Last Updated on August 22, 2020

7 Richest Politicians in Nigeria


Politicians are meant for public service in any country. People generally elect politicians so that they can serve them well and because people can relate themselves with the politicians. While there is a good mix of different politicians according to their financial status in the world, Nigeria is no different. We are going to inform our audience about the richest politicians in Nigeria.

With a GDP per capita income of around USD $1968, Nigeria has many rich politicians.

From the expensive cars to the private jets and gigantic mansions, the rich politicians of Nigeria possess a huge list of expensive properties and belongings.


Please find below to explore the lucrative lifestyle and the wealth accumulation of the richest politicians in Nigeria.

List of the richest politicians in Nigeria

Chief Bola Ahmed Tinubu

With the net worth of around USD $8.4 billion, Chief Bola Ahmed Tinubu is the richest politician not only in Nigeria but all over the world.

He served as the Governor of Lagos State for almost 8 years and is the National Leader of All Progressive Congress Party.

He is still active in the politics of Nigeria and aims to hold the highest chair in Nigerian politics in the coming elections.

Being one of the richest persons and politicians in Nigeria, Tinuba is not free from allegations and corruption charges.

Many scandals have been revolving around his name that includes tax evasion, money laundering, fraudulent activities, misuse of power, and drug trafficking.

Tinubu owns many expensive and large properties in Nigeria worth billions including a highly expensive mansion at Bourdillon drive that is worth 5 billion nairas.

He has a good taste of keeping expensive and luxurious vehicles also.

Among his many bulletproof cars, he owns Mercedes Benz, Range Rover, and Lexus.

He also owns a private jet that is worth USD $60 million.

Ibrahim Badamosi Babaginda

Having an estimated net worth of around USD $5 Billion, Ibrahim Badamosi Babaginda who is famously nicknamed as IBB is second on our list of the richest politicians in Nigeria.

He has enjoyed top seats in Nigeria.

Served as the Chief of the Army Staff and the President of Nigeria too.

Babaginda was considered to be very strict with his rules.

2.	Ibrahim Badamosi Babaginda
AFP PHOTO DOMINIQUE FAGET (Photo credit should read DOMINIQUE FAGET/AFP/Getty Images)

IBB has been the main person behind the major military takeovers in Nigeria on account of the use of powers.

Among his huge list of properties and wealth, his shares in the Nigerian companies and abroad are notable.

IBB owns one of the most expensive mansions in the whole of Africa which makes him a notable person not only in Nigeria but in the whole continent.

He also owns a private jet that is worth millions of nairas.

Ifeanyi Ubah

With a net worth of whopping USD $1.7 Billion, Ifeanyi Ubah is also among a very few politicians who did not make use of their political posts to become billionaires.

He was already a well-established businessman before even entering into politics.

He has multiple businesses and is widely regarded as one of the youngest millionaires in Nigeria because of being a millionaire at the age of nineteen.

His huge list of businesses includes a Football club, oil and gas, real estate Company, spare Parts company, and Transportation company, etc.

He has been considered as the true inspiration for the youngsters in Nigeria who consider him as their role model for being successful.

He is widely expected to become the governor in the upcoming elections.

Olusegun Obasanjo

With a net worth of around USD $1.6, Olusegun Obasanjo is also one of the richest politicians in Nigeria.

Served the elected president of Nigeria after the military coups were over.

Obasanjo is considered as the pro-democracy person.

He also holds many properties and shares in the businesses in Nigeria and abroad.

His major investments are reported to be in poultry businesses and oil and gas.

His businesses are spread all over Africa and he is considered influential in Western countries as well.

Among his extensive list of properties and luxurious cars, OBJ also likes to travel in private jet and helicopter that he owns and both are worth millions of dollars.

Rochas Okorocha

He has a net worth of USD $1.4 billion and is among a few politicians in NIgeria who were rich before they even jumped into politics.

Rochas Okorocha was involved in many businesses before coming to politics.

Ran a non-profit organization that worked for the prosperity of the poor children. 

He has a rich collection of around 8 highly expensive vehicles including famous brands like Mercedes Benz and Rolls Royce.

He is also fond of traveling in is private jets.

That is why he is reported to have 3 private jets.

Atiku Abubakar

Atiku Abukar’s net worth also hovers around USD $1.4 billion.

He had served as the vice president of Nigeria under the command of OBJ. among his many businesses, media, customs, beverages, and education.

His name had been circulating in the money laundering cases and many other scandals.

He owns multiple expensive and luxurious cars including Lexus, Range Rover, Mercedes, and Land Cruisers.

In addition to these famous brands of vehicles, Atiku Abubakar also owns private jets.

Orji Uzor Kalu

With a net worth of around USD $1.1 Billion, Orji Uzor Kalu is the last billionaire on our list of richest politicians in Nigeria.

He runs multiple businesses as well.

Also enjoyed the top positions in some of the Nigerian institutions.

Among the huge list of his Range Rovers and Mercedes, he has as many as 6 private jets.

Another news was circulating recently that he had bought 7th private jet but it is not confirmed yet. 

He also owns expensive mansions that are very costly worth millions of dollars.

Richest Politicians in Nigeria Summary

The list and details regarding the richest politicians in Nigeria are tentative and the information provided in this article has been gathered by careful research.

The wealth and the net worth of the above-mentioned politicians may fluctuate but the best available information has been shared in this article.

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