₦airaland Forum

prekumohtim:
Let me hear word joor. This was a mere declaration of what he's going to steal. EFCC could have confirmed the existence of those assets. He had given himself a target to steal to that level. And when he succeeds or hit that target, the authority won't bother to go after him. He can also steal higher than the declared assets, and later tell you that the value of his assests have increased due to time factor

It means Makinde just wanted to exposed himself because his 50billion declaration was very suspicious in the first place,most people were socked,it was mere format to embezzle Oyo funds.

itsme01:
I said CEO gets 8m USD per annum and asked how much you think in the same organisation a top executive , board room member? managing director of a their Nigerian downstream company earns

Oluyole isn't a cheap place it is a GRA hosting some of the richest including Adenuga and co

I know a few people who are CEO’s in oil companies not to talk of Joint Venture in Nigeria. Salary is not even more than $500-$600k. Board room members are in the US and they are biggest boys worth billions of dollars on their own. You think all these criminals are qualified to be on the board of Shell? Except Nigeria put them there from the Nigerian side of the joint venture and even then they cannot make that much.

itsme01:
Imbeciless always calls all rich people thief and ritualist

Why not give proof, Ajimobi declared his house before taking the governors job and that's a fact

Again, that Nigeria is this bad isn't really surprising with millions of ignorant folks like you.

Even a director of a multinational oil company in western worlds can't boast of such assets and liquid capital ONLY in Nigeria.

This is exactly the reason why these politician fools keep taking you ignorant ones in Nigeria for granted. Wake dude, wake up!

National Oil,AP etc were all offshoots of downstream sector of FOC like Shell,BP etc that were nationalized in the late 70s even before Ajimobi returned home from US.

emmanuelewumi:
National Oil which later became Conoil was the downstream business of Shell. Shell pulled out of the downstream business sometimes in the mid 80s.

With Investment, living below your means nothing is impossible.

baby124:
I know a few people who are CEO’s in oil companies not to talk of Joint Venture in Nigeria. Salary is not even more than $500-$600k. Board room members are in the US and they are biggest boys worth billions of dollars on their own. You think all these criminals are qualified to be on the board of Shell? Except Nigeria put them there from the Nigerian side of the joint venture and even then they cannot make that much.

You are so naive, go research what Allison Madueke and I've Kachukwu earned before joining politics,

tot:
It's sickening and disgusting to see honestly. Ask these same guys if they have 24 hour light, standard schools and hospitals or if they can take a stroll late at night in a safe environment. No. They are here defending a POLITICIAN.

Nigerians deserve the crap leaders they get. They have just started, they should continue.

This is just the point! I'm a good fan of Ajimobi because I've heard him talk several times and I respect his intellect, boldness in carrying out government's policies, and his efficiencies. But to defend his wealth while I'm yet to get a major foothold in life is something I'd never do. He has children who have enjoyed and are still enjoying his wealth, they should come and defend him.
It's a good thing to be passionate about politics but it's terrible to deify politicians, that's the easiest way to make them misbehave. The present governor himself needs to be careful. The system already provides loopholes for them to loot the state.

Amotekun777:
Again, that Nigeria is this bad isn't really surprising with millions of ignorant folks like you.

Even a director of a multinational oil company in western worlds can't boast of such assets and liquid capital ONLY in Nigeria.

This is exactly the reason why these politician fools keep taking you ignorant ones in Nigeria for granted. Wake dude, wake up!

I see why multinationals use you like slaves and pay expertrates good pay while short changing envious black man

Amotekun777:
Again, that Nigeria is this bad isn't really surprising with millions of ignorant folks like you.

Even a director of a multinational oil company in western worlds can't boast of such assets and liquid capital ONLY in Nigeria.

This is exactly the reason why these politician fools keep taking you ignorant ones in Nigeria for granted. Wake dude, wake up!

They can’t. They will probably own one house and the rest of the money tied up in retirement account. There’s no space for short cuts or side contracts. Na pure salary. Before you even made good enough money you for worked there for over 20yrs consistently. It’s one thing earning above average in Nigeria because you work for an oil company. It’s another thing entirely taking that money abroad to buy anything tangible. It won’t be as valuable. We are talking about 2m pound house. Haba!

itsme01:
Dumbos make me laugh, CEO takes 8m USD tell us what MD running the companies downstream company takes. ... Use Google oo, bitter leaf people

Shameless hungry people claim he acquired the asset in 2016 as a governor yet the asset was declared in 2011 as a private citizen

Shameless people are still here saying what the hardworking man can afford and not afford


.

see as you dey flaunt rule 2 now
if i report you now you will say I'm wicked

Why are people so bitter? Declaration was made in 2011. Investigations should have been done at that time or a probe carried out by GSM if the facts were disputed. He schooled in the US and lived there for a while so having a home there is no big deal. Afterall he worked in the oil sector and had other businesses on the side.

GSM declared a huge balance too. No one is arguing about it because it is indeed possible.

Most governorship contestants are already rich. They just want power or maybe to serve the people.

Besides, it's time to leave Chief Ajimobis soul to rest in peace. He has done his best albeit with some faults as it is with every human being.

itsme01:
Can you predict the location of a house you would buy after 6 years? And conveniently declare it 6 years prior the purchase lol

makinde got some funny thinking supporters ever

You are right but I am not a fan of any polithiefcian. Nigeria politicians are criminals

Amotekun777:
Again, that Nigeria is this bad isn't really surprising with millions of ignorant folks like you.

Even a director of a multinational oil company in western worlds can't boast of such assets and liquid capital ONLY in Nigeria.

This is exactly the reason why these politician fools keep taking you ignorant ones in Nigeria for granted. Wake dude, wake up!

Exactly - liquid capital. A substantial part of the 8m compensation is performance shares.
*The CEO's base salary was around £1.4million and he received more than £6million from a long-term performance share plan.

Besides, the 8m usd the defender is shouting about is pre-tax meaning the take home pay is nowhere close.

But an ignorant person usually does not know their level of ignorance.

So Sahara reporters news of yesterday is baseless...SR makes empty noises sometimes

itsme01:
You are so naive, go research what Allison Madueke and I've Kachukwu earned before joining politics,

Allison for sure when she worked with shell did not make the amount you attribute here. That is why she stole like that in a government position. She stole like a maniac like someone that hasn’t seen money before. Their money might go far in Nigeria but it’s not enough to buy those properties Ajimobi listed. Standard of living differs. Do you think you buy house in the western world and that’s it? You pay taxes and all sorts of fees yearly. To keep up and maintain all those properties require some serious money!

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?

Lol
That isn't half of N48b Makinde declared na....

traihit:
This is just the point! I'm a good fan of Ajimobi because I've heard him talk several times and I respect his intellect, boldness in carrying out government's policies, and his efficiencies. But to defend his wealth while I'm yet to get a major foothold in life is something I'd never do. He has children who have enjoyed and are still enjoying his wealth, they should come and defend him.
It's a good thing to be passionate about politics but it's terrible to deify politicians, that's the easiest way to make them misbehave. The present governor himself needs to be careful. The system already provides loopholes for them to loot the state.

Exactly. So many loopholes and that is what we should be focused on as a people, how to close these holes and ensure money meant for the country is used for the country. I am not a fan of any politician whether this man or the present one, what I find annoying are those trying to defend him at any cost. Look at the current state of Nigeria. Haba! Can people please have some sense for goodness sake?

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.

Who ever u are, u just nailed it. It's only in Nigeria where a person becomes a billionaire simply because he works for or worked in so and so place. And yet u don't see people become billionaires just because they worked for mega corporations in countries one hundred times richer than Nigeria corporations. Same with serving in government. Countries with mega economies don't produce billionaire employees like Nigeria. Some can continue to live in denial all they want, but some know the truth about things in this country

Special Tax Recapture: None
Account Identifier: District - 04 Account Number - 03676228
Owner Information
Owner Name: AJIMOBI ABIOLA
Use:
Principal Residence: RESIDENTIAL
YES
Mailing Address: 10821 SYMPHONY PARK DRIVE
BETHESDA MD 20852- Deed Reference: /52919/ 00430
Location & Structure Information
Premises Address: 10821 SYMPHONY PARK DR
NORTH BETHESDA 20852-0000
Legal Description:
SYMPHONY PARK

Map: Grid: Parcel: Neighborhood: Subdivision: Section: Block: Lot: Assessment Year: Plat No: 24138
HQ21 0000 0000 4340321.16 0321 109 2018 Plat Ref:
Town: None
Primary Structure Built Above Grade Living Area Finished Basement Area Property Land Area County Use
2013 2,020 SF 480 SF 2,772 SF 116
Stories Basement Type Exterior Quality Full/Half Bath Garage Last Notice of Major Improvements
2 CENTER UNIT BRICK/
7 5 full/ 1 half 2 Attached
Value Information
Base Value Value Phase-in Assessments
As of
01/01/2018 As of
07/01/2019 As of
07/01/2020
Land: 600,000 800,000
Improvements 925,000 856,300
Total: 1,525,000 1,656,300 1,612,533 1,656,300
Preferential Land: 0 0
Transfer Information
Seller: FIDELITY INVESTMENTS IOM LIMITED Date: 10/04/2016 Price: $1,347,200
Type: NON-ARMS LENGTH OTHER Deed1: /52919/ 00430 Deed2:
Seller: SYMPHONY PARK LLC Date: 07/24/2014 Price: $1,698,951
Type: ARMS LENGTH IMPROVED Deed1: /48957/ 00016 Deed2:
Seller: Date: Price:
Type: Deed1: Deed2:
Exemption Information
Partial Exempt Assessments: Class 07/01/2019 07/01/2020
County: 000 0.00
State: 000 0.00
Municipal: 000 0.00|0.00 0.00|0.00
Special Tax Recapture: None
Homestead Application Information
Homestead Application Status: No Application
Homeowners' Tax Credit Application Information
Homeowners' Tax Credit Application Status: No Application Date:

GEEBITE:
National Oil,AP etc were all offshoots of downstream sector of FOC like Shell,BP etc that were nationalized in the late 70s even before Ajimobi returned home from US.

They were nationalised by Obasanjo in 1976, by making sure that 60% of their shares belong to FG and 40% to the foreign Investors.


It was IBB that privatised them and made the companies to be listed on the Nigeria Stock Exchange.

FG sold their 60% holdings to core Investors and Nigerian citizens between 1988 and 1989.

Foreign Investors in national Oil and Unipetrol sold their holdings to FG around 1986. The core Investors of BP exited immediately the indigenization policy was introduced. FG bought their shares and renamed the company AP African Petroleum.

Mobil, Texaco, Agip, Total etc still held on to their own 40% shareholding even after they were privatised and listed.


Few years ago, Texaco sold their holdings to MRS.

About 2 years ago Mobil sold their holdings to the Indian owned NIPCO

toba1909:
Lol
That isn't half of N48b Makinde declared na....

Makinde will be watched closely. It’s better he does what he is elected for and leaves the place. Money does not have wings and everything leaves a trace.

itsme01:
I see why multinationals use you like slaves and pay expertrates good pay while short changing envious black man

Your intellect level of course very low from all the rubbish you've spewed so far. I sincerely worry for Nigeria with empty headed folks like you.

baby124:
Allison for sure when she worked with shell did not make the amount you attribute here. That is why she stole like that in a government position. She stole like a maniac like someone that hasn’t seen money before. Their money might go far in Nigeria but it’s not enough to buy those properties Ajimobi listed. Standard of living differs. Do you think you buy house in the western world and that’s it? You pay taxes and all sorts of fees yearly. To keep up and maintain all those properties require some serious money!

My sister is a British lawyer and barely in the late 30s her husband is an accountant and both own similar properties on mortgage

Ajimobi declared less than 8m USD for a man who headed a top insurance firm in NewYork, worked 26 years in Oil and Gas industry and retired an MD in shell corporation downstream company, with huge salary, and pension package,

And to make the envy even more funny, you accuse him of predicting asset procurement 6 years before he became a governor

Mehn African envy and black heart is a huge problem

.

1009ja:
Special Tax Recapture: None
Account Identifier: District - 04 Account Number - 03676228
Owner Information
Owner Name: AJIMOBI ABIOLA
Use:
Principal Residence: RESIDENTIAL
YES
Mailing Address: 10821 SYMPHONY PARK DRIVE
BETHESDA MD 20852- Deed Reference: /52919/ 00430
Location & Structure Information
Premises Address: 10821 SYMPHONY PARK DR
NORTH BETHESDA 20852-0000
Legal Description:
SYMPHONY PARK

Map: Grid: Parcel: Neighborhood: Subdivision: Section: Block: Lot: Assessment Year: Plat No: 24138
HQ21 0000 0000 4340321.16 0321 109 2018 Plat Ref:
Town: None
Primary Structure Built Above Grade Living Area Finished Basement Area Property Land Area County Use
2013 2,020 SF 480 SF 2,772 SF 116
Stories Basement Type Exterior Quality Full/Half Bath Garage Last Notice of Major Improvements
2 CENTER UNIT BRICK/
7 5 full/ 1 half 2 Attached
Value Information
Base Value Value Phase-in Assessments
As of
01/01/2018 As of
07/01/2019 As of
07/01/2020
Land: 600,000 800,000
Improvements 925,000 856,300
Total: 1,525,000 1,656,300 1,612,533 1,656,300
Preferential Land: 0 0
Transfer Information
Seller: FIDELITY INVESTMENTS IOM LIMITED Date: 10/04/2016 Price: $1,347,200
Type: NON-ARMS LENGTH OTHER Deed1: /52919/ 00430 Deed2:
Seller: SYMPHONY PARK LLC Date: 07/24/2014 Price: $1,698,951
Type: ARMS LENGTH IMPROVED Deed1: /48957/ 00016 Deed2:
Seller: Date: Price:
Type: Deed1: Deed2:
Exemption Information
Partial Exempt Assessments: Class 07/01/2019 07/01/2020
County: 000 0.00
State: 000 0.00
Municipal: 000 0.00|0.00 0.00|0.00
Special Tax Recapture: None
Homestead Application Information
Homestead Application Status: No Application
Homeowners' Tax Credit Application Information
Homeowners' Tax Credit Application Status: No Application Date:

Where is the US house he declared in 2011. Please try your best to investigate that one for us.

tot:
Exactly. So many loopholes and that is what we should be focused on as a people, how to close these holes and ensure money meant for the country is used for the country. I am not a fan of any politician whether this man or the present one, what I find annoying are those trying to defend him at any cost. Look at the current state of Nigeria. Haba! Can people please have some sense for goodness sake?

The security our politicians enjoy (the citizens' readiness to always defend them) is what makes it difficult for them to do what is right. Amaechi said he should be stoned if he doesn't live to expectations yet, his party arrests anyone who say anything they find insulting. Imagine a Nigeria where everybody goes against these individuals at the same time? How much can the armed forces defend them? But even here on Nairaland, you'd see youths who after spending 6 years in schools, graduating without getting a good job, will still be singing their praises. It's sad to say but affliction is somehow wired into the brain of the average Nigerian. That's why he only barks when he's most pained.

itsme01:
My sister is a British lawyer and barely in the late 30s her husband is an accountant and both own similar properties on mortgage

Ajimobi declared less than 8m USD for a man who headed a top insurance firm in NewYork, worked 26 years in Oil and Gas industry and retired an MD in shell corporation downstream company, with huge salary, and pension package,

And to make the envy even more funny, you accuse him of predicting asset procurement 6 years before he became a governor

Mehn African envy and black heart is a huge problem

.

You are not an honest person. There is no need arguing with you. Was he MD for 26yrs or 2yrs. You climb up the ladder and the value of pay 26yrs ago is a big joke. They were paying people 5,000 naira a month. With inflation that money from 26yrs ago is worthless. His last job was in 2002. Do you now compare pay in 2002 to today when his monthly salary was probably 500k. Lmao. Those of us whose parents retired long ago know how rich they are despite their big positions then.

baby124:
You are not an honest person. There is no need arguing with you.

Lol run when you got flawed

989900:
There are many twists and turns to this, but believe me, the value of those properties are hyper-inflated.
How much is farmland at Ido in 2011? Probably ₦40,000-₦80,000/acre, but guyman wrote ₦1.2 or so/acre by 130 or so acres. . . same can be said of the Oluyole property, the Lagos properties too.

40k-80k/acre in 2011?
Na free, he no even pay at all.
You just come online to say nonsense.

Seun:
Where did he make all this money?

He was a top director of Exon mobil

traihit:
The security our politicians enjoy (the citizens' readiness to always defend them) is what makes it difficult for them to do what is right. Amaechi said he should be stoned if he doesn't live to expectations yet, his party arrests anyone who say anything they find insulting. Imagine a Nigeria where everybody goes against these individuals at the same time? How much can the armed forces defend them? But even here on Nairaland, you'd see youths who after spending 6 years in schools, graduating without getting a good job, will still be singing their praises. It's sad to say but affliction is somehow wired into the brain of the average Nigerian. That's why he only barks when he's most pained.

As an example, see the voltron above spelling expatriate as expertrate and floored as flawed, amongst numerous other blunders in his comments. Yet, he is vehemently defending someone whose kids went to the best schools overseas and got the best education. That is the Nigeria we live in.

IF YOU LIKE DECLEAR FROM NOW TILL TOMORROW AJIMOBI IS A THIEF

Jarus:
I dont have house in the US. I am in my 30s, Ajimobi declared this at 62 after retiring as CEO and even setting up own companies (and after a tenure as senator). So don't compare. Just telling you to look at the trend and see that it is possible.

Jarus Jarus, the Offa man. So, u still dey nairaland, u ain't as active as before again. How about that ur blog u created some years ago?