Assets Declaration Form Of Senator Andy Uba Revealed: ‎₦1 billion Abuja House, ‎₦50m S-Class Maybach, $102k In US Bank

 

In the forms listing his assets as of May 30,  2015, he declared ownership of a six-bedroom duplex at 26, Mamman Nasir Street, Asokoro, Abuja, which he bought for N650million on  May Senator Andy Uba 2006. Money for the purchase of the property, according to Uba, came from the sale of a property and personal income. No investment, only personal savings yet he had all that, Then Nigerians who save should all be rich... lets read on after the cut.
 The property, he also claimed at the time, yielded N25million in rent yearly. He owns another three-bedroom house at Edo Court, Gaduwa in Abuja. This, he informed the CCB, was purchased for N30million, which came through personal savings and a loan from UBA.

He claimed not own any undeveloped plot in Nigeria. Uba declared that, as at 30 May, 2015,  he had the sum of N18million in his salary account ( UBA 1015477102) domiciled at the National Assembly branch of the bank.
For cash in foreign banks, Senator Uba declared the sum of $102,000 as his bank balance in Wells Fargo Bank, San Francisco, USA. The account number is 5561399873.

Curiously, Uba claimed not to have any government securities, including premium bonds. He similarly claimed to own no shares, debentures and other securities in or outside Nigeria. In the column asking whether he owned a farm, orchard or ranch, Uba wrote : "I do not have any."
Yet, a man without any declared investments at home or abroad, claimed to own a Maybach AZ, which he said he acquired in 2006 at the cost of N50million raised through personal savings/loan and the helping hands of friends and associates, including Alhaji Aliko Dangote.

Uba also declared a BMW75, bought through personal savings and loans. The car was purchased for N25million. Similarly declared was a Mercedes Benz GL 500, bought for N17million raised in the same fashion of personal savings/loans.
Also listed in the form is a 250 KVA power generating set bought at N12.5million, Italian leather furniture bought at N10million ( raised through personal income), beds and beddings costing N6.5million( bought with personal income).

 Uba, who, for long, falsely claimed to hold a PhD, until he was exposed as a fraud by a news magazine, clearly lied in his assets declaration form. This was recently shown when his name came up in the Panama Papers Leaks as the owner of an offshore company; Wentworth Properties Limited registered in the Republic of Seychelles, an infamous tax haven. The company, which was conspicuous by its absence from his assets declaration form, was said to have been founded in 2004. 

If personal savings without any investment here and there would give you all these, Majority of Nigerians would not live in poverty because we all save. Yet ours savings takes us no where.