Source http://pointblanknews.com/

Vice President Jonathan Bows To Pressure, Declares N.2Billion In Assets



VP Goodluck Jonathan 
The Vice president Goodluck Jonathan yesterday capitulated to public pressure over the public declaration of his assets as done by his boss, President Umaru Yaradua as he made public his assets declaration to the Code of Conduct Bureau.

The assets which were made public by the senior Special Assistant to the Vice president on Media and Public Affairs, Ima Niboro indicates that the value of the Vice president total assets and cash in banks stands at N295,304,420.

This is about N561, 148,472 less than the assets declare by President Umaru Yar’Adua who declared his total assets to be at the value of N856,452,892.

Mr. Iniboro said the vice president’s decision to make public his assets declaration was to show that ‘there is nothing to hide’.

He added that the vice president is ‘a firm believer in the rule of law and this has guided his conduct in office through the years.

“It is this belief that also guided his position that having declared his assets for a total of seven times, there was no point in going further to publish the declaration” he noted

The vice president’s aide regretted that the position of the vice president not to make public his assets declaration had ‘generated an unfortunate storm, which is not only distractive but also quite unnecessary. We are worried that some newspapers and citizens we hold in high esteem have joined the fray.

“This merely shows that in the affairs of man, there comes a time when even the law must take a second place and the public mood must define our actions. To The Vice president, this is such a time, hence the choice to send you a copy of his declaration for publication” he said.

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In the assets declaration made public yesterday, it indicated that the vice president submitted his assets declaration before Justice Muktar Dodo of the Abuja high court on 30th May 2007, a day after the oath of office and oath of allegiance was administered on him.

A break down of the assets of the vice president indicates that he has four buildings located in Yenegoa, Abuja and his home town in Ogbia, Bayelsa state.

The Vice president said he owns a five bedroom Duplex in Gwarimpa 11, Abuja which was acquired in 2003 through loan and is valued at N24,990,000 while another Seven Bedroom Duplex, which he described as Village personal Home is located at Otuoke in Ogbia Local government area of Bayelsa state. It is valued at the cost of N18,000, 000 and was acquired through ‘savings and gifts in Kind.

The last of the Vice president’s residential buildings are the Four bedroom Duplex acquired in 2003 through ‘savings and gift in Kind’ in the Kpansia area of Yenegoa. The value of the building, he said is N15,000,000. The last Building is the extended Family house in Yenegoa which he said is a four flat storey Building acquired between 2003 and 2007 through savings. The value of the property is put at N10,000,000.

Under vacant and undeveloped plots, the vice president stated as follows: 1032.50 square meter of land located at Onopa Yenegoa and valued at N3,098.00. Plot 2C, 374 Low density Area Yenegoa allocated by the bayelsa state government and valued at N150,000. 2760.00 square meter plot at cadastral Zone BO2, Durumi, Abuja allocated by the federal Capital Development Authority and valued at N5,578,540. One Parcel of farm Land at Otuoke Ogbia acquired through inheritance and estimated at the value of N50,000,000.

Plot Medium Density in Yenegoa allocated by the Federal Ministry of Works and housing the value of which he said is N1550.00

Plot 29, Low density Area Plot in Yenegoa allocated by the Bayelsa state government the value of which is put at N4,908. While the last undeveloped plot owned by the vice president is plot 2246 Cadastral Zone A06, Abuja the value of which he put at N4, 800,000. It was allocated by the Federal Capital development Authority, FCDA

The Vice president’s investment in stocks which is being managed by City Code Investment Company is as follows.

S/No Name of Stock Number Of Shares Value As At 5/25/07
1 CADBURY PLC 8,666 N264,313
2 FLOUR MILLS PLC 8,466 N635,119.32
3 GUINESS NIG. PLC 6,395 N796,177.50
4 UNILEVER 18,750 N337,500
5 UNION BANK OF NIG. PLC 23,466 N727,446
6 FIDELITY BANK PLC 33,333 N296,663.70
7 UBA PLC 180,000 N6,838,200
8 ACCESS BANK PLC 84,656 N1,635,553.92
9 CADBURY PLC 2,500 N76,250
10 UNION BANK PLC 716,109 N22,199,379
11 FIRST BANK PLC 20,000 N808,000
12 FLOUR MILLS PLC 13,333 N1,000,241.66
13 NIGERIAN BREWERIES PLC 10,000 N363,000
14 BANK PHB PLC 866,666 N24,959,980.80
15 OANDO 15,125 N1,134,375
TOTAL 2,007,465 N62,072,200
Other investments include 4nos passenger boats for hiring which is valued at N5, 260,000. While the total cash in Nigerian banks being personal saving of salaries/allowances and income from his investments stands at N58, 984,123.

The vice president house holds utensils including generators, a BMW car valued at N15, 800,000, which he said was a gift; air conditioners, furniture, electronics and kitchen utensils is valued at N41,800,000.

When Yar'Adua made his asset declaration and eyebrows wee raised about his worth people came to his defence that he inherited most of it agreed.

Now with Goodluck did he inherit too from whom at least he was a lecturer till 1999

This were the "clean duo" PDP had in stock for us that even have question marks over their asset.

This man really has a great deal of Goodluck with "gifts"

meanwhile this pointblank news, why are they trying so hard to justify this unsubstantiated enormous amount of money.

Whoever said you could round off N295 million to N200 million (N.2 billion).

And how can somebody that just came out of 25 years of civil service be comparing the ratio of his wealth with another person whose family empire has been known for ages?

Abi Ebele inherit these gifts too from his father and brother?


How can any sane hardworking man buy a BMW which cost his entire salary for 8 years as deputy and state governor?


Ebele must hang.

Can he be bold enough to show us how much he is worth at the moment? Over to you Reuben Abati

Don Demu: Can he be bold enough to show us how much he is worth at the moment? Over to you Reuben Abati

He doesn't give a damn. Have you forgotten?

Don Demu: Can he be bold enough to show us how much he is worth at the moment? Over to you Reuben Abati

and tinubu also

blink182: He doesn't give a damn. Have you forgotten?

Oooopss...... My bad

...roughly N58 Million in cash? after being the governor and deputy governor. Lemme wait for the values of the orchard, farmland and all those houses that baba has!

GEJ's assets declaration, despite some flaws, was a more holistic account of all his assets. The bolded, was the main attraction, in which he disclosed his total worth in shares, not just giving us what company he has invested in, but the amount of shares, he has with each company. The fact is that, both him, Yaradua and PMB, all gave us a portion of what they are truly worth, but the difference is that GEJ, gave us the most accurate account, while PMB, under pressure, gave us a Clear misrepresentation of his true worth, with errors and omissions noticeable to even the blind

hinwazaka:
GEJ's assets declaration, despite some flaws, was a more holistic account of all his assets. The bolded, was the main attraction, in which he disclosed his total worth in shares, not just giving us what company he has invested in, but the amount of shares, he has with each company. The fact is that, both him, Yaradua and PMB, all gave us a portion of what they are truly worth, but the difference is that GEJ, gave us the most accurate account, while PMB, under pressure, gave us a Clear misrepresentation of his true worth, with errors and omissions noticeable to even the blind

JUST MY POINT,...sips some coffee and keeps watching!

WHY are nigerians not talking about this