Oyo State Governor, Seyi Makinde, has stated that he has become poorer than he was in 2019 after the completion of his first term tenure of four years, as a result of looking after the development of the state as against his personal business.
Makinde stated this on Friday when he was received by the Director of CCB in Oyo State, Mr Bisi Atolagbe, at the Code of Conduct Bureau Office, shortly after submitting his asset declaration form.
He said: “In the last four years, I am 12 percent poorer because I have not really had the chance to look after my business. I have been looking after Oyo state business.”
Recall that the Governor, in compliance with the Code of Conduct Law, which mandates public office holders to declare their assets while assuming and exiting office, published his asset declaration document in 2019, showing he had in excess of N48 billion in both cash and properties.
It was gathered that it is, however, not compulsory to make the details of assets public.
Asked for details of the content in his assets declaration form, Makinde, who is yet to publicly disclose how much he is now worth, said, “well, statutorily, you have to declare your assets on assumption of office at the end of the tenure. So, since one tenure is ending on midnight Sunday and, by law, I have to do declaration of assets before assuming office for the next tenure.”
“So, I came in here to submit my end of tenure for the first term asset declaration.
“I believe you’re all aware of my declaration for the first tenure but I can tell you that, in four years, I’m poorer because I’ve not really had the chance to look after my business. We’ve been looking after Oyo state business. So, I’m not surprised there were losses a bit here and there but I’m still okay,” He added.
Further recall that Makinde’s former Chief Press Secretary, Taiwo Adisa in statement in 2019, the governor’s CCB OYSE/2019/001 form filed on May 28, 2019, showed he had N48 billion in cash and asset.
The asset was categorised in cash at hand, in the bank, landed properties (developed and undeveloped), and household items.
They also include shares and bonds owned by the governor, his wife, Omini Makinde, as well as his companies.
According to Adisa, as of May 28, 2019, Makinde’s bank balance stood at N234, 742,296.01 while in dollar terms, he 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.
