Femi Gbajabiamila Net Worth

Net Worth:$5 Million
Date of Birth: June 25, 1962 (61 years old)
Profession:Politician, Lawyer

What is Femi Gbajabiamila’s Net Worth?

Femi Gbajabiamila is a Nigerian lawyer and politician who has a net worth of $5 million. As of this writing, he is the current speaker house of representative and a member of the All Progressive Party (APC).

Early Life

Olufemi Hakeem Gbajabiamila was born on 25 June 1962 in Lagos, Nigeria. He attended Mainland Preparatory School for his primary education before completing his senior education at Igbobi College in 1973.

He then enrolled in King William’s College on the Isle of Man in the United Kingdom to complete his A-Levels. He secured admission in University of Lagos, Nigeria where he studied Law. He earned his Bachelor of Law (LL.B.) in 1983 with honors and was admitted to the Nigerian bar in 1984.

Political Career

In the seventh National Assembly, Gbajabiamila served as the minority leader in the House of Representatives. He served as the chairman of the House of Representatives special committee that investigated the allegations made by the Asset Management Company of Nigeria (AMCON) regarding debts owing by “Zenon Petroleum & Gas Limited” and “Forte Oil Plc” totaling 140.9 billion naira (approximately $1 billion).

Following the passing of the Petroleum Industry Bill (PIB) in August 2021, Gbajabiamila and other lawmakers were charged with accepting bribes to ensure the legislation’s advancement despite strong public opposition to some of the wording.

Corruption Allegations

The Minister of State for Petroleum Resources Timipre Sylva and Senator Bassey Albert Akpan of Akwa Ibom North East reportedly orchestrated payments totaling at least $10 million for legislators, with Gbajabiamila and Senate President Ahmad Lawan receiving between $1.5 million and $2 million each.

National Honor

Muhammadu Buhari, the president of Nigeria, conferred on him the title of Commander of the Order of the Federal Republic (CFR) in October 2022.

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