I’m Worth Over N48bn – Gov Makinde Publicly Declares Assets

Governor Seyi Makinde of Oyo State has publicly revealed his worth to be over N48 billion.

In a statement by Taiwo Adisa, the governor’s Chief Press Secretary, his cash at hand and in the bank was put at N234,742,296.01 as at May 28, 2019.

Adisa said the asset declaration form contained details of cash at hand, in the bank, landed properties including developed and undeveloped, household items, share and bonds owned by Makinde, his wife and companies.

Also, as at the same date, Makinde had cash of $30,056.99. Properties and household items were put at N2,624,800,500. In dollar terms, the governor 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 R4,457,554.04.

The governor also declared details of 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 stand at N48,150,736,889 with 33,730,000 units of shares as at May 28, 2019.

Companies owned by Makinde 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 governor also has eurobond worth $3,793, 500 as well as shares, debentures and other securities valued at N120,500,000.

Makinde said he had fulfilled one of his campaign promises with the declaration of his assets. He urged his cabinet members to do same.

Leave a Reply