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Governor Seyi Makinde Declares Assets Worth 50 Billion Naira - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Governor Seyi Makinde Declares Assets Worth 50 Billion Naira (57870 Views)

ICPC Seizes 44 Assets Worth N14.7bn / President Muhammadu Buhari Declares Assets Ready For Swearing In / Ganduje Declares Assets Ahead Of Swearing-In (2) (3) (4)

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Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by lagdmark(m): 12:25am On Jul 16, 2019
Tolexander:
The same thing we have been begging Bubu to do since
But Bubu has 100 cows from 2003-2019 no more no less.

2 Likes

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Tookute(m): 12:26am On Jul 16, 2019
nototribalist:
I hope this is not APC propaganda news against a PDP governor

But I want ask, was there Internet as at the time Abraham Lincoln was alive? Cos me I am not understanding again ohhh!
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by executive12: 12:26am On Jul 16, 2019
The real man of integrity. The thieves, Buhari and Osinbajo, are yet to declare their own assets publicly as they promised in 2014/2015.

2 Likes

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by mchc1001: 12:31am On Jul 16, 2019
He steal you, ezi ohia
globemoney01:
How did he make all these money
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Larryndelaw: 12:35am On Jul 16, 2019
That does not mean he will not loot by proxy.

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Larryndelaw: 12:37am On Jul 16, 2019
Davido said he has #30 Billion without any investment.

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Longlife234: 12:55am On Jul 16, 2019
Was there internet during Abraham Lincoln's time? undecided

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Nobody: 1:03am On Jul 16, 2019
Longlife234:
Was there internet during Abraham Lincoln's time? undecided

That boy is a lazy youth cheesy

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by janey1984: 1:13am On Jul 16, 2019
Very commendable
MrPolitics:
…Says I have fulfilled a campaign promise

Oyo State Governor, Engineer Seyi Makinde on Monday made public his campaign promise to publicly declare his assets.

The Governor, who visited the Oyo state office of the Code of Conduct Bureau (CCB) in Ibadan to receive a copy of the asset declaration form said that his decision to make the assets public was in fulfillment of a personal promise he made during the elections.

Details of the assets as contained in the CCB 1 with the name Oluseyi Abiodun Makinde, which was declared at the High Court of Oyo State, on May 28, 2019, indicated that the Governor is worth over N48 billion.

The assets declaration form, marked OYSE/2019/001 contained details of cash at hand, in the bank, landed properties (developed and undeveloped), household items, share and bonds owed by the Governor, his wife, Omini Makinde as well as his companies.

According to details of the asset form made public by the Chief Press Secretary to Makinde, Mr. Taiwo Adisa, the Governor of Oyo State 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 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(two billion, six hundred and twenty-four million, eight hundred thousand, five hundred Naira as at the date of asset declaration.

In Dollar terms, the Governor also declared properties, developed and undeveloped as well as household items valued at $4,400,000(four million, four hundred thousand dollars only.

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 stand at N48, 150,736,889 (forty-eight billion, one hundred and fifty million, seven hundred and thirty-six thousand, eight hundred and eighty-nine Naira), with 33, 730,000 units of shares as at 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 N3.389billion.

Speaking with newsmen at the CCB office in Ibadan, Makinde said: “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.

“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.”

https://newsbreakng.com/breaking-makinde-declares-asset-worth-of-n50b-public/

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by obowunmi(m): 1:17am On Jul 16, 2019
Very handsome man.
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by MANNABBQGRILLS: 1:28am On Jul 16, 2019
sweetTai:


Wonders in stealing Oyo State treasury. Why are you people so stupid?? Why can’t he release the addresses of the houses in USA and South Africa and I will tell you if they belong to him or someone else within 24-48 hours. This is an excuse to loot Oyo State in progress.
You have said it all.
That is the gimmicks of all these politicans,
they will go get properties and investments of well to do people and declare it as theirs so when they start stealing no one will be aware, thinking they have declared their assets prior then.
But only fools and supporters of corrupt politicians whose future has been stolen can believe this.
Imagine what the criminals will sat if it was the president or vice president that declared this.
They would have been dying with wailing and peeing in their torn boxers.
Wailers go suffer, dem go tire! cheesy
Una never see anything yet.

4 Likes 2 Shares

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Lamasta(m): 1:44am On Jul 16, 2019
leye4u:
the guy is loaded ooo....you no Sabi am
Bro I know just that na politics be this o its a different ball game
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Jalinco: 1:45am On Jul 16, 2019
Omo ole, o ti declare owo to maa ji pelu e

2 Likes

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by arsenal33: 1:50am On Jul 16, 2019
OndoFirstBorn:
When leaders lead by example, followers won't hesitate to willingly follow suit. I see no reason why you won't succeed totally as Oyo State Governor. You're so committed to ensuring transparency, accountability and all inclusive government. After Governor Akeredolu, Seyi Makinde is gradually becoming my second best Governor. Kudos.
Ajimobi also declared hiss assets...look where he ended up

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Ooye12: 1:52am On Jul 16, 2019
globemoney01:
How did he make all these money
ask google

2 Likes 1 Share

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by ynglukas(m): 2:01am On Jul 16, 2019
nototribalist:
I hope this is not APC propaganda news against a PDP governor
I don't think Abraham Lincoln said this
proved ur point though

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by ajl: 2:01am On Jul 16, 2019
He must have been a government contractor.

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by shogsman(m): 2:15am On Jul 16, 2019
All that money still won't stop the inevitable.

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Yankee101: 2:28am On Jul 16, 2019
All the assets and cash at hand are less than 5b NGN. Suddenly you wake up and value your companies at 48b NGN despite outstanding banking liabilities.

What is the Discounted Cash Value (DCF) of those companies in, say, 4years after your first tenure? How much is your present cash flow?

Voodoo accounting Mr Makinde. Seems like settimg up adequate cushion to steal

5 Likes

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by alezzy13: 2:43am On Jul 16, 2019
Hmmm. 50 billion no be beans ooo. This would put him among the richest in the country.

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Darevofpeace(m): 2:55am On Jul 16, 2019
Blakjewelry:
the money too plenty
.....
.was rhe money yours,he had never held a political office prior to this time.He had worked so hard for his wealth.
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Darevofpeace(m): 2:57am On Jul 16, 2019
Blakjewelry:
the money too plenty
.....
Was the money yours,he had never held a political office prior to this time.He had worked so hard for his wealth.
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by kayusely70(m): 2:59am On Jul 16, 2019
A Ji se bi oyo laari, oyo o nse bi elomi.
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Optionalx: 3:07am On Jul 16, 2019
And Mr integrity failed woefully to declare his...
Buhari is a dumb scam and terrorist... his fans are worst..

How much is Buhari worth in 2015 and 2019 =

2 Likes

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by planetx: 3:10am On Jul 16, 2019
This guy would have never been this wealthy if he had migrated to Canada or US or one of this other favorite Nigerian destinations. The richest Nigerians are in Nigeria not abroad, the one's abroad are just managing paying bills.

8 Likes 4 Shares

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by NaijaRoyalty(m): 3:13am On Jul 16, 2019
Seyi is a big boy

1 Like

Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by bionixs: 3:48am On Jul 16, 2019
selemempe:
I hope this is not an ''anticipatory'' declaration. I dont trust nigerian politicians. They should verify everything o...he may be planning to loot 50 billion
as in! In APC, anything is possible o!
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by bionixs: 3:49am On Jul 16, 2019
as in! In APC, anything is possible o! The money is just too many
Re: Governor Seyi Makinde Declares Assets Worth 50 Billion Naira by Ysbash(m): 4:14am On Jul 16, 2019
Gov. Seyi with the money.
This is a true sign of leadership.

Make other Government declare there own also

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