Oyo State Governor, Seyi Makinde Declares Asset Worth Over N48 Billion

Published 3 months ago by: Olusanya Akinrinola
at 11:10 PM, 15/07/2019 (3 months ago)

(3584 | Gistmaniac) (m)


Oyo State Governor Seyi Makinde today Monday July 15th. made public his asset, calling on any interested members of the public to verify the same with the Code of Conduct Bureau.

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.

“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.” the governor said

Details of the assets as contained in the CCB 1 deposited with the bureau in the name Oluseyi Abiodun Makinde, which was declared at the High Court of Oyo State, on May 28th 2019, 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 owed 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.

“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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Baye77 at 11:13 PM, 15/07/2019 (3 months ago)
(4616 | Gistmaniac) Online (m)

48billion?Huh?Huh??
Reply
tommy70 at 11:37 PM, 15/07/2019 (3 months ago)
(3019 | Gistmaniac) (m)

 Huh? Huh? Huh? Huh? Huh? Huh? Huh? Huh? Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed
Reply
Seyiology at 02:10 AM, 16/07/2019 (3 months ago)
(3 | Newbie) Online (m)

Reply
Brave5500 at 04:16 AM, 16/07/2019 (3 months ago)
(791 | Upcoming) (m)

How much tax does he pay monthly and how many workers does he pay monthly that amount his asset to be 48billion? This country is rubbish.... I am sure he has looted b4 coming to declare... EFcshit r climbing fence to make an arrest of ordinary Nigerians with phone and laptop Y d big thieves are here looting nation fund ewooooooo...
Reply
ficull at 04:51 AM, 16/07/2019 (3 months ago)
(2593 | Gistmaniac) (m)

I hope he isn't declaring future loot
Reply
Movik039 at 05:48 AM, 16/07/2019 (3 months ago)
(39 | Newbie) (m)

I love this man .not everybody that has money looted the treasury.
May God bless you sir .
Reply
KOSHIMANA at 09:57 AM, 16/07/2019 (3 months ago)
(111 | Upcoming) (m)

Hmmm 48billion  good one but which business him dey do wey he get all dese money abi na future asset he dey declare
Reply
Commonsense at 10:21 AM, 16/07/2019 (3 months ago)
(768 | Upcoming) (m)

Nigeria is in deep shit
Reply

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