Tinubu’s Net Worth unknown Six Months On, Civil Society Organizations Express Concern

President Bola Tinubu has failed to meet one of the legal and moral obligations of public office holders, which is to declare their assets after taking office, for the sake of transparency.

President Tinubu, who assumed office more than six months ago, has not submitted any record of his assets to the public or to the Code of Conduct Bureau (CCB), as required by law.

Stakeholders, including Civil Society Organisations (CSOs), said that although the law on Asset Declaration does not mandate public disclosure, it is a moral duty for public office holders to be transparent, and President Tinubu should not be an exception.

Recall that the public that the Code of Conduct for Public Officers, contained in Part I of the Fifth Schedule to the 1999 Constitution [as amended], states that every public officer shall immediately after taking office, and thereafter (a) at the end of every four years; and (b) at the end of his/her term of office, submit to the CCB a written declaration of all his properties, assets, and liabilities and those of his unmarried children under the age of 18 years.

Also, President Tinubu has had a history of controversies with the CCB and the Code of Conduct Tribunal (CCT) over his wealth as a former governor of Lagos State, among other asset stakes.

Since Nigeria returned to democracy in 1999, only late President Umaru Yar’Adua declared his assets to the public, after submitting them to the CCB.

They urged President Tinubu to follow his example and start with a clean slate by promptly making public details of his assets and also encouraging his vice to do the same.

The Chairman and Coordinator of the African Centre for Media and Information Literacy (AFRICMIL), Dr Chido Onumah, also appealed to President Tinubu to declare his assets in line with Paragraph 11 of Part I of the Fifth Schedule to the Constitution and make them public as a way of showing his commitment to the genuine fresh start he promised Nigerians.

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