Presidency Unveils Buhari, Osinbajo’s Assets

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*President: N30m  in bank credit balance by May 29, 5 homes, shares, farms
VP: N94m, $900,000, £19,000 credit balances; law firm, interest in coys, including MTN, etc
President Muhammadu Buhari’s total credit balance in his account with his bank before he was sworn in onMay 29 this year was N30m, his media aide, Garba Shehu said on Thursday in a statement.
He further said Buhari’s deputy, Yemi Osinbajo (SAN) also had a credit balance of N94 million and $900, 000 in his bank accounts.
The figures were generated from the documents submitted to the Code of Conduct Bureau (CCB), which officials say are still being vetted and will soon be made public.
The CCB filing also showed that the President 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, Garba Shehu, the President’s senior media aide, said in a statement.
Similarly,  Osinbajo 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.
“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.
As revealed by the same forms, highlights of the Vice-President’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.
“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,” the source said.
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