{"id":71904,"date":"2022-03-07T13:36:02","date_gmt":"2022-03-07T12:36:02","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=71904"},"modified":"2023-12-14T01:21:29","modified_gmt":"2023-12-14T00:21:29","slug":"ibrahim-babangidas-net-worth-cars-and-the-mansion-he-lives-in","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/ibrahim-babangidas-net-worth-cars-and-the-mansion-he-lives-in\/","title":{"rendered":"Ibrahim Babangida’s Net Worth, Cars and The House He Lives In"},"content":{"rendered":"
Ibrahim Babangida’s net worth is estimated at $5 Billion as of 2024. He owns a luxurious and beautifully furnished mansion<\/em> worth about $3 million in Minna, Niger State and the cars he drives include a Mercedes Benz 600 Pullman and a Rolls Royce. He accumulated his wealth primarily from his business acumen, pensions and benefits.\u00a0<\/strong><\/p>\n Ibrahim Babangida is a former Nigerian military head of state with a net worth estimated at $5 billion. The 82 years old retired Army General from Minna in Niger state ruled Nigeria from August 1985 to August 1993. Following his military career, he delved into business and also dabbled in politics, amassing tons of wealth along the way. All the wealth he has acquired has contributed to him being one of the richest people in Nigeria.<\/p>\n Even though he is less talked about, Ibrahim Babangida is one of the wealthiest people in Nigeria and Africa at large. The foundation for his net worth was first built through his military career before he diversified into various business endeavors.<\/p>\n Babangida was very popular as a no-nonsense man during his military career. On 26th September 1963, he graduated as a second lieutenant alongside Mohammed Magoro and they were among the first Nigerians to graduate from NMTC, Kaduna. He furthered his military training by registering for a course in the UK. He became commander of the 44 Infantry Battalion in 1964 and was transferred to the 1st Division under the command of General Mohammed Shuwa.<\/p>\n In 1968, IBB became the commander of the 44 Infantry Battalion which was part of the fight within the Biafran territory. After the war in 1970, he received a double promotion as an instructor and was posted to the Nigerian Defence Academy. In 1973, Babangida was appointed the commander of the 4 Reconnaissance Regiment and in 1975, he was made the commander of the Nigerian Army Armoured Corps. Babangida became the Director of Army Staff Duties and Plans in 1981.<\/p>\n From 1 August 1975 to October 1979, he served as one of the youngest members of the Supreme Military Council. He became the Chief of Army Staff in 1984. IBB took over the government of Nigeria when he was still serving as the chief of army staff under the administration of Major General Muhammadu Buhari<\/a>.<\/p>\nIbrahim Babangida’s Net Worth Grew as a Direct Result of His Military Career<\/strong><\/h2>\n