Buhari’s Undisclosed Share At Panalpina W.T Revealed

 

have disclosed all his assets and

investments in the Asset Declaration

document he submitted to the Code of

Conducts Bureau, CCB.

A document obtained by DAILY POST

on Sunday indicated that President

Buhari allegedly has a huge share in

Panalpina World Transport (Nigeria)

Limited, which he did not disclose in

the list of his assets made public by

his media aides last week.

The assets declaration by the

president has continued to attract

mixed reactions from members of

the public since it was publicized last

Thursday.

The opposition Peoples Democratic

Party, PDP, had in its reaction to the

asset declaration by the president

said that there was no truth in the

published list of assets, adding that

the president was not honest and

was deceiving Nigerians.

The document obtained by our

correspondent, a Certified True Copy

from the CAC, indicated that

President Buhari has shares in

Panalpina World Transport (Nigeria)

Limited, a multinational company.

According to the document,

President Buhari bought 90,000

shares in Panalpina World Transport

(Nigerian) limited on 1st August 1995

but this share was not included in

his asset declaration document.

The document reads in parts:

“Allotment of shares of 15,000,000

received in response with Rights

Issue of 3,000,000 was capitalized

and used to pay up in full 15,000,000

Bonus shares.

The subscribers of the share were

“(1) Buhari (Major General)

Mohammadu – 90,000; address 7

Aliu Garaki Rd Kaduna. (2)

Babangida (Gen. rtd) Ibrahim –

15,000; (3) Williams (Prof) Olufemi –

15,000; (4) Gana (The Estate) Baba –

15,000” among others.

On 3rd September 2015, President

Muhammadu Buhari declared that he

had about N30 million in his bank

account before taking office on May

29. The president declared, however,

that he had shares in Berger Paints,

Union Bank and Skye Bank but there

was no mention of his share at

Panalpina.

Details of the president’s asset

declaration now being verified by

the Code of Conduct Bureau also

showed that he owns five houses in

Kaduna, Daura, Kano and Abuja. He

also has two undeveloped plots of

land, one in Kano and the other in

Port Harcourt as well as farms, an

orchard, ranch, livestock including

270 cattle, 25 sheep, five horses, a

variety of birds and a number of

economic trees.

His media aides are yet to react to

this new development.

Source - Daily Post