Details Buhari, Osinbajo’s Assets as Declared by Presidency in 2015 Emerge
State House, Abuja - In September 2015, the presidency disclosed details of the assets of President Muhammadu Buhari and Vice President Yemi Osinbajo, bowing to the public pressure that they must do so within their first 100 days in office.
Source: UGC
President Buhari's assets declared in 2015
According to a statement released by presidential spokesman, Garba Shehu, President Buhari had N30 million in his bank account before taking office on May 29, 2015.
The statement quoted details from the asset declaration forms filed by the two leaders at the Code of Conduct Bureau, Premium Times reported.
Also, President Buhari owns five houses in Kaduna, Daura, Kano and Abuja, and has two undeveloped plots of land, one in Kano and the other in Port Harcourt, the presidency said.
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The president equally has farms, an orchard, ranch, livestock including 270 cattle, 25 sheep, five horses, a variety of birds and a number of economic trees, according to the statement.
He has an unstated “number of cars”.
President Buhari has one bank account (with the Union Bank), no foreign account, no factory, no enterprises, and no oil wells, the presidency said.
It said the president has shares in Berger Paints, Union Bank and Skye Bank. According to the statement, two of President Buhari's houses in his native Daura are mud-made.
“He borrowed money from the old Barclays Bank to build two of his homes,” the presidency said.
VP Osinbajo's assets declared in 2015
Vice President Osinbajo had N94 million and $900,000 in his bank account before taking office on May 29, 2015.
He owns 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.
Apart from his law firm, known as SimmonsCooper, Osinbajo has shareholding in Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and MTN Nigeria – all based in Lagos.
The personal vehicles of Vice President Osinbajo are one Infinity 4-Wheel Drive SUV, one Mercedes Benz and a Prado Jeep.
Read the full statement released in 2015 below:
“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.”
AAC presidential candidate declares assets he owns
Meanwhile, Omoyele Sowore, the presidential candidate of the African Action Congress (AAC) for the 2023 general elections, has publicly declared his assets ahead of the polls.
The Socio-Economic Rights and Accountability Project (SERAP), a civic organisation, had in a Twitter post on Saturday, July 23, challenged the AAC presidential candidate to publish details of his assets and to publicly commit to rejecting vote-buying and electoral bribery before and during the elections.
Sowore said he had two cars, a house in his hometown in Ondo state worth N5 million among other assets.
Source: Legit.ng
