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“No new houses, no new accounts, no new shares”: Buhari submits assets declaration form

Aso Rock

“No new houses, no new accounts, no new shares”: Buhari submits assets declaration form

President Muhammadu Buhari on Tuesday submitted his assets declaration forms to the Code of Conduct Bureau, CCB, according to a statement by senior presidential aide, Garba Shehu.

Why it matters: By law, the president and other elected officials ought to submit their assets declaration forms before taking their oaths of office tomorrow. There had been concerns over the delay in submission by the president with the inauguration only a day away.

Per the presidency statement, the form was submitted on the president’s behalf to the Chairman of the CCB, Professor Mohammed Isa, by Sarki Abba, Senior Special Assistant, Household and Domestic Affairs.

  • “It showed no significant changes in assets” compared to the form he submitted four years ago.
  • “There are no new houses, no new bank accounts at home and abroad and there are no new shares acquired.”

Bottom line: Public declaration of assets was one of the key campaign pledges of the president in 2015, one which he has so far failed to keep. Although the president announced some line items in his assets declaration form submitted the last time, he did not release comprehensive details or publish it the way the late President Musa Yaradua did in 2011. Buhari has also not permitted the CCB to release it on his behalf, disappointing Nigerians who expected him to keep to his words.

  • Today’s vague statement also makes it appear like Buhari still does not intend to keep his promise.

Food for thought: The president claims he has seen no substantial improvement in his wealth in the last four years. How do we place that in context with the declaration by his wife that she intends to establish a university?

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