President Muhammadu Buhari and Vice
President Yemi Osinbajo yesterday made public their asset declaration
showing the President had less than N30million prior to assumption of
office on May 29th.
Osinbanjo on the other hand, declared a
bank balance of about N94 million and 900,000 United States Dollars in
his bank accounts, a statement by the Senior Special Assistant to the
President on media and publicity, Garba Shehu, revealed on Thursday.
According to the statement, documents
submitted to the Code of Conduct Bureau, which 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”
Shehu said.
Critics of the Buhari government have
been calling for the full disclosure of their assets as declared to the
Code of Conduct Bureau.
Documents submitted by
President Muhammadu Buhari to the Code of Conduct Bureau (CCB), show
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 Development Trust Fund (PTDF), Shehu added.
President Buhari declared however that
he had shares in Berger Paints, Union Bank and Skye Bank. President
Buhari, according to the document submitted at the CCB and quoted by
Shehu, has a total of five homes, and two mud houses in Daura. He has
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, Shehu said.
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, according to Shehu, 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.
Meanwhile, highlights of
Vice- President,Osinbajo’s asset declaration include his four
bedroom residence at Victoria Garden City, Lagos and a three bedroom
flat at 2 Mosley Road, Ikoyi.
The Vice President also has a 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 N94 million, 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
four-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.
Business day
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