Buhari, Osinbajo Declare Their Assets Ahead Inauguration

Posted on May 28, 2019

President Muhammadu Buhari has in compliance with the constitution of the Federal Republic of Nigeria, submitted his assets declaration forms to the Code of Conduct Bureau (CCB), with no significant changes in assets as declared in 2015, when he said he had N30 million, five homes and 270 heads of cattle.

Garba Shehu, Senior Special Assistant to the President, Media and Publicity, said the president has submitted his forms in compliance with the law that asset declaration must precede his oath-taking slated for Wednesday.

According to Garba, the forms, as signed by the President and sworn to before a Judge of the Abuja High Court, showed no significant changes in assets as declared in 2015 by him.

“There are no new houses, no new bank accounts at home and abroad and there are no new shares acquired”, he said.

The implication is that the President’s assets have not significantly changed than he declared in 2015.

In 2015, Buhari declared that he had N30 million to his name.

He also had only one bank account, with the Union Bank, five homes, and two mud houses in Daura He declared two undeveloped plots of land, one in Kano and the other in Port Harcourt.

He also declared having 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”.

He declared ownership of 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.

President Buhari “had shares in Berger Paints, Union Bank and Skye Bank, which ran into crisis and has now been salvaged as Polaris Bank.

The Vice President Yemi Osinbajo, SAN, has also submitted his assets declaration forms to the Code of Conduct Bureau (CCB), ahead of the oath-taking ceremony slated for 29 May and declared ‘no significant change from the assets declared in 2015.

There are no new real properties, shareholding or bank accounts, said the Senior Special Assistant to the President on Research, Legal and Compliance Matters, Dr. Balkisu Saidu who submitted the completed forms to the Chairman of the CCB, Professor Mohammed Isa.

In 2015, Osinbajo declared bank balances of about N94 million and 900,000 United States Dollars.

He also declared 4-bedroom residence at Victoria Garden City, Lagos and a 3-bedroom flat at 2 Mosley Road, Ikoyi; 2-bedroom flat at Redemption Camp along Lagos-Ibadan Expressway and a 2-bedroom mortgaged property in Bedford, England.

Others assets declared are his law firm, known as SimmonsCooper, and shareholding in six private companies based in Lagos, including Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and MTN Nigeria.