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Oyo: Makinde makes details of assets declaration public, companies worth over N48 billion
Oyo state governor, Engr. 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, the state capital, 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, revealed 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 Governor Makinde 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 N3.389 billion.
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.”
News
‘Restoration Budget’ in Focus as MDAs Face Reps Tuesday
The House of Representatives will commence the defence of the 2025 Appropriation Bill by Ministries, Departments, and Agencies (MDAs) on Tuesday, January 7, 2025.
This was disclosed by the Chairman of the House Committee on Appropriation, Hon. Abubakar Bichi, on Monday after a strategic meeting with chairpersons of statutory committees at the National Assembly.
Bichi emphasized the House’s commitment to ensuring the timely passage of the budget, stating that the legislative body aims to conclude deliberations and approve the budget by the end of January 2025.
It will be recalled that on December 18, 2024, President Bola Ahmed Tinubu presented a ₦49.7 trillion Budget Proposal for 2025 before a joint session of the National Assembly.
The budget, themed “The Restoration Budget: Securing Peace, Building Prosperity,” prioritizes security and defence, infrastructure, health, and education.
In his 30-minute address, President Tinubu highlighted key allocations, including ₦4.91 trillion for defence and security, ₦4.06 trillion for infrastructure, ₦2.4 trillion for health, and ₦3.5 trillion for education, among others.
“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of Nigeria, titled The Restoration Budget—securing peace, building prosperity,” Tinubu declared during the presentation.
The defence sessions are expected to feature critical scrutiny of MDAs’ spending proposals to ensure alignment with national priorities and efficient resource utilization.
The 2025 Appropriation Bill is projected to bolster efforts in economic recovery, infrastructural development, and enhanced service delivery in critical sectors, as the government continues its drive to restore stability and prosperity to Nigeria.
News
Ondo SSG, Temitayo Oluwatuyi, Dies After December Road Accident
The Government of Ondo State has announced the death of Hon. Temitayo Oluwatuyi, the Secretary to the State Government (SSG), who passed away on Saturday, January 4, 2025.
In a statement released by the Commissioner for Information, Wale Akinlosotu, it was revealed that the late Oluwatuyi had been involved in a severe road accident on December 15, 2024, while traveling along the Ife-Ibadan Road.
Following the incident, he was hospitalised but unfortunately succumbed to his injuries.
“It is with profound sadness that the Government of Ondo State announces the passing of Hon. Temitayo Oluwatuyi, Secretary to the State Government (SSG), on January 4, 2025,” the statement read.
Describing the late politician as a dedicated public servant, Akinlosotu highlighted his significant contributions to the growth and development of Ondo State.
“Hon. Oluwatuyi was a committed public servant whose unwavering dedication to administrative coordination, policy advisory, and implementation greatly impacted Ondo State. His loss leaves a void in our hearts and governance,” he said.
The Ondo State Government extended its heartfelt condolences to the Oluwatuyi family of Akure, as well as to his friends and associates.
“The Government of Ondo State extends its deepest condolences to the Oluwatuyi family, friends, and associates during this difficult time,” Akinlosotu added.
Further details regarding the burial arrangements of the late politician will be announced in due course.
News
Nasarawa Governor Dissolves Cabinet, Relieves SSG
Nasarawa State Governor, Abdullahi Sule, has dissolved the state’s Executive Council, marking the end of the tenure for commissioners and the Secretary to the State Government (SSG).
The announcement was made during an executive council meeting held on Friday, January 3, 2025.
Governor Sule expressed his appreciation to the outgone members of the council for their dedication and contributions to the administration and the people of Nasarawa State.
He wished them success in their future endeavors.
“I sincerely thank you for your services to this administration and the people of our dear state. I wish you the very best in your future pursuits,” the governor stated.
To ensure a smooth transition, the governor directed the outgoing commissioners to hand over all government properties and the affairs of their respective ministries to the Permanent Secretaries in their ministries.
Similarly, the outgoing Secretary to the Government is instructed to transfer responsibilities to the Permanent Secretary, Cabinet Affairs, and Special Services.
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