At last! Presidency discloses details of Buhari, Osinbajo’s assets

buhari and osi

President Muhammadu Buhari and Vice President Yemi Osinbajo, finally, disclosed details of their declared assets Thursday, bowing to growing public pressure for the new government to do so within its first 100 days.

Mr. Buhari had N30 million in his bank account before taking office on May 29, while Mr. Osinbajo had N94 million and $900,000, the presidency said in a statement Thursday, quoting details from the asset declaration forms filed by the two leaders at the Code of Conduct Bureau.

The president owns five houses in Kaduna, Daura, Kano and Abuja, and has two undeveloped plots of land, one in Kano and the other in Port Harcourt, his office said.

Mr. Buhari also has farms, an orchard, ranch, livestock including 270 cattle, 25 sheep, five horses, a variety of birds and a number of economic trees, according to the statement.

He has an unstated “number of cars”.  

Vice President Osinbajo owns 4-bedroom residence at Victoria Garden City, Lagos and a 3-bedroom flat at 2 Mosley Road, Ikoyi.

He also has a 2-bedroom flat at the popular Redemption Camp along Lagos-Ibadan Expressway and a 2-bedroom mortgaged property in Bedford, England.

Apart from his law firm, known as SimmonsCooper, he has shareholding in Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and MTN Nigeria – all based in Lagos.

The disclosures came as the president faces growing criticism from Nigerians who have condemned his failure to form a cabinet and make public his assets more than three months in office.

Public outrage escalated in recent days after it became clear Mr. Buhari’s appointments so far lacked regional and gender balance.

A former military ruler, Mr. Buhari rode to a historic election win over incumbent President Goodluck Jonathan on March 28, on his pledge to stamp out rampant corruption.

He cut the picture of a no-nonsense anti-corruption fighter, and with his flaunted lifestyle of an austere leader who had no plush homes in Nigeria and abroad.

Ahead of the 2015 elections, the president narrated how he took a bank loan to pay for his party’s nomination forms, which sold for N27 million.

For many Nigerians, weary of the country’s unimaginable level of government corruption, Mr. Buhari’s sincerity about confronting the monster needed to start with his public declaration of assets.

More so, a transition committee set up by the president also advised Mr. Buhari to promptly deliver on his promise to declare his assets publicly.

But after taking office, Mr. Buhari dragged his feet.

The presidency explained he was awaiting verification of the declared assets by the Code of Conduct Bureau before making the details public.

A week away from the government’s 100th day, and faced by a distrustful public, the presidency and the ruling All Progressives Congress denied the president made any promise to Nigerians within his first 100 days in office.

A Premium Times report Tuesday proved that claim was a lie.

The statement from the presidency on Thursday painstakingly highlighted how Mr. Buhari, as a former leader who also served as petroleum minister and head of the petroleum development fund, was worth so measly in a country where less important officials are worth several billions of naira.

Mr. Buhari has one bank account (with the Union Bank), no foreign account, no factory, no enterprises, and no oil wells, the presidency said.

It said the president has shares in Berger Paints, Union Bank and Skye Bank.

Two of his houses in his native Daura are mud-made, the statement said.

“He borrowed money from the old Barclays Bank to build two of his homes,” the presidency said.

“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 presidency added.

The personal vehicles of Vice President Osinbajo are one Infinity 4-Wheel Drive SUV, one Mercedes Benz and a Prado Jeep, the statement also stated.

Full details of the declaration would be available to the public after verification by CCB, it said.

-Premium Times

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One Response to “At last! Presidency discloses details of Buhari, Osinbajo’s assets”

  1. Unknown's avatar

    Osinbajo with all these money, i thought he was just a lecturer and a pastor?

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