Ibrahim Babangida Net Worth

Net Worth:$5 billion
Date of Birth: August 17, 1941 (82 years old)

What is Ibrahim Babangida’s Net Worth?

Ibrahim Babangida is a retired Nigerian Army general and politician who has a net worth of $5 Billion. From 1985 until his retirement in 1993, he presided as the military ruler of Nigeria.

After moving up the ranks, he held the position of Chief of Army Staff from 1984 to 1985. He then masterminded the takeover of Muhammadu Buhari’s government in a palace coup.


Ibrahim Babangida was born in Minna on August 17, 1941, to Aisha Babangida and Muhammad Babangida. He completed his fundamental Islamic education before to attending primary school from 1950 to 1956.

Abdulsalami Abubakar, Maman Vatsa, Mohammed Magoro, Sani Bello, Garba Duba, Gado Nasko, and Mohammed Sani Sami were classmates of Babangida’s at Government College in Bida from 1957 to 1962.

Babangida signed up to serve in the Nigerian Army on December 10, 1962. During his time in the service, he went to the Nigerian Military Training College in Kaduna. Babangida was given a commission from the Indian Military Academy on September 26, 1963, as a second lieutenant and regular combatant officer.

Prior to the Nigerian Army’s formation, the Royal Nigerian Army existed for a month. It was N/438, his individual army number. Babangida attended the Indian Military Academy from April to September of 1963 as a student.

He oversaw 1 Reconnaissance Squadron from 1964 to 1966 as its commanding officer. Between January 1966 and April 1966, Babangida attended the Royal Armoured Centre in the United Kingdom to complete his Younger Officers Course studies.

He received instruction in the Saladin armored car and gunnery there. The savage coup d’état that resulted in Sir Ahmadu Bello’s execution took place in Kaduna in 1966, where Lieutenant Babangida was stationed with the 1st Reconnaissance Squadron.

He joined a number of other young officers from Northern Nigeria in the counter-coup led by Murtala Mohammed that ousted General Aguiyi Ironsi and installed General Yakubu Gowon in July.


Babangida was called back to duty and assigned to the 1st Division, which was commanded by General Mohammed Shuwa after the civil war broke out. In 1968, he was given leadership of the 44 Infantry Battalion, which was savagely engaged in battle in the Biafran area.

In 1969, while traveling from Enugu to Umuahia on a reconnaissance assignment, Babangida was wounded in the right side of his chest. The bullet shrapnel was offered to be removed when he was being treated in a hospital in Lagos, but he declined and is still carrying it.

Babangida married Maryam King on September 6, 1969, while recuperating from his wounds and traveling. In December 1969, he went back to the battlefront and took command of a battalion.

From 1981 to 1983, Babangida oversaw the duties and plans for the Army Staff. He recruited businessman Moshood Abiola to provide financial support for the 1983 coup d’état that resulted in the fall of the Second Republic.

From 1983 to 1985, Babangida and his other conspirators designated General Muhammadu Buhari, the highest-ranking officer in the country at the time, as the military’s head of state.

Babangida also received a promotion, joining the Supreme Military Council and becoming Chief of Army Staff. After the coup d’état of 1983, General Babangida, who was at the time the Chief of Army Staff, started hatching plans to assassinate military ruler General Muhammadu Buhari.

A level of military expertise never before seen in coup preparation went into the 1985 takeover of the palace. After General Muhammadu Buhari, a longtime opponent was elected president in 2015, Babangida kept a low profile.

A corrective procedure was performed on Babangida in 2017. He has advocated for a generational transition in leadership to allow for the replacement of the military class of 1966 with a new generation. He is regarded as a leading elder statesman.

Personal Life

From 1969 till her passing in 2009, Babangida was wed to Maryam Babangida. Aisha, Muhammad, Aminu, and Halima were their four children collectively. Maryam Babangida passed away from ovarian cancer-related complications on December 27, 2009.

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