Abuja — PRESIDENT Umaru Yar'Adua is worth N856,452,892 in cash and landed properties, according to his assets declaration made public yesterday in Abuja. His liabilities as at last May 28 stood at N88,793,269.77. That was 24 hours to his inauguration.

Nineteen million naira of the assets belongs to his wife, Turai.

The public declaration of the assets is in fulfilment of his campaign promise to let Nigerians know how much he is owning.

However, the Code of Conduct Bureau reportedly advised him against the public declaration because, as it said, "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, Mr. Segun Adeniyi, who made the assets public said 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.

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."

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 in bank 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 in 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 N4,999,947.22 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.

President Yar'Adua's built-up, vacant and undeveloped plots, are valued at N577,000,000 and they 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 Yar'Adua. It was originally a three-bedroom bungalow. The President also owns a seven-bedroom duplex at 2, Lema Jubril Close valued at N90,000,000 that was built from savings in 1987.

He also owns 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 him by the Federal Government in 1998.

Apart from these, President Yar'Adua 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 Yar'Adua, by his declaration, is a share holder with 2,000,000 units of shares of Habib Bank acquired in 1998. They are 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.

Of these, 29 of the cars are new, worth N174,700,000 and are parked in Katsina and Abuja. These 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 N15,000,000 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 Katsina acquired in 2003 worth N2,500,000 as well as household furniture in Katsina acquired when he was a director of Habib Bank worth N3,000,000.

His liabilities amounting to N88,793,269.77 are outstanding loans granted by the Unity Bank Plc, Maitama, Abuja.

President's Assets

•Cash in Bank PHB N43,702,892.43

•Family Quarters N105,000,000.00

•Multi-Storey in Abuja N212,000,000.00

•Duplex in Kaduna N120,000,000.090

•7-bedroom duplex N90,000,000.00

•Abuja Plot N50,000,000.00

•2 farms in Katsina N25,000,000.00

•29 new cars N174,700,000.00

•Honda Accord car N350,000.00

•Mercedes Benz Car N6,500,000.00

•Bank PHB shares 2,000,000 units

•Unity Bank shares 100,000

•Muradi Hotel shares 100,000 units

FIRST LADY'S ASSETS

•3 Local houses N1,500,000.00

•Twin Bungalow N15,000,000.00

•3 vacant plots N2,500,000.00

•Furniture N3,000,000.00