The good guys at soft-sell, Encomium Weekly, appear to have done the maths – and they have now declared the Nigerian with the most expensive private jet in the country as we speak.
Drum-roll for … former Borno Governor, Ali Modu Sherriff!
According to a report by Encomium magazine, former Borno State Governor, Senator Ali Modu Sherriff has “toppled Bishop David Oyedepo as the owner of the largest fleet of private jets in Nigeria with the acquisition of a new jet valued at N11.5 billion”.
According to Encomium:
Former Borno State governor, Senator Ali Modu Sheriff has topped the chart of top 10 private jet owners in Nigeria with the acquisition of a brand new Gulfstream G650 model worth about $72 million (N29.5 billion). In November 15, 2013 Encomium Weekly’s check revealed that it’s the most expensive private jet among wealthy Nigerians who are privileged to have these expensive toys. The latest acquisition brings to four planes in his fleet.
We gathered that the aircraft, which was registered in Dubai with special specifications, is the fourth in his fleet, as the former governor already has three old Dornier aircraft which he acquired from Aero Contractors at an estimated $3 million (N1.2 billion).
The magazine also says he’s trying to evade the law: ,
According to our source, a Dornier aircraft is used for charter services as Sheriff recently obtained an Air Operator Certificate (AOC) from the Nigerian Civil Aviation Authority (NCAA) for his airline, Skybird. But a source said the Gulfstream was acquired for Sheriff’s personal use.
An operator who is aware of the purchase described the aircraft as top of the range, adding that it was unlikely that the former governor would deploy it for commercial service.
A Nigerian pilot and chief executive officer of an airline that provides charter services, said by registering the aircraft overseas, Sheriff had denied Nigeria taxes and import duty on the aircraft.
He added that no Nigerian pilot or engineer would be employed to operate or work on the aircraft because with the foreign registration, only pilots and engineers licensed in the United Arab Emirates would be authorised to operate and service the aircraft.
“By registering the aircraft overseas, he has avoided tax and import duty, which he should pay to a country where he is a citizen and from which he made the money which he now spends on a foreign crew,” he said.
The source also explained that Sheriff would also be paying overseas facility managers for the maintenance of the aircraft and would also pay charges to the company under which the aircraft was registered overseas.The main price of the aircraft is $65 million but other charges could have raised it to $72 million, and according to US-based Forbes magazine, the Gulfstream G650 has an order book of 200 customers throughout the world.
The second most expensive private jet in Nigeria is reportedly owned by Orji Uzor Kalu, a former governor of Abia state, who purchased a Gulfstream G650 for a whopping $72 million followed by Nigerian Afrobeats superstar Davido who disclosed the purchase of a brand-new Bombardier 7500 private jet, a new addition to his lifestyle. With a post to his X account, the singer wrote: “BOMBARDIER 7500 TEAR RUBBER!,”.
The Bombardier 7500 jet is known for its unparalleled luxury and technology. The average price for this jet is between $73 million and $78 million.
The Bombardier Global 7500 is the world’s largest and longest-range business jet. It has four living spaces, a full-size kitchen, and a dedicated crew suite. It can carry up to 14 passengers and has a cabin volume of 2,786 cubic feet. The Global 7500 can fly up to 17 hours non-stop and is suitable for business or family use.
here are some more private jet owners in Nigeria:
- Aliko Dangote – Founder of the Dangote Group
- Mike Adenuga – CEO of Globacom Ltd
- Allen Onyema – CEO of Airpeace
- Arthur Eze – CEO of Atlas Oranto Petroleum
- Igho Sanomi – Businessman
- Adedeji Adeleke (Davido’s father) – President of Adeleke University
- Cletus Madubugwu Ibeto – CEO of The Ibeto Group
- Apostle Johnson Suleman – General Overseer of Omega Fire Ministries
- Dr. Bryant (ABC) Orjiako – Chairman and co-founder of SEPLAT
- Femi Otedola – Businessman and Philanthropist
- Bishop David Oyedepo – General Overseer of Living Faith Church
- Joseph Arumemi-Ikhide – Founder of Arik Air
- Theophilus Danjuma – Nigerian Politician
- Pastor Adeboye – General Overseer of The Redeemed Christian Church of God
- Pastor Ayo Oritsejafor – Former President of the Christian Association of Nigeria
- Folorunsho Alakija – Businesswoman
- Atiku Abubakar – Politician
- Olusegun Obasanjo – Politician
- Rochas Okorocha – Politician
- Rotimi Amaechi – Politician
- Senator Ali Modu Sheriff – Politician
- Godswill Akpabio – Politician
- Obi Cubana – Businessman
- Phyno – Musician
- Ned Nwoko – Politician and Businessman
- Pastor Chris Oyakhilome – General Overseer of Christ Embassy
- Prophet Jeremiah Omoto Funfeyin – Founder of Christ Mercyland Deliverance Ministry
- Wizkid – Musician
- Patrick Ifeanyi Ubah – Politician
- Jimoh Ibrahim – Businessman
- Ernest Azudialu Obiejesi – Businessman
Records show that there are more than 200 private jet owners in Nigeria as of January 2024.
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