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Nigeria's President Muhammadu Buhari declares assets | Nigeria's President Muhammadu Buhari declares assets |
(35 minutes later) | |
Nigeria's leader Muhammadu Buhari has declared he has $150,000 (£100,000) in his personal account, in a move aimed at promoting transparency. | Nigeria's leader Muhammadu Buhari has declared he has $150,000 (£100,000) in his personal account, in a move aimed at promoting transparency. |
The amount showed the ex-military ruler and minister of petroleum had been living a "Spartan lifestyle", his spokesman Garba Shehu said. | The amount showed the ex-military ruler and minister of petroleum had been living a "Spartan lifestyle", his spokesman Garba Shehu said. |
The BBC's Will Ross says the assets are loose change for Nigerian politicians but a fortune for most of the country. | The BBC's Will Ross says the assets are loose change for Nigerian politicians but a fortune for most of the country. |
Mr Buhari is the first opposition candidate to win a national election. | Mr Buhari is the first opposition candidate to win a national election. |
The former military ruler was elected in March largely on a promise to tackle corruption and insecurity. | The former military ruler was elected in March largely on a promise to tackle corruption and insecurity. |
Corruption is a major problem in Africa's biggest economy and last month, Mr Buhari said that $150bn (£100bn) was missing from state coffers. | Corruption is a major problem in Africa's biggest economy and last month, Mr Buhari said that $150bn (£100bn) was missing from state coffers. |
Buhari's assets: | Buhari's assets: |
Full profile: Muhammadu Buhari | |
Does Nigeria run better without a cabinet? | |
Vice-President Yemi Osinbajo, a successful lawyer and pastor at one of Nigeria's biggest churches, is considerably wealthier. | Vice-President Yemi Osinbajo, a successful lawyer and pastor at one of Nigeria's biggest churches, is considerably wealthier. |
Mr Shehu said in a statement Mr Osinbajo had $1.4m (£900,000) in his bank accounts. | Mr Shehu said in a statement Mr Osinbajo had $1.4m (£900,000) in his bank accounts. |
In his declaration of assets, Mr Osinbajo also revealed that he owned a four-bedroom residence, a three-bedroom flat, a two-bedroom flat and a two-bedroom mortgaged property in Bedford, UK. | In his declaration of assets, Mr Osinbajo also revealed that he owned a four-bedroom residence, a three-bedroom flat, a two-bedroom flat and a two-bedroom mortgaged property in Bedford, UK. |
His political career started when he was appointed commissioner of justice in Lagos state in 2007 - a position he held for eight years. | His political career started when he was appointed commissioner of justice in Lagos state in 2007 - a position he held for eight years. |
The statement did not give the value of all the assets held by the president and the vice-president, saying the documents submitted to the Code of Conduct Bureau would be made public as soon as the verification process was completed. | The statement did not give the value of all the assets held by the president and the vice-president, saying the documents submitted to the Code of Conduct Bureau would be made public as soon as the verification process was completed. |
The leaders are also required by law to declare their assets when they left office. | The leaders are also required by law to declare their assets when they left office. |
Late President Umaru Yar'Adua was the first Nigerian leader to declare his assets publicly. | Late President Umaru Yar'Adua was the first Nigerian leader to declare his assets publicly. |
He was reported to be worth $5m (£3.5m) when the declaration was made in 2007. | He was reported to be worth $5m (£3.5m) when the declaration was made in 2007. |
Analysis: Will Ross, BBC News, Lagos | Analysis: Will Ross, BBC News, Lagos |
We have long been told that Muhammadu Buhari prefers the austere life and now according to his spokesman there is evidence to back this up. | We have long been told that Muhammadu Buhari prefers the austere life and now according to his spokesman there is evidence to back this up. |
Muhammadu Buhari is no pauper. We are told he has less than $150,000 his bank account - a fortune for the vast majority of the population but probably the equivalent of loose change for many working in the dizzy world of Nigerian politics. | Muhammadu Buhari is no pauper. We are told he has less than $150,000 his bank account - a fortune for the vast majority of the population but probably the equivalent of loose change for many working in the dizzy world of Nigerian politics. |
The law requires politicians to declare their assets to the Code of Conduct Bureau (CCB), which has a pair of handcuffs on its website but has been fairly toothless as the agency which has been "checking corrupt practices in the Nigerian public service since 1989". | The law requires politicians to declare their assets to the Code of Conduct Bureau (CCB), which has a pair of handcuffs on its website but has been fairly toothless as the agency which has been "checking corrupt practices in the Nigerian public service since 1989". |
The assets do not have to be declared in public but Gen Buhari's team clearly think shining a light on his "Spartan" lifestyle will help in the anti-corruption fight. | The assets do not have to be declared in public but Gen Buhari's team clearly think shining a light on his "Spartan" lifestyle will help in the anti-corruption fight. |
His predecessor Goodluck Jonathan was sharply criticized for refusing to go public even though his assets were declared to the CCB. | His predecessor Goodluck Jonathan was sharply criticized for refusing to go public even though his assets were declared to the CCB. |
There may well now be some jittery politicians working out how they will look when compared to a president who has even declared his mud huts and livestock. | There may well now be some jittery politicians working out how they will look when compared to a president who has even declared his mud huts and livestock. |
Buhari's to-do list | |
Is Buhari a changed man? |