Asset Declaration: Presidency reacts to SERAP’s 7-day Ultimatum


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The Presidency has reacted to the 7-day ultimatum issued by Socio-Economic Rights and Accountability Project (SERAP) to President Buhari to make a public declaration of his assets.

SERAP gave the ultimatum to the President, VP Osinbajo, Nigeria’s 36 Governors and their deputies.

Femi Adesina, spokesperson to Buhari has stated that no law mandates the president to declare his assets publicly.

He made this statement during an interview on Channels TV on Monday evening.

“I can say for a fact that he (Buhari) has declared his assets because I am privy to it. And SERAP asking the president to declare publicly and I ask: On the basis of which law?

“The president would do what the law requires of him, and what the law requires is, he should declare his assets which he has done.

“Declaring publicly is not in our laws. It can only be a voluntary thing. So, if anybody is compelling somebody to declare publicly, I don’t know, on the basis of what law?

“If the FOI Act is invoked, it would be left with the Code of Conduct Bureau to release because the FOI Act will not be for the president.

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“The president has declared and it is already deposited with the CCB. So, it is the CCB to respond to the FOI Act if it is invoked.”

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