Buhari, Osinbajo Publicly Declare Assets, VP, A Closet Billionaire

This is coming against the backdrop of recent criticisms President Buhari’s administration has received from a large section of Nigerian public, over denials of many promises he made during his election campaign and perceived nepotism. An accusation, his lopsided appointments didn’t betray.

Buhari’s public declaration of asset may count as a fulfilment of one of his many lofty promises. It may also help to rebuild his administration’s fast eroding public goodwill in many quarters.

According to a statement by the Senior Special Adviser to the President on Media and Publicity, Mallam Garba Shehu. The asset declaration document filed by President Buhari and Vice-president Osinbajo to the Code of Conduct Bureau, shows that Osinbajo is three times as rich as Buhari.

The information contained in the document shows that Buhari has one bank account with Union Bank with a cash balance of N30 million naira,

The statement reads: “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”

He also stated that Buhari “has shares in Berger Paints, Union Bank and Skye Bank”.

He further added, “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”.

Shehu also stated that “the Vice President, Professor 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 United States Dollars in his bank accounts”.

” Vice-President, Professor Yemi 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.

“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.

“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 concluded.

An estimated value of VP, Yemi Osinbajo’s assets shows that he is a billionaire.