Declare Their Assets
The assets of President Buhari and Vice President Yemi
Osinbajo have finally been disclosed. Below is a press
statement from the presidency.
“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).
“The documents submitted to the CCB, which officials say
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.
“The Vice President, Professor Yemi Osinbajo (SAN) 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 in his bank accounts.
“President Buhari declared however that he had shares in
Berger Paints, Union Bank and Skye Bank.
“This is entirely unlike what one might expect from a
former head of state of a country like Nigeria.
“The documents also revealed that President Buhari had 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.
“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.
“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 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.
“As revealed by the same forms, highlights of the Vice-
President, Professor Yemi 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.
“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.”
Signed :
Garba Shehu
Senior Special Assistant to the President (Media and
Publicity)
