Details of President Buhari, VP Osinbajo Assets Declaration

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President Buhari
President Buhari
President Buhari

President Muhammadu Buhari and Vice President Yemi Osinbajo on Thursday made public details of their assets which they have declared to the Code of Conduct Bureau.

According a statement by the President’s Senior Special Assistant, Media and Publicity, Garba Shehu, the President has about N30m in his only one bank account with Union Bank Plc, while the Vice President has a balance of N94m, $900,000 and 19,000 pounds.

According to Shehu’s statement, the President has 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.

But the statements did not disclose the worth of the landed property and other assets, which both the President and the Vice President had declared.However, Shehu said the President had no oil well and foreign bank accounts.

He said the President had two plots of undeveloped land in Kano and Port Harcourt. The President has not been able to ascertain the location of the Port Harcourt land, according to the statement.

The President is also said to have declared that he had a number of cars, two of which he was said to have 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,” the statement added.

He is said to have 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.

For the Vice President, Shehu said the Senior Advocate of Nigeria declared a four-bedroom residence at Victoria Garden City in Lagos, three-bedroom flat in Ikoyi, Lagos, two bedroom flat at Redemption Camp, Lagos-Ibadan Expressway, two-bedroom mortgaged property in Bedford, England.

He is said to operating his SimmonsCooper Law firm, which is based in Lagos, and has  shares in MTN Nigeria, Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd.,  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.

Shehu’s statement read in part, “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 N30m 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.

”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 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.The President 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 N90m, $900,000 and 19,000 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.”

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