Asset declaration: My colleagues should emulate me- Makinde


Governor Seyi Makinde has said his colleagues should emulate him and declare their assets publicly.

Makinde had in fulfilment of his campaign promises declared his assets publicly which stood at N48billion.

The Governor who spoke to newsmen at the office of the Code of Conduct Bureau (CCB) in Ibadan shortly after collecting his CCB which he earlier submitted disclosed that he would also members of his cabinet do the same as long as it is done within the ambit of the law.

Form CCB 1 marked OYSE/2019/001 which contained the details of assets of the Governor with the name Oluseyi Abiodun Makinde, was declared at the High Court of Oyo State, on May 28, 2019.

The form included details of cash at hand, in the bank, landed properties (developed and undeveloped), household items, share and bonds owned by the governor, his wife and companies.

The asset form released to the public by the Chief Press Secretary to the Governor, Mr Taiwo Adisa indicated that Makinde has cash at hand and in the bank worth N234, 742,296.01, while in dollar terms, Makinde has cash valued at $30,056.99 as of May 28, 2019 and property, developed and undeveloped as well as household items valued at $4,400,000 (four million, four hundred thousand dollars only.

“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 as of the date of asset declaration.

”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 Makinde include nine buildings in Nigeria, two in the US and one in South Africa. The details showed the current value of Makinde’s companies’ stands at N48, 150,736,889, with 33, 730,000 units of shares as of 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.

”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 stated.

”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 Peoples Democratic Party(PDP) and its presidential candidate, former vice-president Atiku Abubakar have hailed Makinde for starting governance on a good note.

Atiku on his verified Twitter handle said Makinde is “the trailblazing PDP Governor”

He wrote: “@seyiamakinde, the trailblazing PDP governor of Oyo State’s feat in publicly declaring his assets is a testament to integrity and accountability worthy of emulation. –AA.”

The PDP through his spokesman, Kola Ologdodiyan said the public declaration of assets “demonstrates Governor Makinde’s commitment to transparency and good governance, for which the people of Oyo state voted massively for him in the March 9, 2019 governorship election”