Oyo State Governor Seyi Makinde on Monday made public his
asset, calling on any interested members of the public to verify the
same with the Code of Conduct Bureau.
Makinde said he made his assets public so as to fulfill the promise
he made during the elections and also give the people a basis to
crosscheck after he might have finished serving them as the governor.
Details of the assets as contained in the CCB 1 deposited with the
bureau in the name Oluseyi Abiodun Makinde, indicated that the Governor
is worth about N50billion in assets.
The assets declaration form, marked OYSE/2019/001 contained details
of cash at hand, in the bank, landed properties (developed and
undeveloped), household items, share and bonds owned by the Governor,
his wife, Omini Makinde as well as his companies.
According to details of the asset form made public by the Chief Press
Secretary to Makinde, Mr. Taiwo Adisa, the Governor of Oyo State had
cash at hand and in the bank worth N234, 742,296.01, as at May 28, 2019.
In dollar terms, the Governor has cash valued at $30,056.99 as at the same date.
Properties, including the developed and undeveloped as well as
household items indicated on the asset forms, showed that the Governor
is worth N2, 624,800,500 (two billion, six hundred and twenty-four
million, eight hundred thousand, five hundred Naira) as at the date of
asset declaration.
In Dollar terms, the Governor also declared properties, developed and
undeveloped as well as household items valued at $4,400,000 (four
million, four hundred thousand dollars only.
In South African Rands, the Governor declared buildings and household
items worth four Million, four hundred and fifty-seven thousand, five
hundred and fifty-four and four South African Rands.
The houses declared by the Governor include nine buildings in
Nigeria, two in the United States of America and one in South Africa.
One of the properties in the United States is described as “jointly owned.”
The details showed the current value of Makinde’s companies stand at
N48, 150,736,889 (forty-eight billion, one hundred and fifty million,
seven hundred and thirty-six thousand, eight hundred and eighty-nine
Naira), with 33,730,000 units of shares as at May 28, 2019.
The Governor also has existing Bonds (Eurobond) worth $3,793, 500 as
well as shares, debentures and other securities valued at N120,500,000
(One hundred and twenty million, five hundred thousand naira).
The companies listed by the Governor include Makon Engineering and
Technical Services Limited; Energy Traders and Technical Services
Limited; Makon Oil and Gas Limited; Makon Group Limited, Makon
Construction Limited and Makon Power System Limited.
The asset declaration form indicated that Governor Makinde’s four
companies have additional assets denominated as loan notes including
Makon Engineering and Technical Services Limited (N1.7 billion); Makon
Power System Limited (N148.4 million); Makon Oil and Gas Limited (N341
million); Energy Traders and Technical Services Limited (N1.159bn)
totalling N3.389 billion.
The Governor who was at the CCB said he visited to get his copy of
the form duly signed as an attestation that anyone could assess the
document through the freedom of information Act on details of his asset,
just like he promised to do during the campaign period.
Makinde said:
“I came here to collect the photocopy of the form that I
signed in fulfillment of my campaign promise to the people that I will
declare my asset publicly and release the document to the public.“I will encourage all the members of my cabinet to do the same thing
but in as much as they stay within the ambit of the law, I will
encourage them to do the same.”
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