The Oyo State Governor, Mr Seyi Makinde, last Monday, made public his assets after he received a copy of the asset declaration form which he had earlier submitted to the Oyo State office of the Code of Conduct Bureau (CCB) in Ibadan.
Details of the assets are 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.
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 Mr Taiwo Adisa, the Chief Press Secretary to governor, Makinde has cash at hand and in the bank worth N234,742,296.01, while in dollar terms, Makinde has cash valued at $30,056.99 as at May 28, 2019.
“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 property, 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 the Makinde include nine buildings in Nigeria, two in the U.S. and one in South Africa.
One of the property in the U.S. 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 stated.
In addition, the asset declaration form indicated that 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.”
Earlier on Monday, Governor Makinde told newsmen at the CCB office in Ibadan, that he came to collect the photocopy of the form signed in fulfillment of his campaign promise to declare his asset publicly and release the document to the public.
He also promised to encourage all the members of his cabinet to do the same thing “but in as much they stay within the ambit of the law.”
Huge Cost Of NASS Maintenance Worries TUC
Rivers State chapter of the Trade Union Congress (TUC), has called on the Federal Government to reduce the costs of governance in the country, noting that it cost the country billions of Naira to maintain the National Assembly alone.
The State TUC, chairman, Austin Jonah who spoke when he appeared as guest on a live Radio programme in Port Harcourt monitored by The Tide stated that the cost of governance in Nigeria is very expensive and not attainable.
Jonah further said the federal government will have enough funds to pay the minimum wage when they reduce the salaries and allowances of political office holders.
“Look at the welcome pack of the National Assembly members. N4.6 plus billion for accommodation and furniture. A Senator is going home with about N10million, while the member of House of Representatives is taking N9million plus.
“If you calculate with 360 persons in the House of Reps, plus 109 in the Senate, that is about 469 people and they have severance gratuity. They have so many things they are going home with plus their salary. You see, if you look at governance and cut down expenditure in governance this money, they have already taken the money that are talking about.
“They have taken it in the sense that they want to increase communication tax, such as that every call you make you pay tax, sms you pay tax, data you pay tax and even cable Television,” Jonah lamented
The State TUC chairman said what the labour union negotiated with the Federal Government was not the minimum wage but consequential adjustment.
“What we were negotiating was the consequential adjustment. Now from N18, 000 to N30, 000, the difference is N12, 000, which is 66 per cent. That 66 per cent was what we negotiated. By right we are not supposed to negotiate.
“If you trace the history of minimum wage in Nigeria, it started in 1981 during the Alhaji Shehu Shagari Government. Whenever you finish with minimum wage, the consequential adjustment is based on the percentage of the difference.
“The first minimum wage presented by the NLC was N300, but at the end of the day N125 was agreed,” he said.
NASS Promises Better Funding For Nigerian Army
The Chairman, Senate Committee on Army, Senator Ali Ndume and his House of Representatives counterpart, Mr Abdulrazak Namdas, have promised to ensure adequate funding for the Nigerian Army in the 2020 budget.
They made the promise on Saturday in an interview with newsmen during the Passing Out Parade (POP) of 78 Regular Recruits Intake at the Depot Nigerian Army, Zaria, Kaduna State.
They said that the army needed to be adequately funded to be able to effectively tackle the prevailing security threats in the country.
Ndume, who agreed that the N100 billion proposed for the defence in 2020 budget was inadequate, said that the committee on army was looking at how to help to enhance the funding.
He said that the national assembly was aware of needs of the army that needed to be provided to enable its personnel to perform their duties effectively.
“We are going to do something despite the fact that the resources are scarce but security is first and everybody has agreed to that.
“We are looking at the budget critically to place our priorities right so that the right things will be done first.”
Namdas said that the joint committee had embark on fact finding tour to army formations across the country and realised that the army had challenges.
According to him, they are really on ground, they have done so much and now that the National Assembly is considering the budget we can appropriate for the army.
“We will see how we can be able to adjust and see how that can be able to cope with the challenges at hand,” he said.
Namdas also disclosed that a motion to provide for special funding for the armed forces was currently being considered on the floor of the House of Representatives.
He added that the armed forces could not be adequately funded only by the budget, adding that there was need to look beyond the budget to finance the operations of the armed forces.
“That motion has been taken and we are looking to it and by the special grace of God, even after the budget we will look for special funding for the armed forces generally,” he said.
The Depot Nigerian Army on Saturday graduated a total of 4832 regular recruits who would be deployed to various formations of the army.
Similarly, the Chief of Defence Staff, Gen. Gabriel Olonisakin, urged the graduating soldiers to always uphold the oath of allegiance they had taken to defend the territorial integrity of Nigeria.
Olonisakin also tasked them to display total loyalty while pledging that the prevailing security challenges would soon be over through the commitment of the military.
APC, Party For Notorious Liars – Ayade
Governor Ben Ayade of Cross River State has described the All Progressives Congress (APC) as a group of persons notorious for lies, especially in his state.
He said the assertions credited to the APC chairman in the state, John Ochala, over his return to school to pursue a Master’s degree in law at UNICAL were as laughable and pathetic as the party itself in the state, adding “the party in the state is notorious for lies.”
Ochala is reported to have said that Governor Ayade returned to school because of idleness and laziness and that he (Ayade) lacked ideas on how to govern the state.
But the Governor in a statement by Mr. Christian Ita, his chief media adviser, said it was “funny that a party like APC which prides itself as a major opposition cannot engage the Governor on governance issues but chooses to lie to score cheap political points.
“If they didn’t see anything wrong with Governor Malam Nasir el-Rufai returning to school in 2017 in faraway Netherlands for his PhD, what,then is wrong if Governor Ayade returns to school to add to his numerous degrees within Calabar, the state capital?” he asked.
The statement reminded the APC that Chief Whip of the Senate and member of the APC, Senator Orji Uzor Kalu was an undergraduate student while serving as Abia State governor.
“The timing of Governor Ayade’s decision to return to school is unequivocally perfect. Unlike APC members, the governor, despite all the resources at his disposal didn’t choose any foreign university, he decided to do it locally thereby boosting the reputation of Nigerian universities at a time tertiary institutions in West Africa are under attack,” he said. Ayade said to attack his quest for more academic degrees shows that APC in the state was weak as opposition party and could not be able to distract him.
Friday Nwagbara, Calabar
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