Oyo state governor Seyi Makinde has declared his assets publicly which shows that he worths over N48bn.
Taiwo Adisa, chief press secretary to the governor, disclosed this in a statement on Monday that Makinde has N234,742,296.01 as at May 28, 2019, in bank and also in cash.
In dollar terms, he has cash valued at $30,056.99 as at the same date.
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.
In dollar terms, Mr Makinde 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 four million, four hundred and fifty-seven thousand, five hundred and fifty-four and four South African Rands.
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 stands at N48, 150,736,889, including 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(One hundred and twenty million, five hundred thousand naira).
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.
With this, the governor has fulfilled one of his campaign promises, encouraged members of his team to do the same.
