Thursday, September 3, 2015
BUHARI AND OSIBANJO MAKE PUBLIC THEIR ASSETS
The Presidency has said President
Muhammadu Buhari as at May 29th
when he was sworn-in had less than
N30 million to his name, had no foreign
account, no registered company and no
oil wells.
It also said Vice President Yemi Osinbajo,
a successful lawyer before his foray into
politics, had a bank balance of about
N94 million and $900,000 in his bank
accounts.
The Special Assistant on Media and
Publicity, Garba Shehu, in a statement
quoted documents submitted by
President Buhari and Vice President
Osinbajo to the Code of Conduct Bureau
(CCB).
According to Shehu, the documents show
that Buhari, a 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)”.
The Presidential Media aide said the
documents which CCB officials say were
still being vetted and to be made public
soon, “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 Buhari has declared that he
had shares in Berger Paints, Union Bank
and Skye Bank.
The documents also revealed that
President Buhari had a total of five
homes, and two mud houses in Daura,
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,” Shehu quoted the document.
President Buhari is also said to own 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,” his media aide 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 herdss of cattle, 25 sheep, five
horses, a variety of birds and a number
of 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″.
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 94 million
Naira, 900,000 US Dollars and
19,000 Pound Sterlings 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,” it was stated in the
statement.
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