The richest politician in Nigeria has been revealed. Those close to him squealed to us that he owns 1,000 hectares of land valued at about N175 billion located at Lakowe near Abijo at Ibeju-Lekki Local Government and given to Lekki concession company (LCC) to develop as golf course and housing estate by Assets and Resource Management Ltd. (ARM).
The politician equally owns a prime land of 157 hectares with 2.5km of Atlantic beach-front valued at about N100 billion.
The 14 hectares Parkview Ikoyi Estate foreshore land reclaimed by Lagos State Government which is valued about N13 billion belongs to him.
The Annex of the Lagos State Guest House in Asokoro, Abuja bought by the State Govt in 2006 for N450Million to protect the main house from security breach has been cornered by him.
No.4, Oyinkan Abayomi (formerly Queens Drive), Ikoyi; a luxury 5 – bedroom detached house on one acre of land which was originally the Lagos State Governor’s Guest House since 1979 worth about N950 million was acquired by him
The politician equally has a porche hourse in Ikoyi, Lagos is said to worth over N5.5Billion.
Besides, the 250-hectares of land valued at about N165 billion, strategically located at the Ajah junction on Lekki Road which was initially meant for a General Hospital for d people of Eti-Osa is now his property. The property has been developed as Royal Garden Housing Estate by him.
He also acquired for himself sophisticated private jet worth over $60 million.
The politician, also owns some first class luxury cars, one of them is G-Wagon said to worth N600 million, built with bullet proof and bomb detector apparatus as well as surveillance cameras.
The choice property at Lekki- Epe road on which the multi- billion naira Oriental Hotel is built, worth N220 billion belongs to him.
He is the owner of a multi-level recreation center by Mobil in Oniru Estate on Lekki-Epe Expressway is said to worth about N55 billion.
Another 3.8 hectare of land at the Lagos State Fisheries Office in Victoria Island valued at over N3 billion is also his property.
The Fishery Landing jetty at Badore where the Ilubinrin fishermen were to be relocated valued at about N800Million is another choice property of the politician.
Also, the entire Ogudu foreshore scheme valued at about N6 billion belongs to the politician.
He has equally acquired the Ilubinrin housing estate which used to house Lagos State civil servants and judges up till 2007. This housing estate is worth about N3.5 billion.
The former Julius Berger yard at Oko Orisan, Epe valued at about N650 million belongs to him.
A TV and Radio station valued at about N3.6 billion are are owned by him.
He also owns an oil company managed by his younger brother. This oil and gas company with revenue of about ₦450 billion and total equity of over ₦162 billion is the largest indigenous oil company in Nigeria.