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At last, Buhari, Osinbajo declare assets

By Mohammed Abubakar, Abuja   |   04 September 2015   |   2:54 am  
Buhari

Buhari

•President worth N30m in May; VP- N94m, $900,000, £19,000

THE Presidency last night released details of President Muhammadu Buhari’s declaration of assets, which put his net worth at less than N30 million.

Also, his deputy, Prof. Yemi Osinbajo, a successful lawyer and accomplished university teacher, was said to have about N94 million and $900,000 in his bank accounts.A snippet of Buhari/Osinbajo’s asset declaration form released by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, read: “Documents submitted by President Muhammadu Buhari to the Code of Conduct Bureau (CCB), on May 28 showed that the retired General has indeed been living an austere and spartan lifestyle, contrary to what many might expect of a former Head of State of Nigeria and one who has held a number of top government positions, such as governor, Minister of Petroleum and the head of the Petroleum Special Trust Fund (PTF).

“The documents submitted to the CCB, which officials say are still being vetted and will soon be made public, show that prior to being sworn in on May 29, President Buhari had less than N30 million to his name.  He also had only one bank account, with the Union Bank. President Buhari had no foreign account, no factory and no enterprises.  He also had no registered company and no oil wells.

“The Vice President, Professor Yemi Osinbajo (SAN) who had been a successful lawyer before his foray into politics declared a bank balance of about N94 million and $900,000 in his bank accounts.

“President Buhari declared however, that he had shares in Berger Paints, Union Bank and Skye Bank. This is entirely unlike what one might expect from a former head of state of a country like Nigeria.

“The documents also revealed that President Buhari had a total of five homes, and two mud houses in Daura. He had two homes in Kaduna, one each in Kano, Daura and in Abuja. One of the mud houses in Daura was inherited from his late older sister, another from his late father. He borrowed money from the old Barclays Bank to build two of his homes.

“President Buhari also has two undeveloped plots of land, one in Kano and the other in Port Harcourt.  He is still trying to trace the location of the Port Harcourt land.

“In addition to the homes in Daura, he has farms, an orchard and a ranch. The total number of his holdings in the farm include 270 heads of cattle, 25 sheep, five horses, a variety of birds and a number of economic trees.

“The documents also showed that the retired General uses a number of cars, two of which he bought from his savings and the others supplied to him by the Federal Government in his capacity as former Head of State.  The rest were donated to him by well wishers after his jeep was damaged in a Boko Haram bomb attack on his convoy in July 2014. “As revealed by the same forms, highlights of the Vice-President, Prof. Yemi Osinbajo’s asset declaration include his four-bedroom residence at Victoria Garden City, (VGC) Lagos and a three-bedroom flat at 2 Mosley Road, Ikoyi. The Vice President also has two-bedroom flat at the popular Redemption Camp along Lagos-Ibadan Expressway and a two-bedroom mortgaged property in Bedford, England. Aside from these, the Vice President has no other landed properties on the form.

“Apart from his law firm, known as SimmonsCooper, the vice-president also declared shareholding in six private companies based in Lagos, including Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and MTN Nigeria.”

According to details shown on the form, the Vice-President has about N94million, $900,000 and £19,000 in Nigerian Banks with the foreign currencies kept in local domiciliary accounts. His personal vehicles are one Infinity 4-Wheel Drive SUV, one Mercedes Benz and a Prado Jeep.

“As soon as the CCB is through with the process, the documents will be released to the Nigerian public and people can see for themselves,” Shehu said.



  • agbobu

    GOODLUCK JONATHAN HAS A 500 MILLION DOLLARS FARM IN ABUJA AMONGST A LOT OF OTHER VERY OBSCENE AND RECKLESS LOOTS

    • remm ieet

      Indeed, Jonathan was and still is reckless. The man came to serve himself

      • D Oladapo

        Hnnn, my brother Jonathan told the world he was shoeless, now opportunity came for him as a half baked politician and President, he exclamated ”Hey mama, come and see money in NNPC account”
        What happened next? looting, looting and looting.
        He went to the NTA lectured Nigerians, stealing is different from corruption. You know what, if you put yam tuber close to a goat, what would you expect from a goat?
        My brother l now leave to solve the puzzle.
        Have a wonderful weekend.
        Your guardian reader

      • agbobu

        BUT EVERY DAY IS FOR THE THIEF BUT ON DAY IS FOR THE OWNER WE THE PEOPLE. GOODLUCK JONATHAN AND HIS GANG OF THIEVES AND ROBBERS. THEY ALL DESERVE THE CAPITAL PUNISHMENT

  • Dan taxi Abdulkareem

    The declaration should have been made at the beginning of time, not now that they have manipulated the document and discard most important ones, Nigeria can never stop amazing me.

    • Maigari

      Really sie. One would have thought that the declarations were made immediately after their inauguration. What happened now is that the declaration were made available to the Public with the CCB to fully disclose whatever it is that may nor have been reflected in the release. The whole furore was that the President and his Deputy should make available their declarations to the general public; which is what they did now.

  • Dan taxi Abdulkareem

    Islam never teach us to be treacherous. Here in America its never done that way.

  • Dan taxi Abdulkareem

    How much is Osinbanjo salaries to have earn 94million and 900thousand dollars? They are criminals. Buhari what about your home in Britain, how much do banked in London? You all are playing with Nigerian populace

    • D Oladapo

      have said on this forum that some braiwashed Nigerians need brain surgery as soon as possible.
      Fake Abdulkareem must be number one on the priority list, on the basis that his head start rotten if no action is not taken now.
      If he dies now, every blame will be shifted on Buhari administration.

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