Governor Seyi Makinde of Oyo State has said that his personal business concerns and assets have suffered a decline in value since he became the state governor.
Makinde noted this on Sunday while speaking to journalists.
Makinde, who did not disclose the current details of his assets, however, told journalists that the details would be made known to the public later.
The governor said he submitted his Asset Declaration form at the Code of Conduct Bureau office on Total Garden Road, Ibadan, on Friday.
When he assumed office, Makinde declared that he had N48 billion worth of assets.
Makinde, who did not disclose the current details of his assets, however, told journalists that the details would be made known to the public later.
NAN reports that in compliance with Paragraph 11 Part 1 to the fifth schedule of the 1999 Constitution of the Federal Republic of Nigeria, a governor is mandated to declare his assets at the end of the first tenure.
He said, “By law, I have to do Declaration of Assets at the end of my first tenure and before assuming office for the next tenure.
“So, I have gone to the CCB office to submit my Assets Declaration form at the end of my first tenure and also my assets at the beginning of the second tenure. You are all aware of my Assets Declaration for the first tenure.
“I can tell you that in the last four years, I’m poorer by 10 to 12 per cent. This is because I have not really had the chance to look after my business.”
“We have been looking after Oyo State business; so, I’m not surprised that there were losses a bit here and there, but I’m still okay,” Makinde added.
The state deputy governor, Bayo Lawal, was also present to submit his Assets Declaration form, according to NAN.
Makinde is scheduled to be sworn in for a second term in office on Monday, May 29, 2023.
