Politics
Makinde Makes Assets Declaration Public
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.”
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He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
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Politics
Makarfi Resigns As PDP BoT Secretary
Senator Makarfi’s resignation comes on the heels of the national convention that saw the emergence of the new Chairman of PDP, Dr Kabiru Tanimu Turaki (SAN).
In his letter of resignation, which was addressed to the PDP BoT Chairman, Senator Adolphus Wabara, and made available to journalists in Kaduna on Monday evening, the former governor said, “Chairman and Members of the Board of Trustees may recall that about two months ago I had resigned as Secretary of the Board and posted same on the Board’s WhatsApp platform.
“Mr Chairman, you may also recall that you personally urged me to stay on until after a convention that produced a Chairman.”
He added that the principal reason he initially tendered his resignation then “and now, was and is still my belief that the National Chairman of the Party and Secretary of the Board of Trustees should not come from the same geopolitical zone.
“Now that a chairman has emerged from the North West, where I come from, it’s necessary to give him full space to do the needful. Accordingly, I hereby formally resign as Secretary of the Board of Trustees of the Peoples Democratic Party with effect from today, November 17th, 2025.”
While commending the BoT Chairman for his support during his tenure as Secretary of the Board, he stressed, “I truly appreciate the very respectful relationship between us during my period as Secretary,” adding that, “I also appreciate all Board members for their support and the good relationship that prevailed during my period as Secretary.”
Meanwhile, Dr Turaki on Monday pledged to ensure that power returns to the Nigerian people, urging the judiciary to uphold the tenets of democracy.
Dr Turaki, while giving his acceptance speech after the swearing-in of new officers at the end of the Elective Convention of the PDP in Ibadan, assured that there will be “no more impunity, no more suppression of the will of Nigerians”.
The chairman appealed to the judiciary to uphold the principles of stare decision, abiding by the decisions of the Supreme Court, and not to “willingly or unwillingly put yourselves in a situation where, rightly or wrongly, it may be assumed, correctly or incorrectly, that you are part and parcel of the process to truncate Nigerian democracy.”
According to him, the new leadership of the party would be open to listening to the yearnings of members, with a view to aligning with their will, declaring that “No more monkey dey work, baboon dey chop,” adding that “if baboon wants to chop, baboon must be seated to work.”
He noted that the PDP has maintained its original name, motto and logo, unlike the other parties that started with it, making it a recognised brand anywhere in Nigeria.
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