GOVERNOR MAKINDE PUBLICLY DECLARES ASSET WORTH OF N48 BILLION
The Governor while Speaking with journalists at the bureau office in Ibadan, noted that he came there to collect the photocopy of the form that he signed in fulfillment of his campaign promise to the people that he will declare his asset publicly and release the document to the public.
Hear him, ‘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, I will encourage them to do the same’, he declared.
Penpushing further reports that,details of the assets as contained in the Code of Conduct Bureau (CCB) 1 with the name Oluseyi Abiodun Makinde, which was declared at the High Court of Oyo State, on May 28, 2019, indicated that the Governor is worth over N48 billion.
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.
The details of the asset form made public by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, showed that Makinde had cash at hand and in the bank worth N234, 742,296.01, as at May 28, 2019, while in dollar terms has cash valued at $30,056.99 as at the same date.
Penpushing also reports that, 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 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.
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,as well as nine buildings in Nigeria, two in the United States of America and One in South Africa, while 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 and also has existing Bonds (Eurobond) worth $3, 793, 500 as well as shares, debentures and other securities valued at N120,500,000.
Penpushing also reports that,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.
