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Though the constitution makes it a confidential matter, his decision was borne out of his conviction, according to the Special Adviser to the President on Communication, Mr. Segun Adeniyi, that the war against corruption could not have meaning “until those at that helm begin to live by example.
The president, who also published his assets as governor of Katsina State, declared the assets at the Registry, FCT High Court, Abuja.
The details indicated that the value of the president’s assets is N856, 452,892. The assets include N19 million owned by his wife, Hajia Turai Yar’Adua.
The liabilities, according to the Special Adviser on Communication, show an outstanding loan taken from the Unity Bank Plc, Imani Estate branch, Maitama, Abuja, put at N88,793,269.77.
The president’s assets include remunerations, savings, campaigns, post campaign contributions, buildings and plots of land, farms and orchard, cash at hand and vehicles.
The president, who has no foreign account or assets, has the bulk of his assets listed under the remunerations, savings, campaigns, post-campaign contributions and 29 campaign vehicles located in Katsina and Abuja.
Also, the total annual income from his assets is put at N18.7 million while the First Lady has a total annual income of N132,000, which comes from the president.
A breakdown of the assets shows that the president has N43,702,892.43 as cash at bank, being remuneration, savings, campaign and post campaign contributions lodged with the Bank PHB.
While N26,602,681.00 stands as credit at the Bank PHB, Nagogo Road, Katsina State branch, N12,000,264.21 is in the Apapa, Lagos State branch. Also, N4,999,947.22 is at the head office of the bank in Kaduna .
Also, the president has N7.5 million as cash in hand, which was derived from savings, campaign and post campaign contributions.
The president declared N88,793,269.77 as his liabilities, being loans and debit at the Imani Estate, Maitama, Abuja branch of Unity Bank Plc (formerly Intercity Bank). These are in two accounts of N26,817,362.19 and N61,975,907.58.
President Yar’Adua also declared assets valued at N577,000,000 under buildings, vacant and undeveloped plots sections. This included the Yar’Adua family compound at Yar’Adua Quarters in Katsina State valued at N105,000,000. This was acquired through inheritance in November 1997. There is also a multi-storey building at A8 Wuse 2, Abuja, with a value of N212,000,000. The land was granted by the Federal Government to him in 1988.
There is also a duplex at Malali, Kaduna State, with a value of N120,000,000 that, according to the president, was originally a three-bedroom bungalow and a gift from his late elder brother, Major-General Shehu Musa Yar’Adua, and another 7-bedroom duplex at 2, Lema Jubril Close valued at N90,000,000 that was built from savings in 1987.
He also declared two farms worth N25,000,000 in Katsina State , with a vacant plot at Asokoro New Layout in Abuja valued at N50,000,000. This was granted by the Federal Government to him in 1998.
Other farms include the one at Ruwan Godiya in Faskari Local Government of Katsina State valued at N10,000,000. This was acquired in 1982. Another farmland and orchard is also located at Ajiwa, Batagarawa Local Government in Katsina State and is worth N15,000,000. It was acquired in 1993.
Under shares, debentures and other securities in and outside Nigeria, President Yar’Adua declared that he has 2,000,000 units of shares of Habib Bank acquired in 1998 which is in the process of being converted to Bank PHB; 100,000 unit of shares of Intercity Bank Plc also in the process of conversion to Unity Bank Plc and another 100,000 units of shares of Muradi Hotels Limited.
While disclosing that he has vehicles worth N181,250,000, the president stated that he had 29 new cars worth N174,700,000 in both Katsina and Abuja that he described as campaign vehicles, adding that he owns a Honda Accord car worth N350,000 and a Mercedes Benz worth N6,500,000.
The president, who went a step further to declare the assets of his wife and First Lady, Hajiya Turai, stated that she has a total asset of N19,000,000 made up of three local houses worth N1,5000,000 acquired in 1998; one twin bungalow valued at N15,000,000 located in Kofar Kaura layout in Katsina State acquired in 2002 and three vacant plots in Katsina acquired in 2003 worth N2,500,000.
He also disclosed that household furniture in Katsina acquired when he was a director of Habib Bank was worth N3,000,000.
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