By Our Correspondent
Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Onibiyo Adio , has revealed the items on the assets declaration form (Declarant ID FGAO: 000512) submitted to the Code of Conduct Bureau (CCB).
Listed on the forms are cash totalling N3, 810, 206 in accounts with Access Bank, Standard Chartered Bank and United Bank for Africa as at 30 March 2016, and $821 in domiciliary accounts in Access Bank and UBA, as well as shares in Skye Bank, Sterling Bank and Staco Insurance, bought in 2008 at N2.5m now presently valued at N296, 610.
Adio also disclosed that the foreign accounts he operated at different times as a student or a fellow in the US have been closed.
He listed the landed assets as “one unit of a three-bedrooom bungalow in an estate in a suburb of Abuja bought in 2011 at N17.5m, renovated and currently valued at N25m; two units of 3-bedroom flats built over 13 years (between 2000 and 2013) in Lambe, Ogun State, currently valued at N12m.”
And in the undeveloped plots category, Adio highlighted “two plots together measuring 1000 sqm demarcated by a dwarf fence in Iwo, my hometown in Osun state, bought in 2013, valued at N700, 000; yet-to-be-located 600 sqm in a disputed estate in Sabon-Lugbe, Abuja bought in 2011 at N750, 000.”
Other items are VW Passat bought new in 2011 at N5.8 million and BMW X5 2008 Model bought second hand in February 2016 at N3.3 million
The NEITI chief also listed Think Tank Consult Limited, SW4 Media Limited, Publishers of Metropole Magazine, Elan-Metro Foods Limited, and Cable Newspaper Limited, Publishers of The Cable online newspaper as companies he co-founded and has ‘beneficial interests’
Similarly, the statement said Adio has equity in two non-operational companies in Papyrus Media Limited and Bamisoro Media Limited.
“My wife runs two businesses: a salon and a bakery, with equipment and distribution vehicles all valued at N28.5m. We have three children under 18 and they do not own any assets,” declared Adio in a statement personally signed by him yesterday in Abuja.