Buhari Declares Less Than N30Million, 7 Houses As Assets…Osinbajo Owns N94m, $900,000

President Muhammadu Buhari ‎today made public details of his assets as at May 29th when he was sworn-in, stating that he had less than N30 million to his name, seven houses in Abuja, had no foreign account, no registered company and no oil wells. The presidency in a statement also said, Vice President, Prof Yemi Osinbajo, also had a bank account balance of about N94 million and $900,000 in his bank accounts.

The President’s Senior Special Assistant on Media and Publicity, Garba Shehu, in the statement quoted documents submitted by President Buhari and Vice President Osinbajo to the Code of Conduct Bureau (CCB).

According to the statement, the documents show that Buhari, a 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 Development Trust Fund (PTDF)”.

The documents which CCB officials say were still being vetted and to be made public soon, “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”.

Shehu said Buhari has declared that he had shares in Berger Paints, Union Bank and Skye Bank. The documents also revealed that President Buhari had a total of five homes, and two mud houses in Daura, 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”, Shehu quoted the document.

President Buhari also said he owns 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”, his media aide said. “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”.

Osinbajo’s asset declaration includes 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 Simmons Cooper, 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 N94 million, $900, 000 US dollars and nineteen thousand pounds in Nigerian Banks with the foreign currencies kept in local domiciliary accounts. His personal vehicles are one Infiniti 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 statement added.