Nigeria’s President Buhari, Vice Declare Assets

Muhammadu Buhari, Nigeria President
Muhammadu Buhari, Nigeria President

Nigeria’s President Muhammadu Buhari has declared his wealth in a bid to promote transparency and discourage corruption in Africa’s biggest economy where corruption is endemic.

In a statement, his spokesperson Garba Shehu indicated that the former military ruler has $150,000 in his personal account and holds shares in three firms – Berger Paints, Union Bank and Skye Bank.

Mr Buhari is also said to own five homes and two mud houses, an orchard, a ranch with 270 head of cattle, 25 sheep, five horses and a variety of birds.

However, assets declared by Nigeria’s Vice-President Yemi Osinbajo show he is richer than his boss and holds $900,000 in his bank accounts.

In his total declaration, Mr Osinbajo also revealed that he owned a four-bedroom residence, a three-bedroom flat, a two-bedroom flat and a two-bedroom mortgaged property in Bedford, UK.

Though the statement did not give the total value of all assets held by the two gentlemen, it said the documents submitted to the Code of Conduct Bureau would be made public as soon as the vetting process was completed.

The former military ruler was elected in March on a promise to tackle corruption and insecurity, and has declared over $150bn missing from state coffers since he took over.

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