Home News FLASHBACK: Grandex, N292m In Nigerian Banks, No Foreign Account…— See Ajimobi, Wife’s...

FLASHBACK: Grandex, N292m In Nigerian Banks, No Foreign Account…— See Ajimobi, Wife’s Assets As At 2011

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As at May 29, 2011 when outgoing governor Abiola Ajimobi assumed office, he had a total of N292, 432, 107.00 in Nigerian banks while he had none in any foreign account.

This is according to the form filled and deposed to the Assets Declaration Form for Public Officers at the Registry of the State High Court, Ibadan, before Justice Ladiran Akintola, on May 27, 2011, two days before assuming office.

Though the content of what Ajimobi declared as assets when he began his second term in 2015 is still sketchy at at press time, OYO INSIGHT recalled that the assets declared in 2011 included cash in local banks, buildings, vehicles, business enterprises and household items.


Ajimobi, whose preferred candidate, Oloye Adebayo Adelabu lost to Engr Seyi Makinde of the Peoples Democratic Party, PDP, will exit Agodi government house on May 29, 2019.

Ajimobi, OYO INSIGHT recalled, had in a release by Dr Festus Adedayo, then his media aide,  made public the assets declaration form which he deposed to, becoming the first governor of the state to publicly declare his assets.

Making the content of the form public on behalf of his boss,  Adedayo had said the step was in line with Ajimobi’s promise to commence a government that lays store by transparency and accountability in the administration of the state.

The governor also declared that he had a mansion in Ibadan worth N250m, a building in the same city worth N150m, another one with the value of N300m in Lagos, as well as a detached house worth N300m in Abuja.

He added that he had a flat purchased through mortgage financing worth £450,000 in the United Kingdom, another worth £1.95m, purchased through mortgage in the UK and another house worth $1.5m in the United States of America.

Ajimobi also declared that he owned 131 acres of farm land in a village at the Ido Local Government area of Ibadan worth N150m, two Lagos-based companies, Viz Grandex Nigeria Limited, worth N200m and Network Petroleum Nigeria Limited, worth N260m.

The governor put the worth of all his vehicles at N94.25m and household furniture, which include generating sets and electronics at N25m.

The governor also declared that his wife, Mrs. Florence Ajimobi, possesses a house in Ibadan that is worth N15m and another in Lagos that is worth N250m.

Adedayo said the new government of Oyo State laid great store by probity and accountability, and was of the belief that the patrimony of the people must be guarded jealously as the governor would give account of all that was entrusted in his care, not only to the people of the state who voted for him in the April elections, but to God “the ultimate judge” who would  request for an account whenever the governor finishes his assignment on earth.

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