9 Amazing Facts About Gov Seyi Makinde's N48billion Worth

- Not even President Buhari and Vice President Osinbajo came any close to Makinde’s numbers when they declared their assets publicly in 2015.

On Monday, July 15, 2019, Makinde picked up his asset declaration form from the Code of Conduct Bureau (CCB) giving us insight to his massive wealth. 
Let's unpack some of these things you don't know about his assets, shall we? 
  1. Gov Makinde is truly worth N48billion in companies, assets and cash in the bank. 
  2. 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.
  3. This tells us that Makinde's investment is in oil and gas, power, construction and engineering—all of this while fighting to be governor of Oyo State.
  4. 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.
  5. Now, wait for this: 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.
  6. Let’s strip it bare to what Makinde’s worth comes to in international currency, shall we? 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).
  7. The houses declared by Makinde include nine buildings in Nigeria, two in the U.S. and one in South Africa. One of the properties in the U.S. is described as ‘jointly owned’
  8. As it is, Makinde is currently richer than most states in Nigeria. Only Lagos, Nigeria’s commercial capital, makes close to N48billion in a month, for context. Lagos' internally generated revenue stands at about N34billion monthly. Oyo state generates about N4billion in a month. Makinde can actually pay his state and keep the change, if it came to that.
  9. The 51 year old Governor says he declared his assets publicly to encourage all the members of his cabinet to do the same thing ”in as much they stay within the ambit of the law."

No comments

Powered by Blogger.