FACT-CHECK: Is late Sen Uba’s net worth $170 billion as X user claims?

Claim: Senator Ifeanyi Uba estimated net worth is $170 billion.

Verdict: No evidence.

Full Text:

An X user (@drpenking) recently claimed that late Senator Uba’s net worth is $170 billion.

The social media user made the post to state that despite the wealth of the deceased, his remains were transported in “the part of the plane they put luggage for passenger planes and Stockfish for cargo planes”. In other words, the X user simply explains the vanity of life.

The claim resonates with popular belief and has garnered about 100k views and 1k engagement.

Senator Uba, a billionaire businessman and Nigerian politician of Anambra origin, died July 2024, with the burial scheduled for November 22.

READ ALSO: FACT-CHECK: Does photo show Peter Obi with Lagos gov Sanwo-Olu as X user claims?

The lawmaker, until his death, was a member of the All Progressives Congress. With many businesses under his belt, Senator Uba was into the oil and gas sector, football and media; he also had a foundation.

He reportedly died in London, the United Kingdom.

Verification:

Ripples Nigeria can confirm that Late Senator Uba has been recognised as one of the wealthy Nigerian politicians.

However, the net worth of the lawmaker cannot be authoritatively confirmed; searches do not return a credible source.

An article, which also presented an estimated net worth of the lawmaker, disclosed that it was based on speculations.

Further checks revealed no authentic source to confirm the net worth of the late lawmaker.

Conclusion:

There is no evidence to support the claim by social media user that the late lawmaker, Uba’s net worth is $170 billion.

By: Quadri Yahya

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now