| Seyi Makinde |
Governor of Oyo State, Seyi Makinde on Monday made public his campaign promise to declare his assets openly.
The current value of Makinde’s companies stand at N48,150,736,889 with 33,730,000 units of shares as at May 28, 2019.
The details showed that the governor’s cash at hand and in the bank is worth N234,742,296.01, as at May 28, 2019.
The governor, who visited the Oyo State office of the Code of Conduct Bureau (CCB) in Ibadan to receive a copy of the asset declaration form, said his decision to make the assets public was in fulfilment of a personal promise he made during the elections.
Details of the assets are contained in the CCB 1 with the name Oluseyi Abiodun Makinde, which was declared at the High Court of Oyo State, on May 28, 2019.
The assets declaration form, marked OYSE/2019/001, contained details of cash at hand, in the bank, landed properties (developed and undeveloped), household items, shares and bonds owed by the governor, his wife, Omini Makinde as well as his companies.
According to the Chief Press Secretary to Makinde, Mr. Taiwo Adisa, in dollar terms, the governor has cash valued at $30,056.99 as at May 28, 2019.
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 at the date of the asset declaration.
In dollar terms, Makinde also declared properties, developed and undeveloped as well as household items valued at $4,400,000.
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 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.
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 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 (N1.159 billion), totalling N3.389 billion.
Speaking with reporters at the CCB office in Ibadan, Makinde said: “I came here to collect the photocopy of the form that I signed in fulfilment of the 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 they stay within the ambit of the law.”
Here are some reactions to Makinde’s declaration:
Ezeaka Chidozie Ishola Buharideen
@Ezeakachidozie
I hope the verification and declaration of sources of the Seyi Makinde’s 48 billion assets would be established.
His tax liability on profits made in businesses that shot his assets to that level should also be confirmed.
The guy is putting a noose on his own neck!
53
7:04 AM – Jul 16, 2019
Twitter Ads info and privacy
61 people are talking about this
Michael X
@Michael57313270
Seyi makinde has shown every dick tom and harry that he’s a different brand of politician.
The meaning of integrity!
Integrity can only come through transparency.
I’m in total awe.
3:25 PM – Jul 16, 2019
Twitter Ads info and privacy
See Michael X’s other Tweets
Lanre Aluko
@laruchi007
Seyi Makinde is a testament that as a young person, you need to pursue your career and really try to make it before venturing into politics. You necessarily don’t have to be a nuisance supporting and cheering all the crap sold by the Politicians on here. Think and face your life.
3:14 PM – Jul 16, 2019 · Brooklyn, NY
Twitter Ads info and privacy
See Lanre Aluko’s other Tweets
Atiku Abubakar
✔
@atiku
· 5h
.@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
View image on Twitter
Ikenna Ijomanta
@ijomanta_ikenna
A thief like you, can you honestly declear your assets publicly like Seyi Makinde did….
3:09 PM – Jul 16, 2019
Twitter Ads info and privacy
See Ikenna Ijomanta’s other Tweets
Anthony Dibie
@ighotasha
I meet someone who Seyi Makinde worked under in hi NYSC days in SPDC today. According to him SPDC did not retain Seyi Makinde because they felt he was not good enough as a young engineer. He started his own company and employed his colleagues whom he did his
3:07 PM – Jul 16, 2019
Twitter Ads info and privacy
See Anthony Dibie’s other Tweets
Chris Ayo Joseph
@officialchrisay
It’s not about wat Seyi Makinde has declared, there’s a need for the Code of Conduct Bureau to ascertain whether wat he declared is TRUE. Presumably, we know that’s not realistic & quite unsual.
So my question is “Wat has Seyi Makinde been up to that he’s worth 48billion naira?
3:03 PM – Jul 16, 2019
Twitter Ads info and privacy
See Chris Ayo Joseph’s other Tweets
OYETUNJI
@iam_TSLAM
Seyi Makinde is the real Mr integrity you wish your MCM could be.
3:01 PM – Jul 16, 2019
Twitter Ads info and privacy
See OYETUNJI’s other Tweets
Oluwale Aderinto
@D_oluwale
Over 4 years later and we’re still waiting for your self-acclaimed Mr integrity to make public his assets but Seyi Makinde is your problem. You don’t expect everyone to be poor or lie about being poor, do you? Gov Seyi pepper them!
3:00 PM – Jul 16, 2019
Twitter Ads info and privacy
See Oluwale Aderinto’s other Tweets
Francis Olaiya
@francisoshoke
Seyi Makinde is humble and he has good intentions but Nigeria problem and resistance to change will humble him. He should just focus on infrastructure so that he won’t be insulted and considered a failure after 2years.