Buhari Declares Assets, No Oil Wells or Foreign Bank Accounts

 



President Muhammadu Buhari and Vice President Yemi Osinbajo on
Thursday made details of their assets public, which had been declared to
the Code of Conduct Bureau…






In a statement by the President’s Senior Special Assistant, Media and
Publicity, Garba Shehu, the President has about N30m in his only bank
account with the Union Bank Plc, and the President had no factory, no
enterprises, no oil well and no foreign bank accounts while the Vice
President has a balance of N94m, $900,000 and 19,000 pounds in his bank
accounts.




It was also stated that the President had shares in Berger Paints,
Skye Bank and Union Bank and a total of seven houses, comprising two mud
and a standard house in Daura, his hometown; two homes in Kaduna, one
in Kano and one in Abuja – The President also has two undeveloped plots
of land in Kano and Port Harcourt. The President did not ascertain the
location of the Port Harcourt land, according to the statement.


Shehu said the president also has an orchard and a ranch in Daura
with 270 heads of cattle, 25 sheep, five horses, a variety of birds and a
number of economic trees in them, but the statement did not disclose
the worth of the landed property and other assets, which both the
President and the Vice President had declared.


Buhari was also said to have declared that he had several cars, two
of which he said were bought with 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
jeep was damaged in a Boko Haram bomb attack on his convoy in July
2014.”

For the Vice-President, Shehu said Osinbajo, a Senior Advocate of
Nigeria, declared a four-bedroomed residence at Victoria Garden City in
Lagos; three-bedroomed flat in Ikoyi, Lagos; two bedroomed flat at the
Redempion Camp, Lagos-Ibadan Expressway; and a two-bedroomed mortgage
property in Bedford, England.




The vice president operates his Simmons Cooper Law firm, which is based in Lagos and has shares in MTN Nigeria, Octogenerium Ltd., Windsor
Grant Ltd., Tarapolsa Vistorion Ltd., and Aviva Ltd., all of which are
based in Lagos.




Osinbajo is also said to have one Infinity 4-Wheel Drive SUV, one Mercedes Benz and a Prado Jeep.


Some legal professionals have argued that the asset declaration has
some loopholes, as the president and Vice president did not reveal if
that have liabilities as emphasized by the constitution – And that the
wife of the President not being a civil servant most also make her
assets public – While some other hailed Buhari’s leadership by example.



What do you think???