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Top 10 Richest People From Sokoto State And Their Net Worth
  • Finance
  • Net-Worth/Wealth
  • Nigeria

Top 10 Richest People From Sokoto State And Their Net Worth

When you hear Sokoto State, your mind probably drifts to serene Islamic scholarship, the Palaces of the Caliphate, or even the sprawling Argungu Fishing Festival. But hold up—beyond the spiritual and cultural gravitas lies another layer of Sokoto: wealth, influence, and entrepreneurial prowess.

This blog is your front row ticket to the top 10 richest individuals from Sokoto State—the movers and shakers blending politics, business, philanthropy, and tradition to build dynastic legacies. So grab your favorite jollof, make yourself comfortable—and let’s dive right in.


1. Alhaji Dahiru Mangal – Aviation, Oil & Logistics Mogul (~$800 million)

Starting off with a bang—this is Alhaji Dahiru Mangal, the founder of Max Air and a force to reckon with in aviation, construction, oil & gas, and logistics. Though officially tied to Katsina, his ancestral roots run deep in Sokoto, and his philanthropic reach spans the North. Recognition skyrockets beyond boardrooms; his name resonates in schools, hospitals, and markets across the region.


2. Senator Aliyu Magatakarda Wamakko – Politician & Property Mogul (~$300 million)

Next, we have the man who knows both corridors of power and property deals—but never loses cool. Wamakko, a former Sokoto governor and current senator, has heavily invested his political capital into real estate and agriculture. Have land? Name it. He’s likely built on it.


3. Alhaji Aminu Waziri Tambuwal – The Lawmaker Worth Millions (~$250 million)

Tambuwal has worn a lot of hats: former speaker, governor, lawyer, politician... and wealthy. His long stretch in politics netted him infrastructure deals, real estate receipts, and telecom stakes. He’s Sokoto’s political premium package.


4. Alhaji Muhammadu Buhari Bala – The Silent Real Estate King (~$200 million)

You might not hear him shout, but you’ll see his legacy in the roads and estates he builds. Muhammadu Buhari Bala, affectionately called “Buhari Sokoto,” commands respect through civil contracts and smart property plays that dot the skyline of Sokoto City.


5. Alhaji Abubakar Malami (SAN) – Legal Eagle & Asset Assembler (~$180 million)

Here’s the one with the lawyer swagger: Malami, former Attorney General of the Federation. He’s turned legal influence into real estate, oil, and hospitality investments—solidifying his presence both in the dirt of law and the richness of business.


6. Engineer Bello Suleiman – Energy Icon (~$150 million)

Back in the days when PHCN ruled energy in Nigeria, Engr. Bello Suleiman stood tall as its managing director and later a critical technocrat during privatization. His consulting fees, board positions, and industry wisdom translate into cold, hard cash.


7. Alhaji Faruk Malami Yabo – Investment Maestro (~$120 million)

Faruk Yabo knows how to play the long game. With roots reaching into finance, agriculture, logistics, and government affiliations, this southern Sokoto powerhouse quietly builds wealth while staying out of the headlines—like a wise elder you ignore until you need him.


8. Alhaji Dr. Ummarun Kwabo AA (Jarman Sokoto) – Business & Philanthropy Champion (~$100 million)

Now meet the people’s man. Ummarun Kwabo is a philanthropist with a construction, oil, real estate, and pharmaceutical empire under his belt. From sponsoring 100 mass weddings in Sokoto to building orphanages for IDPs, this man blends business with big-hearted legacy. 


9. Dr. Abdussamad Dasuki – Economist, Politician & Estate Investor (~$90 million)

Dasuki, son of the Sultan and former Sokoto Commissioner of Finance, balances academia, governance, and strategic real estate moves. He’s young, sharp, and already building a fortune smartly—his trajectory is one to watch. 


10. Mukhtar Shagari – Agricultural & Consultancy Powerhouse (~$150–200 million)

Rounding us off is Mukhtar Shagari, nephew of ex-President Shagari, ex-deputy governor, and minister. His wealth springs from agriculture, consultancy, and long government service. A politico with deep roots in both public service and rural transformation.


Bonus Mention: Sultan Muhammadu Sa’adu Abubakar III – The Spiritual and Cultural Tycoon (~$100 million)

Not originally in the list of "men in commerce," but you can’t ignore the richest monarch of the North. Sultan Sa’adu Abubakar is Nigeria’s spiritual Muslim leader and holds extensive land, religious, and cultural influence. With palace estates, a Rolls Royce, and deep spiritual authority, his $100 million net worth cements him as a powerful player—even if not typically in Forbes' traditional business lists. 


Quick Overview Table

Rank Name Estimated Net Worth Key Sectors
1 Dahiru Mangal $800M+ Aviation, Oil & Gas, Logistics
2 Aliyu Magatakarda Wamakko $300M Politics, Real Estate, Agriculture
3 Aminu Waziri Tambuwal $250M Politics, Real Estate, Telecoms
4 Muhammadu Buhari Bala $200M Construction, Civil Contracts
5 Abubakar Malami (SAN) $180M Law, Real Estate, Oil & Gas
6 Engineer Bello Suleiman $150M Energy, Consultancy
7 Faruk Malami Yabo $120M Agriculture, Investment, Politics
8 Ummarun Kwabo AA $100M Construction, Oil, Real Estate
9 Abdussamad Dasuki $90M Finance, Real Estate, Governance
10 Mukhtar Shagari $150–200M Agriculture, Consultancy, Politics
Sultan Sa’adu Abubakar III $100M Traditional Rule, Land, Spiritual Power

Why Sokoto’s Wealth Scene Is Uniquely Powerful

  • No Loud Flaunting — This is wealth that whispers. Real estate, political influence, oil, agriculture, and philanthropy—many of these guys keep a low profile.

  • Politics Meets Business — Almost everyone here has dabbled in governance, then invested smart. It’s the classic "Office + Assets" formula in Nigeria.

  • Old Money Mixed With New — Generations of influence and faith (like the Sultan) meet contemporary business strategies from tech and aviation.

  • Philanthropy Is the Badge — Folks like Kwabo—big wallets but bigger hearts—investing in marriages, orphanages, and education. Power with compassion.

Tags:
  • Finance
  • Net-Worth/Wealth
  • Nigeria
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