…President had less than N30m before May 29 …Vice-President, N94m, $900,000
President Muhammadu Buhari is worth about N30m and has seven houses, according to documents submitted to the Code of Conduct Bureau, CCB, yesterday.
Vice President, Prof. Yemi Osinbajo, on the other hand has a bank balance of N94m and $900, 000. This was disclosed yesterday in a statement by Senior Special Adviser on Media and Publicity to the President, Mr Garba Shehu as the duo formally declared their assets in line with the extant laws of the country.
According to the statement, President Buhari has two houses in Kaduna, one each in Kano, Daura and Abuja as well as two other mud houses, also in Daura.
The statement said: “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 N30m 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, Prof. Yemi Osinbajo, SAN, who had been a successful lawyer before his foray into politics declared a bank balance of about N94m and $900,000 in his bank accounts.
“President Buhari declared however that he had shares in Berger Paints, Union Bank and Skye Bank.
“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 includes 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, Prof. Yemi Osinbajo’s asset declaration includes 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 N94m, $900,000 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,” a source said.
