True to his campaign promises president Umaru Musa Yaradua yesterday made public his assest declaration as submitted to the code of Conduct Bureau which strongly advised him against the move saying that‘such action would put pressure on other categories of public officials to do same even when the constitution makes the exercise a private matter.

Special adviser to the president on Communications, Segun Adeniyi who made the assets public told state house correspondents yesterday that while appreciating the concern of the code of Conduct, the president felt that ‘his campaign pledge to Nigerians (to make his assets declaration public) is a solemn commitment’ that should not be violated by other exterior considerations.

The assets declaration form was dated 28th May, 2007, a day before he was sworn in as the president of the federal republic of Nigeria.

Mr. Adeniyi said the president’s action was ‘borne out of his conviction that the war against corruption cannot have meaning until those at the helm begin to live by example.

“Having weighed the two sides, the president has come to the conclusion that since he will not be breaking any law, he cannot go back on his promise to the nation.

Details of the release made by Adeniyi indicate that the president own assets totaling N856, 452,892. N19 million of these assets belong to his wife, Hajia Turai Umaru Yaradua.

The president’s liabilities amounted N88, 793,269.77 which are his  outstanding loans secured with the Unity Bank Plc, Imani Estate branch, Maitama Abuja.

While the president’s total income from his assets stands at  N18.7 million, that of his wife according
to the declaration made by the president was put at N132,000.

The president’s cash at hand which he said was derived from savings, campaign contributions and post campaign contributions was put at N7.5 million.

 A breakdown of the assets declaration shows that the President has a total of N43,702,892.43 as Cash at bank, being remuneration, savings, campaign and post campaign contributions lodged with the Bank PHB. Details show that while a total of N26,602,681.00 stands as credit at the Bank PHB, Nagogo Road, Katsina State  branch; N12,000,264.21 is in the Apapa, Lagos State branch. Also, a total of 4,999,947.22 is at the head office of the bank in Kaduna . The president declared a total of N88,793,269.77 as his liabilities, being cash in Nigerian banks as loans and debit at the Imani Estate, Maitama, Abuja branch of Unity Bank Plc (formerly Intercity Bank). These are in two accounts of N26,817,362.19 and N61,975,907.58 respectively.

Under buildings, president Yaradua declared its worth to be of N577,000,000 which included built up and vacant  and undeveloped plots. These  include his family compound at Yar’Adua Quarters in Katsina State , valued at N105,000,000, a property he said he acquired through inheritance in November 1997.

He also declared a  multi-storey building at A8 Wuse 2, Abuja with total value of N212,000,000. the land for the plot was  granted by the Federal Government to him in 1988. Another Duplex declared by the president and situated at  Malali, Kaduna State with a value of N120,000,000 was said to have been given to him by his late elder brother, Major General Shehu Musa Yaradua. It was originally a three-bedroom bungalow. The president also own a seven bedroom duplex at 2 Lema Jubril Close valued at N90,000,000 that was built from savings in 1987.

He also own a vacant  plot at Asokoro New Layout in Abuja valued at N50,000,000. This, like the other
property he owns in Wuse district of Abuja  was granted by the Federal Government to him in 1998.

Apart from these president Yaradua owns  two farms worth N25,000,000 in Katsina State  One is located at Ruwan Godiya in Faskari Local Government of Katsina State valued at N10,000,000 that  was acquired in 1982 while another farmland and orchard  also located at Ajiwa, Batagarawa Local Government in Katsina State is worth N15,000,000. It was acquired in 1993.

President Yaradua by hios declaration is a share holder with 2,000,000 units of shares of Habib Bank
acquired in 1998 which is in the process of being converted to Bank PHB; 100,000 unit of shares of
Intercity Bank Plc also in the process of conversion to Unity Bank Plc and another 100,000 units of shares of Muradi Hotels Limited. The location of the hotel was not stated in the form.

The president is a proud owner of vehicles worth N181,250,000.

Out of these,29 of the cars are  new cars worth N174,700,000 and stationed both in  Katsina and Abuja.
These he said they are campaign vehicles.  he also owns a Honda Accord car worth N350,000 and a Mercedes Benz worth another N6,500,000.

The president also declared the assets of his wife the value of which he put at  N19,000,000. these are
made up of three local houses worth N1,5000,000 acquired in 1998; one twin bungalow valued at
N15,000,000 located in Kofar Kaura layout in Katsina State acquired in 2002 and three vacant plots in
Katisina acquired in 2003 worth N2,500,000 as well as household furniture in Katsina acquired when he was a director of Habib Bank is worth N3,000,000.