Top 10 Richest Politicians In Oyo State

If you've ever strolled down the streets of Ibadan, you’d know the city hums with its special energy—a blend of history, culture, politics… and yes, money. Today, we're pulling back the curtain on Oyo State’s ten wealthiest politicians. And because life’s too short for dry lists, this one's packed with hot takes, humor, and heart.

Ready? Buckle up—this is Kwara’s richer cousin!

1. His Excellency, Engineer Seyi Makinde – Governor & Oilpreneur Extraordinaire

Let's start with the sitting governor, Seyi Makinde—a native of Ibadan, an electrical engineer who flipped success into politics. He launched Makon Engineering & Technical Services (METS) in his twenties, making serious cash in fluid metering and oil services.

Some reports (like Oyo net-worth trackers) place him at around $500 million, while his asset declaration shows ₦48 billion in 2023 (roughly $120 million). Either way, that’s one financially fit governor. Makinde isn’t just playing state politics—he’s balancing public duty with private dividends.

2. Shina Abiola Peller – The Club Boss Who Codes Political Clout

From illuminated nightclubs to illuminated conversations in the House of Reps, Shina Peller is a one-person energy explosion. The Iseyin-born industrialist founded Quilox, the Lagos nightlife landmark, and is CEO of Aquila Group.

Net-worth estimates land around $300 million. What makes Peller stand out isn’t just cash—it’s charisma. A nightclub magnate turned people's rep? That’s some modern Oyo storytelling right there.

3. Jonah Otunla – Accountant-General Turned Real Estate Tycoon

You might not know the name, but you see the money. Jonah Otunla, former Accountant-General of the Federation, made waves in Ibadan. Sources estimate his net worth at $400 million, thanks to investments in real estate, agriculture, and banking.

He’s the kind of man who reads the state's finances and then quietly makes gains behind the scenes. Resourceful, discreet, and wealthy.

4. Rasheed Ladoja – The Political Strategist with Empress Income

If politics were a chessboard, Rasheed Ladoja would be the Grandmaster. As Oyo’s former governor and now Olubadan of Ibadan, his wealth spans shipping, agriculture, real estate, and oil servicing… You name it.

Estimates fly between $350 million and $750 million. Ladoja doesn't just win elections—his bank account wins bets too.

5. Chief Kola Daisi – Doctor-Turned-Financier, University Founder

From stethoscopes to stock markets, Chief Daisi transitioned seamlessly. He’s known for decades at FCMB and the Nigerian Stock Exchange—and now as the founder of Kola Daisi University in Ibadan. His net worth? Around $600 million.

This is Oyo’s answer to the saying, “Diversify or die.” Finance, education, influence.

6. Adebayo Adelabu – Economist, CBN Veteran, Power Sector Insider

Adebayo Adelabu is possibly the only política who understands interest rates better than party rates. From Deputy Governor of the CBN to Minister of Power, his banking and energy links are solid gold.

Estimated at $480 million, his story blends technocratic smarts with political skin.

7. Alhaji Mufutau Olosunde – Real Estate's Humble Mogul

Nothing fancy, just building. Olosunde has quietly shaped Ibadan’s landscapes with properties, roads, and infrastructure. With a $500 million portfolio, he's living proof that soil can be solid gold.

8. Chief Olatunde Akinbiyi – Finance Boardroom Regular

This isn’t the ex-Vice Chancellor, though the names are similar. Akinbiyi is a staple on banking and insurance boards across the Southwest. His $450 million assets show that money sometimes speaks quietly but powerfully.

9. Senator Teslim Kolawole Folarin – Ibadan Prince Who Made Real Estate & Pharma

Folarin is royalty born in Ibadan and made in politics. His business sides—pharmaceuticals, real estate—have pushed his wealth to around $250 million.

Elegant, strategic, and steady—Folarin brings diplomacy to dollars.

10. Monsurat Sunmonu – Senator, Speaker, & Oyo’s Most Influential Woman

Now this is where we break the billionaire mold: enter Monsurat Sunmonu, Oyo’s richest female politician. Former Speaker of Oyo State House and Senator, she’s estimated at $200 million.

She began abroad, came home, and secured influence from grassroots to Senate—a political journey built on brains and grit.

🧾 Quick Wealth Table

💡 What We Can Learn from Their Wealth

⚙️ 1. Business before ballots

All these folks had serious businesses before they hit the office. That’s how money is made.

🌱 2. Diversification drives dynasties

Oil, finance, hospitality—you name it. Wealth rarely survives on one leg.

👑 3. Dynastic privilege meets hustle

The Sarakis aren’t here, but Sunmonu and Folarin show that lineage can marry hustle.

📊 4. Numbers are estimates, not receipts

Expect ranges, not exactness. Nigerian money tends to glow in rumors more than records.

🚀 5. Emerging wealth is the new wave

Shina Peller and Sunmonu show that nightlife or female leadership can be power plays, too.

🎯 Final Takeaway: Oyo’s Wealth Story

Oyo State isn’t just a historic town—it’s a modern masterclass in how politicians can build, convert, and compound wealth. The classic stories of dynasty meet dynamic newcomers who built from the ground up. It’s entrepreneurship with public service, banking with ballots, and Ibadan swagger wrapped in savvy.

These politicians are more than upscale figures—they’re the emerging standard of what success looks like in Oyo: bold, multifaceted, indigenous, and often surprising.