The estimated net worth of Nnamdi Kanu is N100 million, but other sources have placed it as high as $13 million. He is the commander of the Indigenous People of Biafra (IPOB).
Although there are no verifiable statistics regarding Nnamdi Kanu’s net worth, it has been widely reported that he has a net worth close to the amount above.
Mazi Nnamdi Kanu is the leader of the IPOB organization, which advocates for secession and the restoration of the Biafra state that existed in Nigeria during the Civil War (1967-1970). Kanu garnered widespread recognition in 2009 when he relaunched Radio Biafra, formerly known as the Broadcasting Corporation of Biafra during the Civil War.
Nnamdi Kanu’s Net Worth Accrued From Different Sources
In 2014, Nnamdi Kanu was no longer an unfamiliar name in Nigeria, as he formally launched the separatist IPOB group, which bolstered the campaign for Biafra’s independence from Nigeria. His holistic approach and strategy toward this cause earned him notoriety. Kanu has amassed a great deal of fortune from a variety of sources due to his notoriety and pursuit of Biafra.
Known sources of Nnamdi Kanu’s Net Worth include the following:
- Radio Biafra
Part of Nnamdi Kanu’s Net Worth Sprung From His Leadership Of The IPOB
The beleaguered combatant is known to receive numerous donations from Biafra supporters. Kanu provided a public accounting of the $143,000 received from the IPOB defense fund in 2020. This supports the group’s repeated assertions that there is no single sponsor for the organization.
This is one of the primary reasons why calculating Nnamdi Kanu’s verifiable net worth is difficult and time-consuming for the media. However, it must be emphasized that the IPOB leader always provides a transparent accounting of the organization’s finances.
Kanu Also Earns From Radio Biafra
Despite controversies surrounding UK-based Radio Biafra (96.7 MHz), all reports point to the fact that Nnamdi Kanu operates the station and is responsible for its many engagements. This means that the bulk of the profits made by the station (as is expected of an average radio station) is managed by the IPOB leader.
There have been reports in the past suggesting conflicting stands between the IPOB and the Movement for the Actualization of the Sovereign State of Biafra (MASSOB) regarding the ownership of the radio station. While MASSOB leader, Ralph Uwazuruike, claimed it was owned by the group, the IPOB refuted this by buttressing with several statements that the former only sponsored it for three months.
Despite being the leader of the group, Mazi Nnamdi has faced some controversies with the IPOB regarding the finances of the station. The radio station had accused Kanu of embezzling funds for his personal use. However, the IPOB leader who also said he personally funded the station for about six months debunked the reports.
The Astute Leader Formerly Owned A Private Firm in the UK
Before the IPOB movement, Nnamdi Kanu co-founded Alpha-Phoenix-Consulting-Limited, in the UK. He and the co-founder Luke Chukuma Egemba ran the company which reportedly made over 200,000 pounds per year. However, the company is no longer in existence and there has been no verifiable information as to what transpired.
Nnamdi Kanu’s Houses and Cars
The leader of the IPOB is not known to have so many properties. Nnamdi Kanu has once publicly declared that the only house he owns was purchased by him in London. The house which is where his family resides was bought in 2001. In Nigeria, he is not known to have any properties.
The only house he has in Nigeria is located at Kanu drive, Umuahia, Abia state, and was built by his father. Nnamdi Kanu has been seen in a lot of vehicles making it difficult to identify those that actually belong to him. But it is generally known that he owns a Toyota Sienna (worth about N2.5 million) and a Nissan Maxima (worth about N1.5 million).