Adio, NEITI Boss, Releases His Assets Declaration

• Assets include N3.8m in banks, land, buildings

Iyobosa Uwugiaren in Abuja

The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Onibiyo Adio, said on Wednesday in Abuja that he had submitted his Assets Declaration Form, as required by paragraph 11 of the 5th Schedule of the 1999 Constitution and Section 15 of the Code of Conduct Bureau and Tribunal Act.

In a statement he personally signed, Adio said Declarant ID is FGAO: 000512, saying Form CCB 1 is the Assets Declaration Form for public officers, which all elected and appointed public officers are mandated to submit to the Code of Conduct Bureau (CCB) on assumption of and departure from office.

In line with the law, the CCB is empowered to verify the claims made in the form to ensure that public officers do not anticipatorily over-declare their assets, and that they do not use public office to corruptly
enrich themselves.

Highlights of the assets declaration include cash in Nigerian banks, land and buildings.
According to the newly appointed NEITI boss, ‘’As at 30 March 2016, I had a total of N3, 810, 206 in Naira accounts with Access Bank, Standard Chartered Bank and United Bank for Africa.

‘’As at 30 March 2016, I had a total of $821 in domiciliary accounts in Access Bank and UBA. The foreign accounts I operated at different times as a student or a fellow in the US are all closed.’’

On buildings, Adio added that he has one unit of a 3-Bedrooom bungalow in an estate in a suburb of Abuja bought in 2011 at N17.5million, 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.

He also declared two plots — together measuring 1000 sqm demarcated by a dwarf fence in Iwo, his hometown in Osun State, bought in 2013, valued at N700, 000, and yet-to-be-located 600 sqm in a disputed estate in Sabon-Lugbe, Abuja bought in 2011 at N750, 000, as undeveloped plots.

He added, ‘’I have beneficial interests in the following private companies that I co-founded: Think Tank Consult Limited, SW4 Media Limited, publishers of Metropole Magazine, Elan-Metro Foods Limited and Cable Newspaper Limited, Publishers of TheCable online newspaper.’’

The former editorial board member, THISDAY, further stated in his statement that he has equity in two non-operational companies: Papyrus Media Limited and Bamisoro Media Limited.

Other assets declared include, VW Passat bought new in 2011 at N5.8m, BMW X5 2008 Model bought second hand in February 2016 at N3.3m, 9 KVA Hyundai Diesel Generator bought at N850, 000, three KVA Sunkam Inverter bought at N450, 000 and other household furniture, electronics, exercise equipment, artworks and others valued at N3.5m.

‘’I have shares in Skye Bank, Sterling Bank and Staco Insurance, bought in 2008 at N2.5 million now presently valued at N296, 610,” he added.