Engineer Seyi Makinde, Governor, Oyo State |
Business
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His assets declaration contains details
of cash at hand, cash in the bank, landed property (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 assets’
form made public, the governor had cash at hand and in the bank worth N234,742,296.01
as of May 28, 2019. In dollar terms, the governor has cash valued at $30,056.99
as at the same date.
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The property, 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 has
property, developed and undeveloped, as well as household items valued at
$4,400,000 (four million, four hundred thousand dollars only).
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financial status of your company will grow when more than 20,000 CEOs and top
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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 governor
include nine buildings in Nigeria, two in the United States and one in South
Africa. One of the property in the U.S. is described as “jointly owned.”
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The current value of Makinde’s
companies standing 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 of 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).
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The companies listed by the Governor
include Makon Engineering &
Technical Services Limited; Energy Traders & Technical Services Limited;
Makon Oil & Gas Limited; Makon Group Limited, Makon Construction Limited
and Makon Power System Limited.
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The governor’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 (N1.159billion) totalling N3.389 billion.
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