Gov. Makinde

The Oyo State Chapter of the All Progressives Congress (APC) has called on Governor Seyi Makinde to explain the source of his ownership of the sum of N48 billion which he made public on in his asset declaration form on Monday .

The state Chairman of the party, Mr. Akin Oke made the call during a telephone interview with the News Agency of Nigeria (NAN) in Iseyin on Tuesday.

 Oke said: “I don’t think I want to make comment on the issue, since I have no idea, but it raises a number of issues. He just declared what he has. How he came about the asset is not there.

“Going by my experience and exposure, I think it is too early to honestly assess a governor just after a few weeks office. I would rather wait till after 100 days or even after six months. To start assessing people after six weeks in office will be so unfair if one wants to be honest to his conscience.” 

In keeping with his campaign promises, Governor Makinde had on Monday publicly declared his assets when he visited the Oyo State office of the Code of Conduct Bureau in Ibadan to receive a copy of the asset declaration form.

Details of the assets as contained in the CCB 1 with the name Oluseyi Abiodun Makinde and marked YSE/2019/001 were declared at the High Court of Oyo State , on May 28 , 2019 .

The form contained details of cash at hand, in the bank, landed property, household items, share and bonds owned by the governor and his wife, Omini as well as his companies.

A statement containing the details of the asset form made public by his Chief Press Secretary, Mr. Taiwo Adisa revealed that Makinde has cash at hand and in the bank totalling N234, 742, 296.01 as at May 28, 2019. He also had $30, 056.99 as of the same date.

The statement said property and household items indicated on the asset forms showed that the governor was worth N2, 624, 800, 500 while in dollars, the governor declared property and household items worth $4, 400, 000.

The governor also declared buildings and household items worth 4, 400, 057, 550, 04 in  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 property 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  with 33, 730, 000 units of shares as of May 28, 2019.

“The governor also has existing bonds worth $3, 793, 500 as well as shares, debentures and other securities valued at N120, 500, 000.

“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 statement said.

The form further indicated that Makinde’s four companies had 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 (N34 million), Energy Traders and Technical Services Limited (N1. 159 billion).