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New Governor of Oyo State Seyi Makinde Declares N48bn in Assets



Governor Seyi Makinde of Oyo State
  • New Governor of Oyo State Seyi Makinde Declares N48bn in Assets

Governor Seyi Makinde of Oyo State declared assets valued at N48 billion on Monday.

Seyi Makinde, who visited Oyo State office of the Code of Conduct Bureau in Ibadan for asset declaration form, said the decision is in accordance with his electoral promise.

“As promised during the governorship campaigns, I will publicly declare my assets to show my commitment to running an open and transparent government. I picked up a copy of my assets declaration form from the Code of Conduct Bureau today, which will be made available to the media,” the governor stated in a tweet.

The details of the form, OYSE/2019/001, includes cash at hand, in the bank, landed properties (developed and undeveloped), household items, share and bonds owned by the governor and his wife, Omini Makinde, as well as his companies.

A statement released by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, showed Governor Seyi Makinde has cash at hand and in the bank worth N234, 742,296.01.

In US dollar term, the governor had $30,056.99 as of the declaration date.

The statement read, “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 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.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.