Documents submitted by President Muhammadu Buhari to the Code of Conduct Bureau (CCB) show that at the time he was sworn in on May 29, President Buhari had less than N30 million to his name, a statement by the presidency said on Thursday.
President Muhammadu Buhari in his farm
The documents, which officials say they are still vetting and will soon make public, show Buhari had only one bank account, with Union Bank. He had no foreign account, no factory, no enterprises, no registered company and no oil wells.
The statement appears to have been prepared because of the impatience of the president in waiting for the CCB to undertake its tedious verification process.
According to the text, President Buhari declared he had shares in Berger Paints, Union Bank and Skye Bank.
The Vice President, Professor Yemi Osinbajo (SAN), who had been a successful lawyer before his foray into politics, declared about N94 million and 900,000 United States dollars in his bank accounts.
Said a source who examined the documents, about Buhari, “This is entirely unlike what one might expect from a former head of state of a country like Nigeria.”
The retired General had been Head of State of Nigeria. He had also held various government positions such as governor, Minister of Petroleum, and head of the Petroleum Development Trust Fund (PTDF).
The documents also revealed that President Buhari had a total of five homes, including two mud houses in Daura. Two of those properties are in Kaduna, and 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.
President Buhari also declared two undeveloped plots of land, one in Kano and the other in Port Harcourt, the location of which he is still trying to identify. It is unclear how that conundrum arose.
President Buhari also owns farms, an orchard and a ranch. His farm holdings 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 owns a number of cars, two of which he bought from his savings. The others were supplied to him by the federal government in his capacity as a former Head of State as provided by law. The rest were donated to him by well-wishers after his jeep was damaged in the Boko Haram bomb attack on his convoy in July 2014.
Professor Yemi Osinbajo’s assets 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 owns a 2-bedroom flat at the popular Redemption Camp off the Lagos-Ibadan Expressway, and a 2-bedroom mortgaged property in Bedford, England. 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 94m Naira, $900,000 US dollars and 19 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.
Source:Sahara reports.
Photo Credit: Wikipedia
0 comments:
Post a Comment
All content except noted photos and videos copyright © 2023, King Angela Uyi Creations.
All rights reserved. *Any images or videos not listed as mine are copyright to their respective owners and were used under creative common license or fair use standards. IF A PHOTO OR VIDEO IS YOUR MATERIAL AND YOU DO NOT WISH IT TO BE ON THE SITE, PLEASE EMAIL Us angelaeuyi@gmail.com AND WE WILL REMOVE IT IMMEDIATELY. Content created and maintained by King Angela Uyi.