Nnamdi Kanu’s net worth is estimated at about N100 million, however, some other sources have estimated it as high as $13 million. The British-Nigerian political activist is the leader of the Indigenous People of Biafra (IPOB).
Although there have been no verified statistics revealing his net worth, it has been widely reported that Nnamdi Kanu’s net worth is around the above given figure.
Mazi Nnamdi Kanu spearheads the IPOB group agitating for separation and the re-emergence of the Biafra state which existed in Nigeria during the Civil War (1967 -1970). Kanu gained wide recognition in 2009 when he re-started Radio Biafra, which existed earlier during the Civil War as the Broadcasting Corporation of Biafra.
Nnamdi Kanu’s Net Worth Accrued From Different Sources
By 2014 Nnamdi Kanu was no longer a strange name to anyone in Nigeria, as he officially kick-started the separatist IPOB group which reinforced the advocacy for the independence of Biafra from Nigeria. He became rather notorious for his holistic approach and strategy toward this cause. In his infamy as well as his quest to gain Biafra, Kanu has accrued a lot of wealth through different sources.
Known sources of Nnamdi Kanu’s Net Worth include the following:
- Radio Biafra
Part of Nnamdi Kanu’s Net Worth Sprung From His Leadership Of The IPOB
The embattled fighter is known to receive a lot of voluntary donations from Biafra advocates. In 2020, Kanu publicly gave an account of the monies gotten from the IPOB defense fund which amounted to $143,000. This buttresses the group’s countless statements asserting that no single individual sponsors the organization.
Assertions like this are major reasons why calculating a verifiable net worth of Nnamdi Kanu proves daunting and tedious for the media. However, the fact that the IPOB leader always gives a transparent account of the group’s finances must be emphasized.
Kanu Also Earns From Radio Biafra
Despite controversies surrounding UK-based Radio Biafra (96.7 MHz), all reports point to the fact that Nnamdi Kanu operates the station and is responsible for its many engagements. This means that the bulk of the profits made by the station (as is expected of an average radio station) is managed by the IPOB leader.
There have been reports in the past suggesting conflicting stands between the IPOB and the Movement for the Actualization of the Sovereign State of Biafra (MASSOB) regarding the ownership of the radio station. While MASSOB leader, Ralph Uwazuruike, claimed it was owned by the group, the IPOB refuted this by buttressing with several statements that the former only sponsored it for three months.
Despite being the leader of the group, Mazi Nnamdi has faced some controversies with the IPOB regarding the finances of the station. The radio station had accused Kanu of embezzling funds for his personal use. However, the IPOB leader who also said he personally funded the station for about six months debunked the reports.
The Astute Leader Formerly Owned A Private Firm in the UK
Before the IPOB movement, Nnamdi Kanu co-founded Alpha-Phoenix-Consulting-Limited, in the UK. He and the co-founder Luke Chukuma Egemba ran the company which reportedly made over 200,000 pounds per year. However, the company is no longer in existence and there has been no verifiable information as to what transpired.
Nnamdi Kanu’s Houses and Cars
The leader of the IPOB is not known to have so many properties. Nnamdi Kanu has once publicly declared that the only house he owns was purchased by him in London. The house which is where his family resides was bought in 2001. In Nigeria, he is not known to have any properties.
The only house he has in Nigeria is located at Kanu drive, Umuahia, Abia state, and was built by his father. Nnamdi Kanu has been seen in a lot of vehicles making it difficult to identify those that actually belong to him. But it is generally known that he owns a Toyota Sienna (worth about N2.5 million) and a Nissan Maxima (worth about N1.5 million).