Embassy News Home > Embassy News

Nigerian President And Deputy Declare Assets

20-Sep-2015

                

His Excellency

Muhammadu Buhari GCFR

President, Commander –in- Chief of Armed Forces

Federal Republic of Nigeria

Nigerian President Muhammadu Buhari and his deputy Professor Yemi Osinbajo have publicly declared their assets.

In a press statement issued on Thursday, by Garba Shehu, the Senior Special Assistant to the President on media and publicity, revealed that the President and Vice President have submitted documents detailing their assets to the Code of Conduct Bureau (CCB), an anti-corruption agency responsible for checking corrupt practices in the Nigerian Public service.

President Buhari, 72, has submitted that he owns 5 homes in Daura, Kano and Abuja, all in Nigeria’s northern region, as well as 2 mud houses in his village. Apart from his houses, Buhari owns 2 undeveloped plots of land in Kano and Port Harcourt. The Nigerian President also has an orchard and a ranch with 270 head of cattle, 25 sheep, 5 horses, a variety of birds and a number of economic trees in them. His other assets include stocks in 3 publicly listed companies – Berger Paints, a Nigerian manufacturer of paints and commercial banks Union Bank and Skye Bank. In terms of cash, he holds the Naira equivalent of $150,000.

The Vice President Yemi Osinbajo, a successful Nigerian Lawyer and academic owns a 4-bedroom residence in Victoria Garden City, Lagos and a three bedroom flat in Ikoyi, a highbrow area of Lagos. He also owns a 2-bedroom flat along the Lagos-Ibadan Expressway and a 2-bedroom mortgaged property in Bedford, England.

The Vice President who was formerly the Managing Partner in SimmonsCooper, a Lagos-based law firm he founded, also declared his shareholding in 6 private companies, including Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa, Vistorion Ltd., Aviva Ltd. and mobile telecoms giant MTN Nigeria.
Osinbajo also holds roughly $1.5 million in  cash currently deposited in Nigerian banks. He also owns 3 vehicles – an Infinity four-wheel drive SUV, a Mercedes Benz sedan and a Prado Jeep according to the documents he submitted.

Mr. Buhari was elected President in March 2015 on the hope that he could fight corruption, defeat Bokoharam terrorists and improve economic situation. The amounts he declared as a former Head of State and former Petroleum Minister confirmed that the retired General had been living a Spartan lifestyle, one of the qualities for which he was overwhelmingly voted into power.


Nigeria
Japan
Embassy InformationEconomic,Trade&InvestmentNigeria in FocusNigerian NewspaperNigeria Japan Relations

Sights & Sounds
© 2009 EMBASSY OF NIGERIA, JAPAN