Politics is regarded as a dirty game and those who play it are called politicians. Politicians are people who play active politics and also hold public offices either by election or by appointment.
Whatever the situation may be, it’s now crystal clear that politics in Nigeria is more lucrative than oil business.
Whenever a politician assumes office in Nigeria or in other African countries, he or she is largely expected to become wealthy after leaving office.
A lot of people accuse politicians of embezzlement of public funds, whatever the case may be, the fact still remains that some of these politicians are among the richest people in Nigeria.
1. Ibrahim Babangida – Net Worth: $5 Billion
Ibrahim Babangida is one of the most popular politicians in Nigeria and definitely one of the richest. He was the former military president of Nigeria. IBB was also famous for the annulment of the June 12 election that MKO Abiola win in 1991. IBB is said to be worth billions of dollars. IBB is estimated to have a net worth of about $5billion dollars.
2.Ifeanyi Ubah – Net Worth of $1.7 Billion
Ifeanyi Ubah was already a multimillionaire before he ventured into politics. According to sources he made his first million as a teenager when he was just 19 years.
He hails from Nnewi in Anambra state and is among the richest politicians in Nigeria. He has business interests in exporting spare parts, real estate, oil and gas, transport, he even bought a football club and named the club Ifeanyi Ubah FC. He currently has an estimated net worth of $1.7 billion dollars.
3.Olusegun Obasanjo – Net Worth of $1.6 Billion
Olusegun Obasanjo popularly called ”OBJ” or ”Baba” is one of the richest politicians in Nigeria, he hails from Ogun state Nigeria. The veteran politician owns the Otta Farms and other businesses and investments in the country, it’s also rumored that he has some oil blocks and some stake in MTN Nigeria. Obj was Nigeria’s former military head of state from 1976 to 1979 and was also democratically elected as president from May 1999 to May 2007.
During the military era, Obasanjo was given credit for handing over power to a civilian government. Over the years he has amassed wealth, Obj has an estimated net worth of about $1.6 Billion dollars.
4. Rochas Okorocha And Bola Tinubu – Net Worth of $1.5 Billion
Rochas Okorocha may be a politician from Imo State, South East, Nigeria and he is listed as the richest politician in Nigeria for the year 2018. He was a rich businessman before he joined politics. Rochas contested and won in 2011 and 2015 respectively in the Imo State Governorship elections as Governor. Added to this, he is the founding father of Rochas Foundation, an organization that has special colleges for the less privileged within the society. Rochas is reported to be worth a whopping 1.5 billion dollars.
Meanwhile, another key wealthy political figure in Nigeria is Bola Tinubu, Chief Bola Ahmed Adekunle Tinubu was elected senator for the Lagos West constituency in Lagos State, Nigeria in 1993. The election was just prior to a military take-over in December 1993. After the return to democracy, he was elected governor of Lagos State, holding office from 29 May 1999 to 29 May 2007. He is the National leader of the All Progressives Congress party.
5. Atiku Abubakar Net Worth of $1.4 Billion
Atiku Abubakar is one of the most famous vice presidents in Nigerian history. He served as the vice president under Obasanjo’s regime from May 1999 to May 2007. He is also the presidential candidate of the main opposition party in Nigeria, People Democratic Paty (PDP)
He was also a former comptroller of the Nigerian customs. Atiku has diversified business interests, he owns a logistics company and also founded the American University of Nigeria (AUN) in 2005 amongst other investments including real estate business. Atiku Abubakar is estimated to have a net worth of about $1.4 Billion dollars.
6. Orji Uzor Kalu – Net Worth of $1.1billion
Orji Uzor Kalu is the former governor of Abia state and definitely one of the richest politicians in Nigeria. He is the chairman of Sun Daily and New telegraph. Prior to his election, he served as the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited. Kalu was also a member of the Peoples Democratic Party (PDP), Progressive Peoples Alliance (PPA) and the chairman of the PPA Board of Trustees. He was the party’s presidential candidate in the April 2007 general election. He is currently a member of the ruling APC after he officially announced his resignation as a PPA BOT. The former governor and businessman is said to have an estimated net worth of $1.1billion dollars.
7. Ahmadu Adamu Mu’azu – Net Worth: $895 million
Alhaji Ahmadu Adamu Mu’azu was governor of Bauchi State in Nigeria from 29 May 1999 to 29 May 2007. He is the former PDP National Working Committee chairman. Born in Boto, Tafawa Balewa Local Government Area of Bauchi State, Mu’azu attended primary school from 1962 to 1968. Adamu Mu’azu is estimated to have a net worth of about $895 million dollars.
8. Dino Melaye – Net Worth of $800 million
The outspoken and controversial senator representing the people of Kogi west in the senate house is ranked as one of the richest politicians in Nigeria. He has spoken severally against the current administration, this has put him on the hot seat. Dino owns fleet of exotic cars, motorcycles, and different properties, he is never shy to show it off on social media. Dino is estimated to have a net worth of about $800 million dollars.
9. Rotimi Amaechi – Net Worth of $780 million
Rotimi Amaechi is the former governor of Rivers state from May 2007 to May 2015. Afterward, he became the minister of transportation under the Buhari APC led government. Before then, he was also the speaker, House of Assembly from 1999 to 2007. His net worth is estimated to be $780 million dollars.
10. Ben Murray-Bruce, Net Worth of $715 million
Ben Murray-Bruce is the chairman of Silverbird Group. He represents Bayelsa East constituency currently in the senate. Mr. Ben Murray-Bruce is also very savvy on social media network especially Twitter. He was once the chairman of the SilverBird group which is a family business.Mr. Ben Murray Bruce has been credited for bringing the MBGN to Nigeria. Mr. Murray Bruce has an estimated net worth of about $715 million dollars.
This is the current list of some of the richest politicians in Nigeria.