Assets: Buhari Worth N30m; Osinbajo, N94m, $.9m | Independent Newspapers Limited
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Assets: Buhari Worth N30m; Osinbajo, N94m, $.9m

Posted: Sep 4, 2015 at 5:14 am   /   by   /   comments (0)

By Chesa Chesa, Abuja

There are revelations that President Muhammadu Buhari may have stated that his cash worth was about N30 million in the Assets Declaration Forms he submitted to the Code of Conduct Bureau (CCB) before assuming office on May 29, 2015.

It was also gathered that Vice-President Yemi Osinbajo, in his own assets declaration form about the same time had declared bank balances of N94 million and $900,000.

Yemi Osinbajo and Muhammadu Buhari

Yemi Osinbajo and Muhammadu Buhari

The issue of asset declaration by Buhari and Osinbajo had generated unceasing agitations from the public who have demanded that they make public their worth before assuming power on May 29, 2015.

Those demanding for public disclosure of the president’s assets and his vice had held them to an alleged promise during the campaigns that, if elected, they would both declare their assets publicly before starting work in the Presidency.

The Presidency has, however, denied making such promises.

However, a source in the Presidency hinted yesterday night that the documents submitted to the CCB by Buhari and Osinbajo were still being vetted and details would soon be made public.

According to the source, Buhari had declared that he had only one bank account, which he operates with the Union Bank, and had no foreign account anywhere.

Also, it is stated that the president had no factory, enterprise, registered company or oil wells.

He, however, declared that he had shares in Berger Paints, Union Bank and Skye Bank.   

Documents quoted by the source show that Buhari had a total of five houses and two mud houses in Daura. These include two houses in Kaduna, one each in Kano, Daura and in Abuja.

One of the mud houses in Daura was inherited from his late elder sister, and the other from his late father.

The President said he borrowed money from the old Barclays Bank to build two of his houses.

He also declared two undeveloped plots of land, one in Kano and the other in Port Harcourt, although he said he was still trying to trace the location of the Port Harcourt land.

Also in Daura, the President declared a farm, an orchard and a ranch, all holding 270 herds of cattle, 25 sheep, five horses, a variety of birds and a number of economic trees.   

The documents also revealed that Buhari, who was retired from the Army in 1985, 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.

He said 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 for Vice-President Osinbajo, a lawyer of many years before venturing into politics, his non-cash assets include his 4-bedroom residence at Victoria Garden City, Lagos, and a 3-bedroom flat at 2 Mosley Road, Ikoyi.

In the assets declaration forms, he also owned up to owning a 2-bedroom flat at the popular Redemption Camp along Lagos-Ibadan Expressway and a 2-bedroom mortgage property in Bedford, England.

Apart from his law firm, known as SimmonsCooper, the Vice-President also declared shareholding in six private companies based in Lagos, comprising Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and MTN Nigeria.

According to details shown on the form, the Vice-President also owns 19,000 pounds sterling 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.