Who do you think is the richest politician in Nigeria in 2022? It is without doubt that Nigerian politicians are the wealthiest people in the country, owing to the fact that they are the highest-paid public officers in the country and have access to the nation’s wealth.

Nigeria’s main source of revenue is crude oil, which is one of the world’s most precious resources, and the country is also blessed with numerous natural resources in every corner. So in this article I will be sharing with you the top 10 richest politicians in Nigeria in 2022 and their net worth.

10. Rotimi Amaechi

Rotimi Amaechi is currently the tenth richest politician in Nigeria in 2022 with an estimated net worth of $780 million. Rotimi Amaechi served as governor of Rivers State from 2007 to 2015, and currently the Minister of Transportation in Nigeria. He was born on 27th May 1965. Rotimi Amaechi was the director general of Buhari re-election campaign in early 2019. However, he was in the eye of a storm after a series of audio recordings leaked, in which he harshly criticized Buhari for not meeting Nigerians’ expectations and described Nigeria as a never-going-to-change hopeless nation. Rotimi Amaechi has for his own a fleet of luxury cars including a rare Mercedes-Maybach Vision 6, a Mercedes Amg G63, Mercedes S550, a Land Rover Discovery, a Lexus LX 570, amongst others. Although he claims not to own a private jet but there is a high chance he owns a Brazillian Embraer Legacy worth about N9 billion.

9. Dino Melaye

Dino Melaye is currently the ninth richest politician in Nigeria in 2022 with an estimated net worth of $800 million. In the history of Nigeria, Dino Melaye has been the most entertaining politician ever! He was born on 1st January, 1974 and hails from Kogi State. He was a Senator and a member of the 8th National Assembly, representing Kogi West Senatorial district before being sacked by the gubernational election tribunal of the state in late August 2019. Dino Melaye is known for various scandals and political controversies. He once threatened to beat up Senator Oluremi Tinubu and impregnate her on the floor of the Senate. Dino Melaye had two marriages which both ended after his wives accused him of severe domestic violence. Dino Melaye is a real car freak and a very flaunting type so it’s easy to get a glimpse of his luxurious lifestyle. Among his giant car collection are one of the most expensive cars in the world, a Bugatti Veyron worth over ₦616 million, 3 Roll-Royces worth over ₦318 million combined, a Lamborghini Huracan worth over ₦86.7 million, a Bentley Continental worth over ₦71 million and many more.

8. Ahmadu Adamu

Ahmadu Adamu is currently the eighth richest politician in Nigeria in 2022 with an estimated net worth of $895 million. Ahmadu Adamu was the former governor of Bauchi State as well as the former chairman of the Peoples Democratic Party (PDP). He also served as property manager of the Bauchi State Investment and Property Development Company. He has many assets and real estate investments, putting him in the list of top ten richest politicians in Nigeria. In April 2019, the Economic and Financial Crimes Commission (EFCC) busted a mansion in Ikoyi as part of Buhari’s anti-corruption campaign and discovered over $50 million of cash hidden in fire-resistant cabinets behind false walls. The company that built the house claimed Ahmadu Adamu is the owner, but the Northern millionaire rejected all the accusations. Ahmadu Adamu has in his garage a Lexus LX570, a Range Rover Discovery and a Toyota Sequoia, amongst other luxury rides.

7. Orji Uzor Kalu

Orji Uzor Kalu is currently the seventh richest politician in Nigeria in 2022 with an estimated net worth of $1.1 billion. The former governor of Abia State was born on April 21, 1960 and is one of the richest politicians in Nigeria. Before his election, he was the chairman of Cooperative and Commerce Bank Limited. He was also a member of the Peoples Democratic Party (PDP), Progressive People’s Alliance (PPA) and the chairman of the PPA Board of Trustees. Just like a few others on this list, Orji Uzor Kalu runs a number of businesses. He is the current chairman of SLOK Holding and two influential newspapers – the New Telegraph and the Daily Sun. He holds stakes in Enyimba FC of Aba, a very successful club in CAF competition. The club was the first Nigerian club to win the top honor of the flagship club competition in African. Although not specified, Orji Uzor Kalu owns several mansions across high-ranking locations in Nigeria. A notable one is called Camp Neya, located in his hometown, in Abia State. He also owns a home in Maryland, USA. In 2014, Uzor Kalu acquired what is believed to be his 5th private jet, the Gulfstream G650 model, which is worth a whopping sum of ₦11.5 billion. Another news about his 7th jet was published in 2018. Orji Uzo Kalu’s garage is filled with exotic cars including a Bentley, a Range Rover, Mercedes Benz S550 and a Mercedes Benz C Class among others.

6. Rochas Okorocha

Rochas Okorocha is currently the sixth richest politician in Nigeria in 2022 with an estimated net worth of $1.3 billion. Rochas Okorocha served as the governor of Imo State in the south eastern part of Nigeria for two terms. He was thriving in business before he joined politics. He is the founder of Rochas Foundation, a non-profit organization that builds colleges for poor children. In June 2019, Rochas Okorocha and his family were accused of taking away valuable assets of Imo state including 67 government vehicles, which Rochas Okorocha described as diversionary. In 2018, Rochas Okorocha was listed as the number one richest politicians in Nigeria with a net worth of $1.4 billion. He owns an impressive garage that houses a Rolls-Royce Phantom, a Mercedes-Benz S600, a Mercedes-Benz Klassen V220, Mercedez Benz AMG63, a Lexus LX 570, a private jet, among other luxury cars. A few years ago, he was said to own three private jets by another governorship aspirant but according to Rochas Okorocha, he owns just two, which he purchased before becoming a governor. One of his private jets, LearJet 45, is worth over N700 million.

5. Atiku Abubakar

Atiku Abubakar is currently the fifth richest politician in Nigeria in 2022 with an estimated net worth of $1.4 billion. Atiku Abubakar served as the Vice President of Nigeria from 1999 to 2007, with Olusegun Obasanjo as president. He was also a comptroller general of the Nigerian Customs for 20 years and made a fortune from his position. While working for Nigerian Customs, he founded a logistic company known as Nigeria Container Service (INTELS). The company has been accused of laundering over $100 million into the United States between 2000 and 2008. Besides INTELS, Atiku Abubakar owns a variety of businesses in Nigeria ranging from beverage, media, education, amongst others. Atiku Abubakar hails from Adamawa State and was born on 25th November 1946. He has five wives and 26 children. Atiku Abubakar possesses many valuable assets and several real estate investment businesses. He owns an Embraer Phenom 100 private jet worth over $4.1 million and a $2.9 million mansion near Potomac, Maryland, USA. Among many luxury cars he rides are a Range Rover, a Mercedes S550, a Lexus 570, a Toyota Land Cruiser and many more. He is currently a presidential aspirant in the 2023 upcoming general election in Nigeria.

4. Olusegun Obasanjo

Olusegun Obasanjo is currently the fourth richest politician in Nigeria in 2022 an with estimated net worth of $1.6 billion. He was born on 5th March 1938 in Ogun State. The former Nigerian Army General also served twice as Nigeria’s Head of State, first as a military ruler from 1976 to 1979, and as a civilian president from 1999 to 2007. Obasanjo got married four times. He married first got married to Esther Oluremi after which he got married to Lynda, who was severely shot by armed men. His third wife was Mojisola who’s also late. His famous fourth wife was Stella Obasanjo, who served as Nigeria’s First Lady from 1999 till her untimely death in 2005. He is currently married to Mrs. Bola Obasanjo. Obasanjo has twenty children. Obasanjo reportedly owns Otta Farms, one of the largest chicken poultries in West Africa. Although not of general knowledge, he is also involved in over 6.5% of the total major oil production, marketing, and distribution in Nigeria. He has in his garage a Mercedes-Benz S63 Sedan, a Lexus 570, a Toyota Land Cruiser and a Toyota Highlander 2017. He also owns a Bombardier Challenger 300 jet and a Helicopter, both worth about $42 million.

3. Ifeanyi Ubah

Ifeanyi Ubah is currently the third richest politician in Nigeria in 2022 with an estimated net worth of $1.7 billion. He was born on 3rd September 1971. His wealthy status didn’t kick off with politics, he is a hardcore businessman who already built a fortune for himself before choosing to serve Nigeria. Growing up in the suburb of Abuja as the first child in a family of seven children, he had to drop out of school to become a trader, but luck shone on him at age 19, when he hit his first million. In 2014, he contested for the governorship of his state (Anambra State) and lost. However, in 2019, he contested for a seat in the Nigerian Senate to represent Anambra South Senatorial District, which he won. Apart from owning a football club called Ifeanyi Ubah FC, Ifeanyi Ubah is also the chairman, board of directors of a few notable companies in Nigeria. Ifeanyi Ubah is a real car collector who owns an extremely expensive Roll-Royce, a Land Rover, a Cadillac Escalade, a Toyota Land Cruiser and a Toyota Highlander. Ifeanyi Ubah also flies an Embraer Legacy 600 private jet worth over $31 million.

2. Ibrahim Babangida

Ibrahim Babangida is currently the second richest politician in Nigeria in 2022 with an estimated net worth of $5 billion. He was born on 17th August 1941 in Niger State. He is a businessman and politician that served as Nigeria’s military president from August 1985 to August 1993. IBB is mostly famous for the annulment of the June 12, 1993, general election, during which MKO Abiola was the supposed winner. Ibrahim Babangida has allegedly appropriated a lot of money during his tenure as Major General of the Nigerian army and Nigeria military head of state, which he publicly denied. He also owns 65% of the London-based Fruitex International Limited in London, 24% of Nigeria’s second-largest telecom company, Globacom. He has in his garage a BMW 760LI worth over ₦35.2 million, a 2015 Mercedes-Benz S Class worth over ₦33.7 million, a Toyota land Cruiser worth over ₦30.6 million, among other luxury cars. He also flies a private jet worth over ₦594.7 million.

1. Ahmed Tinubu 

Ahmed Tinubu is currently the richest politician in Nigeria in 2022 with estimated net worth of $8.5 billion. He was a former governor of Lagos state and the National Leader of the All Progressives Congress (APC). He is current contesting for Nigeria presidency for 2023 general election. He was born on 29th March 1952 in Lagos, Nigeria and currently 70 years old. Apart from politics, Ahmed Tinubu owns Oando Plc, one of Nigeria’s top oil-producing enterprises with a revenue of over 450 million Naira annually. He is also the sole owner of Television Continental (TVC), a television network that broadcasts in Nigeria and other African countries such as South Africa, Ghana, amongst others. He is also the owner of Lekki tollgate and oriental hotel, a five star hotel in Lagos. He is popularly known as the  jagaban of Lagos. Tinubu also has landed properties all throughout Nigeria and beyond; his Nigerian properties alone are valued over 250 billion Naira, while his mansion in Ikoyi, Lagos State, is worth over 5 billion Naira. He has a G-Wagon worth N600 million, a Mercedes Benzes, a Range Rovers, Lexus LX 550s, and a private jet worth $60 million.

Austine Ikeru
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