5 Richest Nigerian Politicians No Longer in Power

Nigerian politicians are influential figures who’ve left an indelible mark on the nation’s historical past. These politicians are people who, whereas not in energy, have gathered substantial wealth throughout their time in public service or via their personal companies. 

Their political careers and subsequent enterprise ventures have helped them amass fortunes that place them amongst Nigeria’s wealthiest residents. On this article, we are going to discover the lives and fortunes of such politicians who’re not serving however are financially profitable.

Atiku Abubakar

Among the many outstanding Nigerian politicians who’ve transitioned from energy to wealth, Atiku Abubakar stands out as a notable determine. Atiku Abubakar’s political profession reached its pinnacle when he served because the Vice President of Nigeria from 1999 to 2007 underneath the presidency of Olusegun Obasanjo. 

recognized for his enterprise pursuits even earlier than his political profession, Atiku has made important investments throughout a number of sectors. His numerous portfolio contains pursuits in actual property, logistics, amongst others. These ventures have performed an important position in his wealth accumulation, elevating him to one of many richest politicians in Nigeria. His entrepreneurial ventures and strategic investments have solidified his place among the many richest Nigerian politicians. 

Ibrahim Babangida

Ibrahim Gbadamosi Babangida, popularly referred to as IBB, is a outstanding Nigerian politician who left an indelible mark on the nation’s political panorama throughout his time in energy. He’s a retired Nigerian military common and politician. He served as navy president of Nigeria from 1985 following a navy coup that toppled the earlier authorities till his resignation in 1993. 

He ruled with an autocratic type, and his regime managed to climate two coup makes an attempt. Whereas serving within the military through the Civil Struggle, he sustained an damage to his shoulder when a stray bullet grew to become lodged in it throughout a crossfire. Surprisingly, he has chosen to retain the shrapnel and carries it with him to today.

Upon retiring from the Civil service, he had a staggering fortune of a minimum of $5 billion. There have been speculations relating to the origins of his wealth, suggesting that he had acquired it via numerous means whereas holding workplace. In 2011, Forbes estimated his internet price to be $12 billion, however he vehemently refuted these claims.

Olusegun Obasanjo

Olusegun Aremu Obasanjo, having served because the President of Nigeria from 1999 to 2007, his affect and subsequent enterprise ventures have contributed considerably to his monetary success. Obasanjo’s political profession spans a number of many years, starting together with his navy service, the place he rose to the rank of Normal. After a short interval as Nigeria’s navy Head of State from 1976 to 1979, he returned to energy via democratic means in 1999, changing into the primary Nigerian navy chief to transition to civilian rule.

Obasanjo has demonstrated his entrepreneurial acumen and made strategic investments in numerous sectors, which have performed an important position in his wealth accumulation. One notable sector the place he has proven a powerful presence is agriculture. He established Obasanjo Farm Nigeria Restricted which focuses on agricultural actions, together with cultivation, livestock farming, and agro-processing. This funding showcases Obasanjo’s dedication to selling agricultural improvement in Nigeria whereas producing substantial monetary returns.

Ahmadu Adamu Mu’az

Dr. Ahmadu Adamu Mu’az former Governor of Bauchi state, devoted his providers to the state in a number of capacities. Earlier than assuming the position of Governor, he contributed his experience as a property supervisor and amount surveyor inside the State’s Funding and Property Growth Firm. He was beforehand referred to as upon by Ibrahim Sani to contest for the 2023 Nigerian Presidency.

Throughout a routine patrol carried out by the EFCC (Financial and Monetary Crimes Fee), a constructing housing fire-resistant cupboards, containing an astonishing sum of over $50 million, was uncovered in one in all his residences. Nonetheless, he vehemently denied any involvement or possession of the property, dismissing the claims made by the constipation firm witnesses related to the constructing.

David Mark

David Alechenu Bonaventure Mark is a retired Nigerian brigadier common and politician. He served because the twelfth president of the Nigerian Senate from 2007 to 2015. Whereas he has not been extensively related to important enterprise ventures or wealth accumulation past his political profession, his contributions and accomplishments in public service solidified his place as a notable determine in Nigerian politics.

He grew to become a member of the Nigerian Senate, representing Benue South Senatorial District for a number of phrases in addition to the twelfth Senate President in Nigeria’s historical past, having held the place from 2007 to 2015.

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