Nigeria’s House of Representatives is one of the key arms of the National Assembly, with 360 members representing constituencies across the country. Beyond lawmaking, many members of the House are accomplished business people, investors, and professionals who have amassed significant wealth over the years.
This article explores the top 10 richest House of Representatives members in Nigeria (2025), their estimated net worth, businesses, investments, lifestyle, and the sources of their fortune. It also includes a summary table for easy reference.
If you’ve been wondering who the wealthiest lawmakers in Nigeria’s lower chamber are and how they made their money, this article has all the answers.
Overview: Why Are Nigerian House Members So Wealthy?
While the basic salary and allowances of a House of Representatives member are generous by Nigerian standards, they alone do not explain the immense wealth of some lawmakers.
Many of the richest members came into politics already wealthy — as successful entrepreneurs, oil magnates, contractors, lawyers, and bankers. Others used the influence and connections that came with their political office to grow their businesses and investments further.
Let’s now examine the top 10 richest House of Representatives members in 2025.
1. Akin Alabi — ₦50 Billion ($33 Million)
Biography & Career
Akin Alabi, representing Egbeda/Ona-Ara Federal Constituency in Oyo State, is an entrepreneur, author, philanthropist, and politician. He is the founder of NairaBET, one of Nigeria’s largest sports betting platforms.
Wealth Sources
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Founder of NairaBET
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Real estate holdings
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Books and speaking engagements
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Other investments in tech and media
2. Prince Ned Nwoko — ₦40 Billion ($27 Million)
Biography & Career
Prince Ned Nwoko, representing Aniocha/Oshimili Federal Constituency in Delta State, is a lawyer, businessman, and philanthropist. He is well known for his luxurious lifestyle and high-profile philanthropic projects.
Wealth Sources
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Legal practice and consultancy
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Real estate development
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Tourism and hospitality ventures
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Philanthropic foundations
3. Shina Peller — ₦35 Billion ($23 Million)
Biography & Career
Shina Abiola Peller, representing Iseyin/Itesiwaju/Kajola/Iwajowa Federal Constituency in Oyo State, is an entrepreneur and politician. Before joining politics, he was widely known as the owner of Quilox nightclub, a leading entertainment hub in Lagos.
Wealth Sources
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Nightlife and hospitality business
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Real estate investments
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Entertainment and event management
4. Tajudeen Abbas — ₦30 Billion ($20 Million)
Biography & Career
Tajudeen Abbas, the Speaker of the House of Representatives (as of 2025), represents Zaria Federal Constituency in Kaduna State. He is a veteran lawmaker and a businessman.
Wealth Sources
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Agricultural enterprises
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Real estate investments
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Business consulting
5. Nkeiruka Onyejeocha — ₦28 Billion ($19 Million)
Biography & Career
Nkeiruka Onyejeocha, representing Isuikwuato/Umunneochi Federal Constituency in Abia State, is one of the most prominent female lawmakers in Nigeria. She has a strong background in business and politics.
Wealth Sources
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Import-export business
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Real estate in Lagos and Abuja
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Contracts and consultancy
6. Aminu Sani Jaji — ₦25 Billion ($17 Million)
Biography & Career
Aminu Sani Jaji, representing Kaura Namoda/Birnin Magaji Federal Constituency in Zamfara State, is a businessman and politician known for his influence in Northern Nigeria.
Wealth Sources
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Transportation and logistics
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Real estate
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Agriculture and livestock business
7. Bamidele Salam — ₦22 Billion ($15 Million)
Biography & Career
Bamidele Salam, representing Ede North/Ede South/Egbedore/Ejigbo Federal Constituency in Osun State, is a lawyer, journalist, and entrepreneur who has invested in multiple sectors.
Wealth Sources
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Media and publishing
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Property investments
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Consultancy services
8. Dachung Musa Bagos — ₦20 Billion ($13 Million)
Biography & Career
Dachung Musa Bagos, representing Jos South/Jos East Federal Constituency in Plateau State, is a young lawmaker with significant investments and business interests.
Wealth Sources
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Agricultural investments
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Real estate
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Event and media services
9. Ben Igbakpa — ₦18 Billion ($12 Million)
Biography & Career
Ben Igbakpa, representing Ethiope Federal Constituency in Delta State, is a businessman and politician with a long track record in commerce and public service.
Wealth Sources
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Oil and gas contracts
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Property development
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Import-export trade
10. Yusuf Gagdi — ₦16 Billion ($11 Million)
Biography & Career
Yusuf Adamu Gagdi, representing Pankshin/Kanam/Kanke Federal Constituency in Plateau State, is among the rising stars in Nigerian politics with notable business acumen.
Wealth Sources
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Construction and civil engineering
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Real estate investments
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Education and consultancy
Summary Table: Top 10 Richest Nigerian House of Representatives Members (2025)
Rank | Name | Net Worth (₦) | Net Worth ($) | Primary Wealth Sources |
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1 | Akin Alabi | ₦50 Billion | $33 Million | Sports betting, real estate, media |
2 | Prince Ned Nwoko | ₦40 Billion | $27 Million | Law, real estate, tourism |
3 | Shina Peller | ₦35 Billion | $23 Million | Nightlife, real estate, entertainment |
4 | Tajudeen Abbas | ₦30 Billion | $20 Million | Agriculture, property, consulting |
5 | Nkeiruka Onyejeocha | ₦28 Billion | $19 Million | Import-export, real estate |
6 | Aminu Sani Jaji | ₦25 Billion | $17 Million | Logistics, property, agriculture |
7 | Bamidele Salam | ₦22 Billion | $15 Million | Media, property, consultancy |
8 | Dachung Musa Bagos | ₦20 Billion | $13 Million | Agriculture, real estate, events |
9 | Ben Igbakpa | ₦18 Billion | $12 Million | Oil & gas, property, trade |
10 | Yusuf Gagdi | ₦16 Billion | $11 Million | Construction, real estate, education |
How House Members Build Their Wealth
While the official salary of a House of Representatives member is substantial, their biggest fortunes usually come from their outside businesses. Below are common wealth sources among the richest members:
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Real estate development in Abuja, Lagos, and other cities
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Agricultural investments such as farming, livestock, and processing
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Oil and gas contracts and servicing
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Media, hospitality, and sports ventures
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Import-export and logistics companies
Lifestyle of Nigeria’s Richest House Members
These lawmakers live lavish lifestyles, often owning:
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Mansions in choice areas like Maitama, Ikoyi, and Lekki
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Fleets of luxury cars such as Rolls-Royce, Bentley, and Mercedes-Benz
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Private jets and yachts
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Exclusive wardrobes from top global designers
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Regular vacations to luxury destinations worldwide
Frequently Asked Questions About the Richest Nigerian House Members
Who is the richest House of Representatives member in Nigeria in 2025?
Akin Alabi is currently the richest member, with an estimated net worth of ₦50 billion ($33 million).
How do Nigerian lawmakers make their money?
Apart from official earnings, they invest in real estate, oil and gas, logistics, agriculture, media, and hospitality.
Are there women among the richest House members?
Yes. Notably, Nkeiruka Onyejeocha ranks among the richest, with wealth in trade and property.
Do all members of the House of Reps own businesses?
While not all, the wealthiest members typically have diverse business portfolios that predate or run alongside their political careers.
Is politics their main source of income?
No. Politics may open doors, but most have thriving businesses that are their primary income sources.
Lessons from Nigeria’s Richest House of Representatives Members
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Diversify your investments across industries
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Leverage your expertise and network to build wealth
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Invest in high-value assets like real estate
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Build a personal brand and reputation for influence
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Use your position to create sustainable business opportunities
Final Thoughts on the Top 10 Richest House of Representatives Members in Nigeria (2025)
The top 10 richest members of the House of Representatives in Nigeria in 2025 prove that combining political power with smart business strategies can create immense wealth. They dominate industries ranging from real estate to oil, media to logistics, and agriculture to hospitality.
Their stories are examples of how to build influence, diversify investments, and achieve financial success in Nigeria. Whether you view them as role models or cautionary tales, their journey offers valuable insights for entrepreneurs and aspiring leaders alike.