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About

Ibrahim Badamasi Babangida is a retired Nigerian general and politician who served as the military president of Nigeria from 1985 to 1993. He came to power through a military coup against Muhammadu Buhari. His time in office was marked by significant economic reforms and political transition programs. Babangida ultimately resigned amidst political turmoil and the annulment of the 1993 presidential election.

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Career Timeline

1983D$0.1M

Joins Military Ruling Council

Babangida joins the military council, increasing influence and wealth.

1985B▲▲$10M+$9.9M

Seizes Power in Military Coup

Babangida becomes President after overthrowing Buhari, amassing power and wealth.

1990A$50M+$40M

Survives Orkar's Coup Attempt

Babangida survives a violent coup, consolidating his power at the time.

1993B$300M+$250M

Annuls Presidential Election

Babangida annuls the election, causing political crisis and widespread condemnation. This forced his resignation and damaged his reputation.

1999C$400M+$100M

Faces Scrutiny, Investigations

Babangida faced scrutiny over corruption allegations and the annulled election. Net worth declined due to sanctions.

2010C$450M+$50M

Runs for President

Babangida's attempt to run for president was unsuccessful due to his reputation.

2026C$500M+$50M

Retired General and Politician

Babangida remains a controversial figure, living a relatively private life. His legacy is debated.

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Last updated: February 25, 2026