Oyo Governor Seyi Makinde’s Asset Declaration is Worth Over N48bn

Governor Seyi Makinde of Oyo State

The newly elected governor of Oyo State, Seyi Makinde has made the trend of conversations in Twitter Nigeria sphere.

Seyi on Monday publicly declared his assets worth over N48 billion, during his visit to the Oyo state office of the Code of Conduct Bureau (CCB) in Ibadan, the State capital, stating that it is a fulfilment of one of his campaign promises and encouraged members of his team to do the same.

“I came here to collect the photocopy of the form that I signed in fulfillment of the campaign promise to the people that I will declare my asset publicly and release the document to the public,” he said.

“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.”

Makinde had cash at hand and in the bank worth N234,742,296.01, as at May 28, 2019.

In dollar terms, the Governor has cash valued at $30,056.99, while declared properties, developed and undeveloped as well as household items valued at $4,400,000.

In Naira, properties, including the developed, undeveloped and household items he is worth N2,624,800,500.

In South African Rands, the governor declared buildings and household items worth R4,457,554.04, with nine buildings in Nigeria, two in the United States of America and one in South Africa.

For Eurobond, he is worth $3,793, 500 as well as shares, debentures and other securities valued at N120,500,000.

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. Their worth stand at N48,150,736,889 with 33,730,000 units of shares as at May 28, 2019.

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