{"id":67495,"date":"2021-06-02T09:27:28","date_gmt":"2021-06-02T08:27:28","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=67495"},"modified":"2022-07-31T18:21:57","modified_gmt":"2022-07-31T17:21:57","slug":"sources-that-contribute-to-dino-melayes-net-worth-and-exotic-car-collection","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/sources-that-contribute-to-dino-melayes-net-worth-and-exotic-car-collection\/","title":{"rendered":"Sources that Contribute to Dino Melaye\u2019s Net Worth and Exotic Car Collection"},"content":{"rendered":"
Dino Melaye is perhaps one of the most influential politicians in Nigeria. He was a Nigerian legislator, a former congressperson, and an active member of the People’s Democratic Party (PDP). He used to be a member of the eighth Nigerian National Assembly representing the Kogi West Senatorial district. Dino is known for his flashy lifestyle and conflicting proclamations. In like manner, his affection for luxury vehicles is voracious, with huge loads of vehicles accessible in his garage.<\/span><\/p>\n The political career and ambition of the former member of the House of Representatives can easily be traced back to his days as an undergraduate when he was voted in as the President of the Student Union Government of Kogi State University. He later took up the role of the leader of the National Association of Nigerian Students. Even as he was a geography student, it never limited Dino\u2019s interest in political offices. No wonder he also was the Secretary-General of both the Commonwealth Youth Council and the African Youth Council.<\/span><\/p>\n In 2015, Dino Melaye hit full strides in politics when he contested and won the election to become a House of Representative member. He represented the Kabba\/Ijumu federal constituency of his home state, Kogi State. He did so under the umbrella of the People\u2019s Democratic Party. <\/span><\/p>\n As a House of Representatives member, Dino Melaye earned \u20a6800,000 as his basic monthly salary. When various allowances such as newspaper allowance, furniture allowance, wardrobe allowance, vehicle allowance, utilities, accommodation, and more are added, Dino Melaye took home around N9.8 million every month.<\/span><\/p>\n Dino Melaye later ran for a Senatorial office and was elected as a Nigeria Senator to represent Kogi West Senatorial zone, succeeding Senator Smart Adeyemi. <\/span>After completing his first tenure as a senator, he went for a second term in 2019 and initially emerged victorious. His second-term victory celebration was cut short as the election was canceled, and a new re-election date was scheduled for November 16, 2019. When the re-election result was announced<\/a>, Senator Smart Adeyemi emerged as the winner, having more votes than Dino Melaye.<\/span><\/p>\n As a Nigerian Senator, Dino Melaye earned the following as allowances monthly:<\/strong><\/p>\n His total allowance per month adds up to \u20a613.33 million, which in turn adds up to \u20a6159.96 million per annum. Each month, Dino Melaye took home \u20a6750,000 as his basic salary, making his annual salary \u20a69 million. In addition to the allowances and basic salary, he also got \u20a67.43 million, \u20a67.45 million, and \u20a69.94 million for allowances on severance, furniture, and motor vehicle, respectively.<\/span><\/p>\n While it is largely believed that a large chunk of Dino Melaye’s net worth comes from his political activities, the famous politician claimed otherwise, adding that he was a successful businessman before joining politics. It was through business that he began acquiring his enormous wealth. He claimed to have started by doing several menial jobs, <\/span>breeding goats, and selling their offspring. So far, his businesses include the following:<\/span><\/p>\n The Kano-born ex-lawmaker invested in the American giant fast-food company McDonald when America was experiencing a recession. Dino also revealed that he invested $350,000 into the fast-food company, and the current value of his investment after tax is about $1.2 million.\u00a0<\/span><\/p>\n It might surprise you to know that Dino is an author. He wrote the book <\/span>Antidotes for Corruption: The Nigerian Story<\/span><\/em>, his only book so far. His book was launched in May 2016 and had at its launch party graced by important dignitaries such as Vice President of the Federal Republic of Nigeria, Yemi Osinbajo<\/a>, Ex-First Lady Patience Jonathan<\/a>, ex-Senate President Bukola Saraki<\/a>, and a host of others. Upon its release, the book received lots of criticism, starting from its title to its contents. <\/span><\/p>\n Many questioned the book’s pedigree as they believe the author had no business writing against corruption as he has severally been labeled as corrupt. Others who had read the book also criticized its relevance. They described the books as a mere \u201ccut and paste\u201d of articles from various newspapers. A copy of <\/span>Antidotes for Corruption: The Nigerian Story\u00a0<\/span><\/em>is sold for \u20a650,000.\u00a0<\/span><\/p>\n Dino Melaye also claims to be into real estate. A couple of times, the rich politician was spotted posting pictures of his houses’ posh exterior and interior on social media. Although it has not been ascertained that he actually has real estate investment, going by what is typical with many rich politicians, business people, and Nigerians in general, it will be out of the ordinary if Dino does not have any real estate investment.<\/span><\/p>\nHere’s How Much Dino Melaye Earns As a Politician<\/span><\/strong><\/h2>\n
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Other Sources of Dino Melaye’s Net Worth Aside From Politics<\/strong><\/h2>\n
McDonald’s Investment<\/strong><\/h3>\n
Book Sales<\/strong><\/h3>\n
Real Estate<\/strong><\/h3>\n
A Look At Dino Melaye’s Luxury Car Collection<\/strong><\/h2>\n
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