Buhari, Osinbajo declare asset ahead inauguration – Independent Observers

Buhari, Osinbajo declare asset ahead inauguration

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By Danladi Al-Hassan

President Muhammadu Buhari and Vice President Yemi Osinbajo submitted their respective asset declaration forms to the Code of Conduct Bureau on Tuesday, meeting the May 28 deadline the Bureau set for public officers to make their end of tenure declaration.

Both Buhari and Osinbajo were inaugurated for a second term on Wednesday (today) for another four years.

By constitutional provisions, the declaration is mandatorily to precede the oath-taking today.

The Presidency in a statement by Buhari’s Senior Special Assistant on Media and Publicity, Mr Garba Shehu said the President’s forms were submitted on behalf of the president by one of his aides.

“The duly completed forms were submitted to the Chairman of the CCB, Prof Mohammed Isa, on behalf of the President by Sarki Abba, Senior Special Assistant, Household and Domestic Affairs.”

Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in another statement late Tuesday disclosed that the submission of the forms by the vice president follows right after President Muhammadu Buhari submitted his forms.

It said Dr. Balkisu Saidu, the Senior Special Assistant to the President on Research, Legal and Compliance Matters, Office of the Vice President, submitted the completed forms to the Chairman of the CCB, Prof. Mohammed Isa, on behalf of the vice president.

In his asset declaration form, the President claimed not to own new property than the assets he declared in 2015 when he began his first term.

The Presidency said, “The forms, as signed by the President and sworn to before a Judge of Abuja High Court, showed no significant changes in assets as declared in 2015 by him.

“There are no new houses, no new bank accounts at home and abroad and there are no new shares acquired.

“The chairman of the CCB commended the President for leading by example by declaring his assets in accordance with the law.”In September 2015,Buhari through a statement by Shehu, mentioned the assets he had declared at the CCB before assuming office.

On the list were N30m in his bank account, 270 cows, 25 sheep, five horses, birds and economic trees, there were five houses in Kaduna, Daura, Kano and Abuja. He said the Daura houses were made of “mud.”

He also owned a plot of land each in Port Harcourt and Kano; farms, an orchard and some cars.

The President operated an account with Union Bank, but the statement said he neither owned a foreign account nor any company/factory.

Among the property declared were shares in Berger Paints, Union Bank and Skye Bank.

The Presidency had said further, “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 a 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.”

Also, for Prof. Osinbajo, compared to those declared in 2015, the forms showed no significant changes in his assets; as there were no new real properties, shareholding or bank accounts.

Them for Vice-President Yemi Osinbajo, the Presidency stated that he had, “A bank balance of about N94m and 900,000 United States Dollars in his bank accounts.”

The houses owned by Osinbajo back then were listed as “four-bedroomed residence on Victoria Garden City, Lagos, and a three-bedroom flat on 2, Mosley Road, Ikoyi;  two-bedroom flat on Redemption Camp along Lagos-Ibadan Expressway and a 2-bedroom mortgaged property in Bedford, England.”

The Presidency added, “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.”


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