Buhari, Osinbajo reveal assets

The Presidency yesterday made public details of assets declared by President Muhammadu Buhari  and his deputy to the Code of Conduct Bureau (CCB). Both had made campaign promises to reveal their assets to Nigerians if they come to power. Senior Special Assistant to the President on Media and Publicity Malam Garba Shehu revealed the details […]

The Presidency yesterday made public details of assets declared by President Muhammadu Buhari  and his deputy to the Code of Conduct Bureau (CCB).
Both had made campaign promises to reveal their assets to Nigerians if they come to power.
Senior Special Assistant to the President on Media and Publicity Malam Garba Shehu revealed the details of the assets in a statement yesterday.
He said prior to being sworn in on May 29, Buhari had less than N30 million to his name. 
He said the president had only one bank account with the Union Bank.
President Buhari has no foreign account, no factory, no enterprises, no registered company and no oil wells.
He noted, however, that Buhari declared that he had shares in Berger Paints, Union Bank and Skye Bank.   
Buhari has 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”, Shehu said.
He said the documents also showed that President Buhari had two undeveloped plots of land, one in Kano and the other in Port Harcourt. 
He said the documents revealed that the president 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”, he said.      
He added also that Buhari 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.
He also disclosed that Vice President Yemi Osinbajo “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 (equivalent to N177million) in his bank accounts.
He said as revealed by the same forms, highlights of 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,” Garba said.
Buhari’s  declared assets, according to Garba, show that he has indeed been living an austere and Spartan lifestyle.
He added that this is contrary to what many might expect of a former head of state and one who has held a number of top government positions as governor, petroleum minister and the head of the Petroleum Trust Fund (PTF).
He said the documents submitted to the CCB are still being vetted and will would be released to the Nigerian public and people can see for themselves.