Makinde Submits Asset Declaration Form To CCB

Written by on 28 — 05

Oyo State Governor, Seyi Makinde has declared that he has become poorer than he was in 2019 after the completion of his first term tenure of four years.

Makinde who was received by the Director of CCB in Oyo state, Mr Bisi Atolagbe, made this declaration on Friday, May 26 while addressing journalists at the Ibadan Office of the Bureau shortly after submitting his asset declaration form.

It would be recalled that Governor Makinde in compliance with the Code of Conduct Law which mandates public office holders to declare their assets while assuming and exiting office, published his asset declaration document in 2019 showing he had in excess of N48 billion in both cash and properties.

It was gathered that it is however, not compulsory to make the details of assets public.

Asked for details of the content in his assets declaration form, Makinde, who is yet to publicly disclose how much he is now worth said, “well, statutorily you have to declare your assets on assumption of office at the end of the tenure. So, since one tenure is ending on midnight Sunday, and by law I have to do declaration of assets before assuming office for the next tenure so, I came in here to submit my end of tenure for the first term asset declaration.

“I believe you’re all aware of my declaration for the first tenure but I can tell you in four years, I’m poorer because I’ve not really had the chance to look after my business. We’ve been looking after Oyo state business so, I’m not surprised there were losses a bit here and there but I’m still okay.”

Further recall that Makinde’s former Chief Press Secretary, Taiwo Adisa in statement in 2019, the governor’s CCB OYSE/2019/001 form filed on May 28, 2019, showed he had N48 billion in cash and asset.

The asset was categorised in cash at hand, in the bank, landed properties (developed and undeveloped), and household items.

They also include shares and bonds owned by the governor, his wife, Omini Makinde, as well as his companies.

According to Adisa, as of May 28, 2019, Makinde’s bank balance stood at N234, 742,296.01 while in dollar terms, he 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.

In dollar terms, Makinde also declared properties, developed and undeveloped as well as household items valued at $4,400,000.

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 Governor Makinde include nine buildings in Nigeria, two in the United States of America and one in South Africa.

The details showed the current value of Makinde’s companies stands at N48, 150,736,889, including 33,730,000 units of shares as of May 28.

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 governor also listed companies that include Makon Engineering and Technical Services Limited; Energy Traders and Technical Services Limited; and Makon Oil and Gas Limited.

Makon Group Limited, Makon Construction Limited and Makon Power System Limited were also listed

The asset declaration form indicated that Governor Makinde’s four companies have additional assets denominated as loan notes which are as follows; 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.

Reader's opinions

Leave a Reply

Current track