The Governor of Oyo State, Seyi Makinde, has declared his assets, fulfilling one of his campaign promises.
Details of the assets as contained in the CCB 1 with the name Oluseyi Abiodun Makinde 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 owned by the governor and his wife, Omini Makinde, as well as his companies.
According to a statement containing the details of the asset form made public by the Chief Press Secretary to Makinde , Mr Taiwo Adisa, the governor of Oyo State has cash at hand and in the bank worth N234, 742,296.01, as of May 28 , 2019 .
In dollar terms, the governor had $ 30,056.99 as of the same date. The statement added that properties and household items indicated on the asset forms showed that the governor was worth N2 ,624,800,500. In dollars, the governor declared properties and household items worth $ 4 ,400,000. In South African Rands, the governor declared buildings and household items worth R4 ,400,057,550,04.
The asset declaration form indicated that Makinde’s four companies had additional assets denominated as loan notes, including Makon Engineering and Technical Services Limited(N 1 .7 bn); Makon Power System Limited(N 148.4 m); Makon Oil and Gas Limited(N34 m); Energy Traders and Technical Services Limited(N 1 .159bn) totalling N 3 .389bn.