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Buhari, Osinbajo declare assets, president’s assets worth less than VP’s

By Online Editor   |   03 September 2015   |   8:13 pm  
Buhari

Buhari

President Muhammadu Buhari and Vice President Yemi Osinbajo have made public their assets.

This was revealed in a statement signed by the senior special assistant to the president on media and publicity, Garba Shehu.

According to Shehu 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 United States Dollars 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,” a source who was given the document to handle said.

Shehu also said 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, Professor Yemi Osinbajo’s asset declaration include his 4-bedroom residence at Victoria Garden City, Lagos and a 3-bedroom flat at 2 Mosley Road, Ikoyi. The Vice President also has a 2-bedroom flat at the popular Redemption Camp along Lagos-Ibadan Expressway and a 2-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 ninety four million naira, nine hundred thousand US dollars and nineteen thousand pounds 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,” the source said.



  • Sobe.

    What can one say? Buhari is a gift to Nigeria. May almighty continue to guide and protect you.

    • mcleomat

      A big Amen

  • dave jacob

    Gradually, they are moving. But a corruption probe that is non-inclusive of the very thievish Obasanjo 1999-2007 presidency is NOTHING as his presidency was more corrupt than GEJ’s. Evidences to back this statement are myriad.

  • donloke

    Assets declared only. hmmmm,

  • Modestus nnadim

    Good way to start

  • amador kester

    Buhari is modest

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