Ebun Francis|
Oyo state governor, Seyi Makinde on Monday made public his asset declaration document, which shows that the newly elected governor is worth more than N48 billion in both cash and properties.
The details of the governor’s net worth are contained in his asset form he submitted at the Code of Conduct Bureau in Ibadan, Oyo State.
Taiwo Adisa, the governor’s spokesperson in a statement said Makinde, filled his form, marked, CCB OYSE/2019/001 on May 28, 2019.
According to the statement, Makinde’s asset was categorised in 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.
As of May 28, 2019, Mr Makinde’s bank balance stood at N234, 742,296.01.
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, Mr 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 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 stands at N48, 150,736,889, including 33,730,000 units of shares as of May 28, 2019.
Makinde 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.
According to the form, 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 had earlier pledged to wave his immunity, said he would encourage his cabinet members to make their assets public, when they are nominated.
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