Top 10 Richest Politicians In Borno State

Let’s be honest—when you hear “Borno State,” your mind probably goes straight to insecurity, insurgency, or desert heat. But my friend, there’s more to Borno than what you see on the evening news. Underneath the sandstorms and security boots lies a group of powerful men who are not just rich—they’re Borno-rich. You know, that special type of wealth that combines power, business acumen, political influence, and a fleet of SUVs you only see in Abuja convoys.

So today, we’re zooming into the top 10 richest politicians in Borno State. These are the men who’ve not only made serious waves in politics but also know how to make their money work. Whether through oil, real estate, high-level government appointments, or just good old-fashioned federal contracts, these guys are the powerhouses of Nigeria’s North-East.

So grab your zobo, settle into your favorite chair, and let’s dive deep into the world of wealth and power—from Maiduguri to the top floors of Aso Rock.

1. Mohammed Indimi – The Oil Baron of Borno

Honestly, we should start a whole separate list just for this man. Mohammed Indimi is not only Borno’s richest politician—he’s arguably one of the wealthiest men in Nigeria. Founder of Oriental Energy Resources, he didn’t just stumble into oil; he walked in like he owned the place.

Even though he doesn't hold an elected office, his proximity to top politicians and major influence in the North makes him one of the most politically relevant men from Borno. This guy is so wealthy, his daughter married the son of a former president and people barely blinked. That’s billionaire behavior!

Estimated Net Worth: Anywhere from $500 million to over $1.3 billion, depending on who you ask—and how close you are to his accountant.

Power Move: Built a luxury housing estate for internally displaced persons (IDPs) in Borno. When billionaires do charity, they don’t carry rice and beans—they build neighborhoods.

2. Kashim Shettima – From Borno to the Villa

If you’ve been paying attention to Nigerian politics in the past few years, you already know Kashim Shettima is no small boy. From being Governor of Borno during the heat of the Boko Haram crisis to becoming Nigeria’s Vice President, this man’s journey is like one of those inspirational movies—except with more bulletproof cars and security escorts.

Before joining politics, he was already well-rooted in banking and academia. Combine that with 8 years in government, plus another ride in the federal limo as VP, and it’s easy to see how the millions came rolling in.

Estimated Net Worth: Around $130 million.

Side Note: Never underestimate a man who can keep calm while managing both political pressure and insurgency—he’s clearly made of strong financial fabric.

3. Ali Modu Sheriff – The Comeback King

Ali Modu Sheriff is like that politician who refuses to leave the WhatsApp group. One minute he’s a Governor, next he’s the National Chairman of a party. If politics had loyalty points, this man would’ve redeemed a private jet by now.

He served as Borno Governor for 8 years, and while others were figuring out how to win primaries, he was building a business empire behind the scenes. From oil servicing companies to property deals, Ali Modu Sheriff knows how to diversify.

Estimated Net Worth: Between $41 million and $72 million.

Bonus Trivia: His private jet alone is reportedly worth more than some states’ monthly allocations. Now that’s a flex.

4. Mohammed Abba Gana – The Technocrat with Taste

Don’t let the calm face fool you—Mohammed Abba Gana has been quietly sitting at the table of power for decades. Former Minister for the FCT and Secretary to the Government of the Federation, this man has occupied some of the most sensitive seats in Nigeria’s power structure.

He may not be dancing on campaign stages, but he’s definitely smiling at the bank. With decades of service and a few strategic business interests, his name is stamped in Borno’s elite history.

Estimated Net Worth: Undisclosed, but sources place him comfortably among the top-tier earners.

Legacy: He’s that elder statesman who walks into a room and suddenly everyone becomes respectful. And rich.

5. Mele Kyari – The Oil General

Ladies and gentlemen, meet Nigeria’s current oil boss—Mele Kyari. As the Group CEO of the Nigerian National Petroleum Company (NNPC), Kyari holds the keys to Nigeria’s main revenue engine. And yes, he’s from Borno.

Even though his official salary might look modest on paper, let’s not pretend—anyone sitting atop NNPC’s vast oil structure is breathing a rarefied financial air. Between allowances, foreign trips, contracts, and informal networks, Mele Kyari is comfortably in the millionaire club.

Estimated Net Worth: Officially undisclosed, but if you know, you know.

Interesting Fact: Kyari is known for his no-nonsense stance on oil theft and transparency, but you can bet his bank account is anything but basic.

6. Babagana Monguno – The Intelligence Tycoon

If you’ve ever wondered who was protecting Nigeria behind the scenes, meet General Babagana Monguno (rtd.), the man who served as National Security Adviser for years. This ex-military boss has been involved in security strategy at the highest level—and you know what that means? Influence. And lots of it.

Post-retirement, he didn’t just fade into the background. Instead, he ventured into consultancy, defense contracts, and quiet investments. He’s the type that doesn’t trend on Twitter but commands serious respect in top circles.

Estimated Net Worth: Unofficially high. Quiet money. Military-grade savings.

7. Afakriya Gadzama – The Spy Master

Now here’s someone whose job description probably reads “Top Secret.” As a former Director-General of the DSS (Nigeria’s domestic intelligence agency), Afakriya Gadzama has lived a life that makes James Bond look like a traffic warden.

You may not hear much about him in public, but that’s the whole point. He’s reportedly involved in real estate, private security consulting, and international diplomacy projects. The man doesn’t talk loud, but his wallet sure does.

Estimated Net Worth: Undisclosed—but you don’t retire from the DSS poor. Let’s leave it at that.

8. Mohammed Sanusi Daggash – Brains and Billions

An architect by training, a planner by profession, and a politician by divine alignment. Mohammed Daggash has held top roles in the federal government, including Minister of Works and Minister of National Planning.

He’s also a major player in Nigeria’s urban development scene, with an architectural firm and property holdings to his name. If there’s any politician who truly combines brains with bank balance, it’s Daggash.

Estimated Net Worth: Not declared publicly, but insiders say he’s doing quite well.

Professional Swag: The only man who can explain GDP, build your house, and still win an election—all before lunch.

9. Zaynab Alkali – The Pen and the Purse

You weren’t expecting to see a novelist here, were you? But Zaynab Alkali deserves a spot. As an author, university administrator, and cultural diplomat, she’s one of the most influential intellectuals from Borno.

While her wealth might not compete with oil barons, her impact in education, publishing, and international development is priceless. And with a few grants, royalties, and executive board roles, don’t be surprised if her account balance is smiling too.

Estimated Net Worth: Modest but noteworthy.

Special Recognition: The only one on this list who earns both respect and royalties.

10. Prince Wilson Olomu – The New Money Vibes

Every list needs a rising star. Prince Wilson Olomu may not be a household name yet, but give it time. This young entrepreneur-turned-political-adviser has been making waves behind the scenes in Maiduguri and Abuja.

With stakes in hospitality, construction, and property development, Olomu is quietly amassing wealth and connections. They say he’s already worth between $1 million and $10 million—and that’s just the beginning.

Ambition Level: High. Very high. Eyes on the Senate? Maybe.

Summary Table: The Big Boys of Borno

Final Thoughts

So there you have it—the political heavyweights of Borno State, 2025 edition. These aren’t just men (and one woman) with titles—they are walking institutions with influence that reaches from Maiduguri to Manhattan. Their wealth comes from a unique blend of business smarts, political muscle, and strategic positioning.

The next time someone tells you Borno is just about insurgency, point them to this list. These people are building, investing, and leading in ways that are reshaping the North-East narrative.

Now over to you: Who surprised you the most? And who do you think might make this list next year?

Let me know in the comments. Let’s keep the gist going!