
President Muhammadu Buhari and Vice-President Yemi Osinbajo have made
known their assets, with the President declaring less than N30 million and his
deputy a cash balance of N94 million and US$900,000 in his bank accounts. The
assets, which were still being verified by the Code of Conduct Bureau, it was
learned, also showed the President to have shareholdings in Berger Paints,
Union Bank and Skye Bank with a total of seven houses including two mud houses.
The President has two houses in Kaduna and one each in Kano, Daura and in
Abuja. The two mud houses are in his native Daura. One was inherited from his
late elder sister, another from his late father. He reportedly borrowed
money from the old Barclays Bank to build two of his homes. President Buhari,
according to the documents, has two undeveloped plots of land, one in Kano and
the other in Port Harcourt. He is believed to be still trying to trace the
location of the land in Port-Harcourt. The President also has farms, an orchard
and a ranch. The total number of his holdings in the farm, according to sources
privy to the declaration, include 270 heads of cattle, 25 sheep, five horses, a
variety of birds and a number of economic trees. The President is also reported
to have 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 SUV was
damaged in a Boko Haram bomb attack on his convoy in July 2014. Vice-President
Osinbajo, according to the assets declaration has a 4-bedroom residence at
Victoria Garden City, Lagos; a 3-bedroom flat at 2 Mosley Road, Ikoyi
and a 2-bedroom flat in the Redemption Camp of the Redeemed Christian Church of
God along the Lagos-Ibadan Expressway. The Vice-president also has a 2-bedroom
mortgaged property in Bedford, England. The Vice-President also has
shareholdings in his law firm, SimmonsCooper and in six private companies based
in Lagos, including Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion
Ltd., Aviva Ltd. and MTN Nigeria. The Vice-President’s bank balance, at
inauguration showed him to have about N94 million, US$900,000 and £19,000 in
Nigerian banks. The foreign currencies are in domiciliary accounts in Nigerian
banks. His vehicles, according to the declared assets include one Infinity
4-Wheel Drive SUV, one Mercedes Benz and a Prado SUV.
Source: Vanguard (online)