Chief Sunday Adeniyi Adeyemo (also known as Sunday Igboho) is a Nigerian politician and businessman with an estimated net worth of $500,000. He is also an activist and philanthropist who owns Adeson International Business Concept Limited. To his name are a number of cars and houses.
Igboho is also regarded as Akoni Oodua of Yoruba – the defender of the weak. He amassed his wealth through various means and has worked with numerous notable people, especially in the southwestern region of the country. Regardless of this, he has also attracted controversies and some of them have been linked to his wealth.
What is Sunday Igboho’s Net Worth?
Sunday Igboho’s net worth is estimated at $500,000. This is an equivalent of ₦230.1 million. With this wealth, he easily fits in among the most financially buoyant activists and protectors of the Yorubaland.
He started to build an empire from the ground up by taking menial jobs for money and later going into motorcycle repairs. Gradually, he began building several sources of income which now range from selling cars and politics.
How Sunday Igboho’s Net Worth Accrued
He was a Mechanic Before Starting an Automobile Business
According to sources, Sunday Igboho started a career as a mechanic before becoming famous. Subsequently, he owned an automobile company. He is the chairman and owner of an automobile company known as Adeson International Business Concept LTD in Nigeria.
Through the business, he has been able to acquire a fleet of cars and does not shy away from moving around with it. During his visits to community rulers, kinsmen, and friends he prefers to move along with an entourage in affluent cars, sharing money.
Owning an automobile company may be an added advantage to the luxury cars Sunday Igboho owns. He has about 10 personal cars in his garage outside those owned by his company. Some are;
- Prado SUVs
- Mercedes Benz G wagon- $125,000
- 2019 Mercedes Benz GLE Coupe- $55,228- $71,450
- Lexus GX 460-$52,300 -$70,000
He has Acquired His Wealth Through Politics and Activism
Sunday Igboho is best known for his agitations for the creation of a Yoruba nation called the Oodua Republic. The father of eleven has over time gained a presence and wealth in the Nigerian political arena.
His business in politics and political affiliations began in 1997 during the communal crisis between the Ife and Modakeke people of Oyo State. It was a crisis over the need for territory and land ownership.
The activist was one of the many youths at the time who were involved and fought in the battle. In 2000, he was ousted from Modakeke during the ruckus between the Nigerian Union of Road Transport Workers (NURTW) members and motorcycle riders
Mr. Igboho’s political career started to bear a semblance of fame at the time of the impeachment of the former governor of Oyo State, Rashidi Ladoja in 2006. The former president of Nigeria, Olusegun Obasanjo, and late Chief Lamidi Adedibu, an Oyo State political godfather were masterminds behind the impeachment.
They were said to have offered Sunday Igboho the sum of ₦100 million for his loyalty against Ladoja but he refused. The activist was a trusted aide of Ladoja and fought against the alleged plot of the political top guns in the state.
It is interesting to note that he is a key community stakeholder and youth leader under the Accord Party in Oyo State. He also plays a vital role in the political affairs of different Yoruba states such as Ogun and Osun States.
All of these have in different ways added to how much he has been able to make throughout his career which has led to an estimated net worth of $500,000.
He Allegedly Earns From Thuggery
The controversial Yoruba youth leader, Sunday Igboho, has been linked to a series of events related to thuggery. He has been accused of being a mercenary paid by politicians with evil agendas to carry out their plots.
It is a known fact that he is one of the pioneer youth leaders in the country. Therefore, he tends to work with youths, especially the southwestern youths. There have been reports of assaults and attacks on people as well as the seizing of lands and property. If this is true, then, it may as well be part of how he has acclaimed his wealth.
From one of the accusations levelled against him, Sunday Igboho waged an attack on the State Security Service (SSS) in Osun in 2021. He was said to have been leaving the palace of the Ataoja of Osogbo, Jimoh Olanipekun when the incident took place. His thugs attacked the government officials for unwarrantedly trailing the movements of Igboho.
Despite many of these allegations, there is no evidence that has been released to most people in the public space. Hence, we cannot say for sure is the allegations are true or not.
What Happened to Sunday Igboho’s House and How He Received a ₦20 Billion House Compensation
Sunday Igboho is a resident and owner of homes mostly in the southwestern region of Nigeria. One such place where his home is prominent is the Soka area of Ibabdan in Oyo State. He owns two respectable houses in the area.
In recent times, however, specifically in 2021, he suffered great losses that consequently affected both houses. The year started well for many people, including Sunday Igboho and so he never anticipated the loss that would come to him. On 25 January 2021, his house was set on fire in Soka and many believed the attack was carried out by the Fulanis and hoodlums in Oyo. This attack occurred shortly after Igboho threatened the Fulani in Oyo state to leave his land.
It may seem to be a revenge mission on the part of the Fulanis after the house, cars, and property of one of their leaders were also razed to the ground. They believed that Sunday Igboho masterminded the attack even though he denied any association with such an occurrence.
An attack that turned bloody was subsequently raised against the youth leader in his second home in Soka on 1 July 2021 at around midnight. Reports have it that this time around, the military or State Security Service was involved. According to sources, the house was surrounded by over 100 soldiers demanding Sunday Igboho o come out from hiding. Those that supposedly got into the house destroyed valuables such as cars and furniture.
In the process, two people were killed and others were left injured although Igboho was not in their midst nor was he found at home. The alleged soldiers sprayed their bullets into cars in the residence, and walls of the house and even brought down the installed POP in a bid to find the controversial Nigerian.
Months later, the high court in Oyo State ruled that the federal government pay Sunday Igboho the sum of ₦20 billion. This was to serve as compensation for the invasion of his home by the DSS and the destruction of valuables. It is nonetheless unclear whether the federal government has paid Sunday the compensation fee.