Buhari,Osinbajo disclose assets

Assets Declaration Form Confirms Buhari Austere
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
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,” a
source who was given the document to handle said.
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
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
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,” the source said.


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