Oyo: Makinde makes details of assets declaration public, companies worth over N48 billion

Mega Icon — Mon, 15 Jul 2019 21:21:29 +0000

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.”

The post Oyo: Makinde makes details of assets declaration public, companies worth over N48 billion first appeared on MegaIcon Magazine.

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You cannot use Oyo funds to revive your ailing business, group tells Makinde

Mega Icon — Tue, 05 Mar 2019 15:46:58 +0000

An international socio – cultural group of Ibadan indigenes, named Ibadan United in Diaspora, on Tuesday said that the gubernatorial candidate of the Peoples Democratic Party (APC) in Oyo State, Mr. Seyi Makinde cannot be trusted with the Oyo State funds.

The group in a statement issued at the weekend by its Coordinator in North America, Mr. Remi Babatunde stated that Mr. Makinde is looking for ways to revive his ailing business, adding that the group is challenging the PDP gubernatorial candidate to make public the state of his business and the welfare of its workers.

Mr. Babatunde disclosed that Makinde’s business, Makon Engineering and Technical Services Limited, was almost shut for tax evasion by the Federal Inland Revenue Services (FIRS) few years back, calling on Makinde to show evidence of N1.5bn tax returns he claims to have paid during a gubernatorial debate to the whole world.

Also, the group coordinator said that there was a report of how Makinde defaulted in paying N26m tax in 2016 and his company escaped being shut, stating that Makinde should rather tell the people the truth of being a wheeler dealer instead of masquerading as a saint, industrialist and self-acclaimed philanthropist.

Mr. Babatunde further added that Makinde, who was a protégé of Late Gen. Sani Abacha, was a beneficiary of the Mrs. Diezani Alison-Madueke oil scam that brought the country on her kneels, noting that Makinde told the whole world himself of how he used to collect money from the late dictator through Major Al-Mustapha during a debate organized by a radio station in Ibadan.

He said “students of history will remember vividly how Abacha governed the country and the maltreatment of Yoruba leaders. While eminent Nigerians were fighting for the country to have democracy and good governance, Makinde was busy collecting money. He is a wheeler dealer who cannot be trusted with Oyo state funds”.

The post You cannot use Oyo funds to revive your ailing business, group tells Makinde first appeared on MegaIcon Magazine.

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Oyo: Makinde makes details of assets declaration public, companies worth over N48 billion

You cannot use Oyo funds to revive your ailing business, group tells Makinde