Top 10 Richest Politicians In Ekiti State

Ekiti State, one of the six states in the South-West geopolitical zone of Nigeria, is widely regarded as the land of intellectuals. The state is known for its impressive number of professors, civil servants, and well-educated citizens. Over the years, Ekiti has also produced powerful politicians who have not only dominated the local political scene but also gained relevance at the national level.

Some of these political figures have made a name for themselves through their contributions to development, legislative progress, and administrative policies. Their time in public office has afforded them not just influence and recognition but also substantial wealth. In this blog post, we’ll take a close look at the top 10 richest politicians in Ekiti State as of 2025. This list is based on available public records, estimated net worths, and verifiable business interests.

1. Ayo Fayose – Estimated Net Worth: $50 Million

Ayodele Fayose is arguably the most popular politician in Ekiti State. He served as the Executive Governor of the state from 2003 to 2006 and returned for a second term from 2014 to 2018. Known for his bold and populist approach to governance, Fayose earned a reputation as a “man of the people.”

Beyond politics, Fayose is a shrewd businessman. He has investments in real estate, hospitality, agriculture, and logistics. His hotel businesses and property development ventures in Lagos and Abuja form a large part of his wealth. Despite facing several controversies and legal battles over the years, Fayose’s financial standing remains formidable. He is still very influential in Ekiti politics and the Peoples Democratic Party (PDP).

2. Kayode Fayemi – Estimated Net Worth: $45 Million

Dr. John Kayode Fayemi is another big name in Ekiti’s political landscape. He was the Governor of Ekiti State between 2010–2014 and 2018–2022. Fayemi is a former Minister of Solid Minerals Development under President Buhari’s administration. He is widely respected for his intellectual approach to governance and strategic leadership style.

Fayemi is not only a seasoned politician but also a renowned academic and policy consultant. He has authored several books and academic papers. His consultancy firm, his academic earnings, political career, and private business interests in the education and mining sectors have greatly contributed to his net worth.

3. Abiodun Olujimi – Estimated Net Worth: $15 Million

Senator Abiodun Christine Olujimi is a top female political figure in Ekiti State and one of the few women who have consistently held high-ranking positions in Nigerian politics. She served as the Deputy Governor of Ekiti State and has been a Senator representing Ekiti South for multiple terms.

Olujimi has a background in journalism and public relations and has used her media knowledge to bolster her political image. Apart from her earnings from public office, she has stakes in media and communication firms. She also earns from speaking engagements and consultancy. Her influence in women’s politics in Nigeria is noteworthy.

4. Michael Opeyemi Bamidele (MOB) – Estimated Net Worth: $12 Million

Michael Opeyemi Bamidele, often called MOB, is the current Senate Majority Leader representing Ekiti Central Senatorial District. A trained lawyer and a strong voice in the Nigerian Senate, Bamidele has been an advocate for social justice and good governance.

Before becoming a senator, he served as Commissioner for Information and Strategy in Lagos State and also as a commissioner in Ekiti State. He has practiced law actively, and his legal consultancy firm is one of his income-generating avenues. His extensive legal, legislative, and administrative experience has made him both wealthy and respected.

5. Richard Olufemi Bamisile – Estimated Net Worth: $10 Million

Popularly known as BAFEM, Richard Bamisile is a prominent member of the Federal House of Representatives representing Ekiti South II Constituency. He once served as the Speaker of the Ekiti State House of Assembly and is a two-term member of the national legislature.

His wealth can be traced to both his long-standing political career and his business interests, which span agriculture, real estate, and contract-based government services. Bamisile is also known for his philanthropic activities in the state, including youth empowerment and infrastructural donations.

6. Segun Oni – Estimated Net Worth: $8 Million

Olusegun Oni was Governor of Ekiti State from 2007 to 2010. An engineer by profession, he rose through the ranks as a technocrat before entering full-time politics. Though his tenure as governor was short-lived due to court rulings, he left an imprint on infrastructural development in the state.

Oni has served in various capacities at the federal level and was once the Deputy National Chairman (South) of the APC. His wealth is largely attributed to his professional engineering background, his role in various boards and parastatals, and his political earnings.

7. Bisi Egbeyemi – Estimated Net Worth: $5 Million

Late Bisi Egbeyemi was the Deputy Governor of Ekiti State from 2018 to 2022 during Dr. Kayode Fayemi’s second term. A senior lawyer and legal practitioner, Egbeyemi made a name for himself in both the legal and political fields.

His law practice was one of the most successful in Ekiti, and he also held key administrative roles before becoming Deputy Governor. His political service and legal consultancy contributed to his net worth before his passing in 2023.

8. Monisade Afuye – Estimated Net Worth: $4 Million

Chief Monisade Christiana Afuye is the current Deputy Governor of Ekiti State, having taken office in 2022 alongside Governor Biodun Oyebanji. With a background in civil service and public administration, she is known for her humble beginnings and commitment to grassroots development.

While not among the wealthiest in comparison to her predecessors, Afuye has accumulated wealth through her long years in the public service sector, property investments, and allowances from political appointments.

9. Babalola Borishade – Estimated Net Worth: $3 Million

Late Professor Babalola Borishade was a respected academic and politician. Though he passed away in 2017, his legacy still holds value, especially in Ekiti and the national education sector. He served as Federal Minister in different administrations, including Education and Aviation.

His wealth stemmed from his time in government, academic work, consultancy, and investments. He remains a revered figure in Ekiti’s political history.

10. Tope Aluko – Estimated Net Worth: $2 Million

Tope Aluko gained public attention as a former Secretary of the PDP in Ekiti State. A political scientist and analyst, Aluko was closely associated with the administration of Ayo Fayose and played a key role in the political structure of the PDP in Ekiti.

His wealth is mainly from political consultancy, private education services, and party-related earnings. Though no longer holding a major elective office, he remains an influential political voice in the state.

Summary Table: Richest Politicians in Ekiti State (2025)

Final Thoughts

Ekiti State’s political landscape is filled with influential figures who have used their positions to shape policy, promote development, and empower citizens. Many of them have leveraged their political careers to build substantial wealth through investments, consulting, and strategic ventures.

While political influence often comes with financial power, the responsibility to use it for the good of the people cannot be overstated. The politicians listed above have not only shaped Ekiti’s political terrain but have also left footprints that may define governance in the state for years to come.