Documents submitted by President Muhammadu Buhari to the Code of Conduct Bureau (CCB) showed that the president had less than N30 million in his account as at May 29 when he was sworn in as president.As at the same date, his deputy, Prof. Yemi Osinbajo (SAN), had N94 million, $900,000 as well £19,000 in his accounts.
The information contained in
the documents was yesterday, confirmed by the Senior Special Assistant to the
President on Media and Publicity, Mr. Garba Shehu.
Buhari, a former Head of
State, was at different times a governor, minister of petroleum and the head of
the Petroleum Trust Fund (PTF).The documents submitted to the CCB, which
officials said were still being vetted and would soon be made public, showed
that prior to being sworn in on May 29, Buhari had less than N30 million to his
name.He also had only one bank account with the Union Bank.Buhari had no foreign account,
no factory and no enterprises. He also had no registered company and no
oil well.
Osinbajo, who had been a
successful lawyer before his foray into politics, declared a balance of about
N94 million, US$900,000 and £19,000 in his bank accounts with the foreign
currencies kept in local domiciliary accounts.
The documents also revealed
that Buhari had shares in Berger Paints, Union Bank and Skye Bank had a total
of five homes, and two mud houses in Daura. He had two homes in Kaduna,
one each in Kano, Daura and 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.
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 president 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 a
former Head of State.The rest were donated to him by well-wishers after his
sports utility van (SUV) was damaged in a Boko Haram bomb attack on his convoy
in July 2014.
As revealed by the same forms,
highlights of 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
property 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. His personal vehicles
include 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.
culled
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