So because you worked for Shell or whatever oil company for 26 years, you should be a multi-millionaire in dollars and a billionaire in naira? Were you a mere emploee or a part-owner/entrepreneur? How much were his salaries and benefits all through his 26 years as an EMPLOYEE? How much did he spend campaigning for the senate, the previous failed attempts to be governor, and the eventually successful campaign? If he is still a billionaire after all these money gulping campaigns, that means he must have been worth tens of billionns before entering politics? All earned through 'dint of hardwork'. . .as an employee?

A lot doesn't add up here. I always marvel at how Nigerians (especially ignorant females) tend to justify questionable wealth with silly rationalizations: 'oh he is a top bank manager' (does that explain how come he owns a N300m house in VGC?); 'oh he works in NNPC' (is that enough for him to have 4 kids in foreign universities, and a house in Maitama?). It is only in Nigeria that someone retires as an employee with whatever company or government agency and is suddenly worth billions. How? Did the company allocate substantial shares to him (like is the case with CEOs of Fortune 500 corporations)? This country is just a huge joke. . .corruption is the very life blood of the nation, and almost everybody is involved - directly or indirectly.

CrimeKsmart:
People are misinformed about Ajimobi's wealth. He had enough before he joined politics. Laslasticala please come and push this to front page again.

Demdem:
i honestly dont think Ajimobi's wealth is inflated. Considering where he is coming from, this amount isn't ridiculous at all.

ModestGal:
Why FP

tot:


That a person had a lot is different from whether they were contented with what they had.

Besides, you can see even way back 2011 people were contesting the validity of this "assessment". Working for Shell does not make one a BILLIONAIRE.

justified007:



Because he was working as a cleaner or gateman abi . you people will not cease to amaze someone

Dotman01:
. . .26 yrs of service in oil sector no be small thing o!

IvarTheBoneless:
Anyone who was a regular "commenter" on Nairaland in 2011 and still here in 2020 should find another hobby ooo

SAKUR:
Oyo State Governor Abiola Ajimobi on Sunday made public the assets declaration form which he deposed to shortly before his inauguration as governor on May 29.

Making the content of the form public on behalf of his boss, the governor’s Senior Special Assistant on Public Communications, Dr. Festus Adedayo, said the step was in line with Ajimobi’s promise to commence a government that lays store by transparency and accountability in the administration of the state.

Adedayo said the governor deposed to the Assets Declaration Form for Public Officers at the Registry of the State High Court, Ibadan, before Justice Ladiran Akintola, on May 27, 2011, two days before assuming office.

The assets declared, according to him, include cash in local banks, buildings, vehicles, business enterprises and household items.

According to the form filled by the governor, the total amount of cash he has in banks in the country is N292, 432, 107.00 while he has none in any foreign account.

The governor also declared that he had a mansion in Ibadan worth N250m, a building in the same city worth N150m, another one with the value of N300m in Lagos, as well as a detached house worth N300m in Abuja.

He added that he had a flat purchased through mortgage financing worth £450,000 in the United Kingdom, another worth £1.95m, purchased through mortgage in the UK and another house worth $1.5m in the United States of America.

Ajimobi also declared that he owned 131 acres of farm land in a village at the Ido Local Government area of Ibadan worth N150m, two Lagos-based companies, Viz Grandex Nigeria Limited, worth N200m and Network Petroleum Nigeria Limited, worth N260m.

The governor put the worth of all his vehicles at N94.25m and household furniture, which include generating sets and electronics at N25m.

The governor also declared that his wife, Mrs. Florence Ajimobi, possesses a house in Ibadan that is worth N15m and another in Lagos that is worth N250m.

Adedayo said the new government of Oyo State laid great store by probity and accountability, and was of the belief that the patrimony of the people must be guarded jealously as the governor would give account of all that was entrusted in his care, not only to the people of the state who voted for him in the April elections, but to God “the ultimate judge” who would request for an account whenever the governor finishes his assignment on earth.

Ajimobi is the first governor of the state to publicly declare his assets

http://www.punchng.com/Articl.aspx?theartic=Art201107042401971

akinalabi:
Too much storm in a tea cup.

The law requires him to declare and that is what he has done. The law does not require him (kindly correct me if am wrong) to say in 1999 I bought so so shares etc.

If anyone or any body or agency feels he has lied about the declaration they are free to take him up. Also, if anyone or any agency feels his wealth was ill gotten, he can be taken up on it.

Codes151:
25 years in oil sector won’t give you 1/2 of 3/4 of that wealth.

Stop talking what you don’t know.
Remember, there are people in oil sector as well

So because you worked for Shell or whatever oil company for 26 years, you should be a multi-millionaire in dollars and a billionaire in naira? Were you a mere emploee or a part-owner/entrepreneur? How much were his salaries and benefits all through his 26 years as an EMPLOYEE? How much did he spend campaigning for the senate, the previous failed attempts to be governor, and the eventually successful campaign? If he is still a billionaire after all these money gulping campaigns, that means he must have been worth tens of billionns before entering politics? All earned through 'dint of hardwork'. . .as an employee?

A lot doesn't add up here. I always marvel at how Nigerians (especially ignorant females) tend to justify questionable wealth with silly rationalizations: 'oh he is a top bank manager' (does that explain how come he owns a N300m house in VGC?); 'oh he works in NNPC' (is that enough for him to have 4 kids in foreign universities, and a house in Maitama?). It is only in Nigeria that someone retires as an employee with whatever company or government agency and is suddenly worth billions. How? Did the company allocate substantial shares to him (like is the case with CEOs of Fortune 500 corporations)? This country is just a huge joke. . .corruption is the very life blood of the nation, and almost everybody is involved - directly or indirectly.

Codes151:
even if he worked two jobs in shell as employee. The total cash here doesn’t add up.

Sth isn’t right in this country

So because you worked for Shell or whatever oil company for 26 years, you should be a multi-millionaire in dollars and a billionaire in naira? Were you a mere emploee or a part-owner/entrepreneur? How much were his salaries and benefits all through his 26 years as an EMPLOYEE? How much did he spend campaigning for the senate, the previous failed attempts to be governor, and the eventually successful campaign? If he is still a billionaire after all these money gulping campaigns, that means he must have been worth tens of billionns before entering politics? All earned through 'dint of hardwork'. . .as an employee?

A lot doesn't add up here. I always marvel at how Nigerians (especially ignorant females) tend to justify questionable wealth with silly rationalizations: 'oh he is a top bank manager' (does that explain how come he owns a N300m house in VGC?); 'oh he works in NNPC' (is that enough for him to have 4 kids in foreign universities, and a house in Maitama?). It is only in Nigeria that someone retires as an employee with whatever company or government agency and is suddenly worth billions. How? Did the company allocate substantial shares to him (like is the case with CEOs of Fortune 500 corporations)? This country is just a huge joke. . .corruption is the very life blood of the nation, and almost everybody is involved - directly or indirectly.

To correct some misconception here, National Oil and Chemical Marketing Company (NOLCHEM) was NOT a subsidiary of Shell. It was a government owned company that was privatized in 2001 to Conpetro (owned by Mike Adenuga) who changed the name to Conoil Plc.

I can understand Ajimobi made his money from a mismanaged and loss-making government enterprise (as Managing Director). As a matter of fact, that company only started making profit after it was privatized. I know this because I wanted to buy the shares after it the government privatized it.

Oh boy see money! How can we be sure he is worth this much? Abi did he 'amplify' his net worth with the aim of 'filling in the blanks' during his tenure as governor?

itsme01:


Don't be stupid

Pension fund was looted before Ajimobi came in and he pledged paying monthly pension which he did and even increased it, and paid gratituty from time to time

And his policy on Lautech is clear, audit Lautech tuition and other IGR as Oyo can't pay salary unbehalf of osun

tot:


You are the stupid one, clearly.

itsme01:


Poverty mindset

olajizz01:
But Makinde that declared 50 billions naira add up sha.