Hail the hidden Billionaire! How Buhari hid his billions from Nigerians. Thoroughly deceived Nigerians with the true state of his assets

The hidden Billionaire: How Buhari deceived Nigerian's with the true state of his assets

For the first time throughout his lifetime it has now been established that Buhari is a billionaire!

Yesterday, details of assets 'officially' declared by Nigeria's sole administrator, General Muhammadu Buhari and the deputy Solad, Professor Yemi Osinbajo to the Code of Conduct Bureau were made public.

Surprisingly, it revealed that Buhari who had always lied through the teeths about his financial status was indeed a billionaire!  A very conservative back of the envelope calculation of current value of Buhari's declared assets based on the sketchy details he provided places it at almost 2 billion naira!!

Buhari's stupendous wealth was revealed when his wife was spotted wearing N10.5 million wrist watch during his inauguration ceremony

According a statement by the President’s Senior Special Assistant, Media and Publicity, Garba Shehu, the President has about N30m in his only bank account with the Union Bank Plc, 

Shehu’s statement said the President had shares in Berger Paints, Skye Bank and Union Bank and a total of seven houses, comprising two mud and a standard house in Daura, his hometown; two homes in Kaduna, one in Kano and one in Abuja.

Also belonging to Buhari are two undeveloped plots of land in Kano and Port Harcourt. 

Buhari also has an orchard and a ranch in Daura with 270 heads of cattle, 25 sheep, five horses, a variety of birds and a number of economic trees in them.

Hail the hidden Billionaire! How Buhari hid his billions from Nigerians. Thoroughly deceived Nigerians with the true state of his assets

Buhari  also  declared  several cars, two of which he said were bought with his savings and the others supplied to him by the Federal Government in his capacity as a former Head of State.

To further paint the picture of a pauper, Shehu added that the President had no oil well and foreign bank accounts.

Although Buhari tried to hide the true nature of his assets by not providing specifics of his assets such as the amount of shares he has from two leading banks in Nigeria, and other high ranking company  exact locations of his landed properties and size of his farms. A guesstimate of the share value from the three declared firms should be up to N50,000,000. The homes in Kaduna would have a market value of to 500,000, 000, the one in Kano N200,000,000 and the big one in Daura, the only one he has ever acknowledged up to N100,000,000. The plots of land in Kano and Portharcourt going by current market values will be worth close to N50,000,000.

For the "several cars" put their estimate at N100,000,000.

If Buhari says this estimate in not true he should provide specific details that will enable accurate valuation of his assets.

Sample of real estate prices in Kaduna (Nigeria Property Centre)

A commentator on public issues Esther Okono had this to say: 

"During the Presidential Campaign and up till yesterday, General Buhari had only 1 House in Daura, lived in a rented house in Abuja, collected only 10% of his Pension, 150 Cows and about ₦1M in Cash in a Bank. No Foreign Accounts but he has several Children schooling and living Abroad. One of them pays about £40,000 in School Fees alone per Annum.

"In the past 24 Hours, Buhari has added 6 Houses, has ₦30M in Cash and [undisclosed Amount in] Shares in the Market. 

"In a nutshell, Buhari is now a BILLIONAIRE. When we posted his Abuja mansion his apologists called us names that we are liars, That is "integrity", APC style. Something just calls to mind that the Probes should go back to the 1978 missing $2.8B NNPC Funds and the ₦25B PTF Funds.

"Folks, you ain't seen nothing yet!"

"QUESTION 1: The Assets Buhari claims to have been publicly declared are assets

acquired as at When? 

"Recall Buhari claimed that he didn't have money to buy APC nomination form.

"QUESTION 2: What will you do if it is established with ‪#‎Empirical_Evide‬ nce that

Buhari is a mendacious fraudster who lies even more than APC's Alhaji Lai Moh'd?"

For the Vice-President, Shehu said Osinbajo, a Senior Advocate of Nigeria, declared a four-bedroomed residence at Victoria Garden City in Lagos; three-bedroomed flat in Ikoyi, Lagos; two bedroomed flat at the Redempion Camp, Lagos-Ibadan Expressway; and a two-bedroomed mortgage property in Bedford, England.

The vice president operates his Simmons Cooper Law firm, which is based in Lagos and has shares in MTN Nigeria, Octogenerium Ltd., Windsor Grant Ltd., Tarapolsa Vistorion Ltd., and Aviva Ltd., all of which are based in Lagos.

Osinbajo is also said to have one Infinity 4-Wheel Drive SUV, one Mercedes Benz and a Prado Jeep.

Shehu’s statement read in part, “The documents submitted to the CCB, which officials say are still being vetted and will soon be made public, show that prior to being sworn in on May 29, President Buhari had less than N30m to his name. He also had only one bank account, with the Union Bank. President Buhari had no foreign account, no factory and no enterprises. He also had no registered company and no oil wells.

“The Vice President, Prof. Yemi Osinbajo (SAN) who had been a successful lawyer before his foray into politics declared a bank balance of about N94m and $900,000 in his bank accounts.

Reacting to the declaration of assets by Buhari and Osinbajo, a lawyer, Carol Ajie, said the documents had loopholes.

Ajie said Buhari and his deputy needed to “make clear if they have liabilities or not, bearing in mind that the Constitution places emphasis on assets and liabilities.”

Buhari's stupendous wealth was revealed when his wife was spotted

wearing N10.5 million wrist watch during his inauguration ceremony. 

The lawyer said, “We need a bit more on specificity on some of the items such as shares in Berger Paints, Union Bank and Skye Bank, considering the length of time between April when he won the election and now, a period of six months for assets valuation of his seven houses located in Daura, Kano, Kaduna and Abuja.

“We have no addresses on these houses and what type of houses-bungalow, block of flats or duplexes- and estate valuer’s estimates. Same for his farms, orchard and a ranch in Daura, etc.

Another legal practitioner, Mr. Kayode Ajulo, said the President had yet to complete the declaration “as it is the law that his spouse is not a civil servant; the spouse must declare her asset in the same manner as done by President Buhari.”

“The same goes for his Vice. As it is, there may be likelihood of violation of the law on declaration of assets,” he added.

President of the Nigerian Voters Assembly, Mashood Erubami, said the declaration signified leadership by example.

Erubami said, “This is leadership by example. The declaration will leave no one in doubt about the commitment of the Buhari/Osinbajo administration to govern transparently and be accountable to Nigerians before and after office. With the declaration of the President, nobody will be spared from not declaring his or her assets in accordance with the laws of the land.

“It is now left to the Code of Conduct Bureau to vet the declared assets in order to ensure that the assets are real and appropriately valued. The assets must not be overvalued, and must be vetted to have been fairly acquired with truly extended current market value. Declaration of assets is a precondition for selfless, transparent and accountable government, which must not be sparing and selective.”