Assets: Buhari had N30m on May 29, Osinbajo N94m, $900,000
Ahead of his 100 days in office, President Muhammadu Buhari and his Vice, Prof Yemi Osinbajo, have revealed details of the assets they declared to the Code of Conduct Bureau on assumption of office on May 29.
According to the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, the documents would soon be made public once CCB completes vetting.
The documents submitted by President Muhammadu Buhari to the Code of Conduct Bureau 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 Trust Development Fund.
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, Prof. 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 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,” a statement from the Presidency said on Thursday.
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 includes 270 heads of cattle, 25 sheep, five horses, a variety of birds and a number of
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’s asset declaration include his four-bedroom residence at Victoria Garden City, Lagos and a three-bedroom flat at 2, Mosley Road, Ikoyi.
The Vice President also has a two-bedroom flat at the popular Redemption Camp along Lagos-Ibadan Expressway and a two-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 Limited, Windsor Grant Limited, Tarapolsa, Vistorion Limited, Aviva Limited and MTN Nigeria.
According to details shown on the form, the Vice-President has about N94 million, $900,000 and £19,000 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,” Shehu said.