Buhari, Osinbajo discloses asset

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)