Home FEATURES President Buhari Is Worth N30 Million All His Life, His Declared Assets...

President Buhari Is Worth N30 Million All His Life, His Declared Assets Show

President Muhammadu Buhari
President Muhammadu Buhari

President Muhammadu Buhari, for all the services he had rendered to Nigeria, spanning military, ministerial position and others, prior to being sworn in on May 29 this year, had less than N30 million in his name with only one account in the Union Bank.
President Buhari had no foreign account, no factory, no enterprises, no registered company and no oil wells.
In the asset declaration documents submitted to the Code of Conduct Bureau (CCB), which the senior special assistant to the President on media and publicity, Garba Shehu made available to newsmen, showed that the retired General has 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).”
According to Garba Shehu, the documents submitted to the CCB, which are still being vetted and will soon be made public, indicated that Buhari declared 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,” a source who was given  the document to handle said.
“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.”
The statement also said that the Vice President, Professor Yemi Osinbajo (SAN) also submitted similar documents which showed that he has been a successful lawyer before his foray into politics even as he declared a bank balance of about N94 million and 900,000 United States Dollars in his bank accounts.
“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.”
Garba Shehu assured that 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.   [myad]

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