Saturday, September 5, 2015

President Buhari, Osinbajo Publicly Declare Assets..See What they Own

The Code of Conduct Bureau has revealed to the public all the assets declared by the President of the Federation and his vice.  

Documents submitted by President Muhammadu Buhari to the Code of Conduct Bureau (CCB) has revealed  that the president had less than N30 million in his account as at May 29 when he was sworn in as president.
 Also, his deputy, Prof. Yemi Osinbajo (SAN), had N94 million, $900,000 as well £19,000 in his accounts.
 The pair had promptly filled and submitted their assets declaration forms to the CCB before they were sworn in. But the details were not made known to the public.
The information contained in the documents was on Thursday, Septemmber 3 confirmed by the Senior Special Assistant to the President on Media and Publicity, Mr. Garba Shehu.
 Buhari, a former Head of State, was at different times a governor, minister of petroleum and the head of the Petroleum Trust Fund (PTF).
 The documents submitted to the CCB, which officials said were still being vetted and would soon be made public, showed that prior to being sworn in on May 29, Buhari had less than N30 million to his name.
 He also had only one bank account with the Union Bank.
 Buhari had no foreign account, no factory and no enterprises.  He also had no registered company and no oil well.
 Osinbajo, who had been a successful lawyer before his foray into politics, declared a balance of about N94 million, US$900,000 and £19,000 in his bank accounts with the foreign currencies kept in local domiciliary accounts.
 Buhari declared however that he had shares in Berger Paints, Union Bank and Skye Bank.  
 The documents also revealed that 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 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.
 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 president 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 a former Head of State.
 The rest were donated to him by well-wishers after his sports utility van (SUV) was damaged in a Boko Haram bomb attack on his convoy in July 2014.

When News Breaks Out, We Break In. (The 2014 Bloggies Finalist)

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