PRESIDENT AND VICE PRESIDENT DECLARE ASSETS.

After a long wait, the president and his vice have finally declared their assets publicly.
The assets of President Buhari and Vice President Yemi Osinbajo
have finally been disclosed. Below is a press statement from the
presidency.
“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.”
Signed :
Garba Shehu
Senior Special Assistant to the President (media and publicity)