment in 2016, he was finally released on December 24, 2019

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