UPDATED; Buhari, Osinbajo disclose assets

Buhari had less than N30 million on May 29
*Assets Declaration Form confirms Buhari’s austere lifestyle

President Muhammadu Buhari and Vice President Yemi Osinbajo have disclosed their assets showing that the President had less than N30million on May 29 upon assumption of office.

The documents submitted by President Buhari to the Code of Conduct Bureau (CCB) also showed that the 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 who has held a number of top government positions, such as governor, Minister of petroleum and head of the Petroleum Technology Development Fund (PTDF).

It also revealed that Buhari had only one bank account, with the Union Bank and had no foreign account, no factory and no enterprises.

Buhari, according to the documents, also had no registered company nor oil wells.

President Buhari, however declared that he had shares in Berger Paints, Union Bank and Skye Bank.

The documents also revealed that President Buhari has a total of five houses and two mud houses in Daura.

He has 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 and the other from his late father.

He borrowed money from the old Barclays Bank to build two of his houses.

President Buhari also has two undeveloped plots of land, one in Kano and the other in Port Harcourt.

While 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, according to the document, include 270 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.

A source, who had access to the document, said on a condition of anonymity: “This is entirely unlike what one might expect from a former head of state of a country like Nigeria,”
The documents which was submitted to the CCB, according to officials, are still being vetted and will soon be made public.

On his part, the Vice President Yemi Osinbajo, 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.

Highlights of Vice-President Yemi Osinbajo’s asset declaration, according to the documents, 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.

Apart from all these, the document showed that the Vice President has no other landed properties.

Besides 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 added.