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Wealth Declaration Form for Nigeria

Wealth Declaration Form Template for Nigeria

A comprehensive legal document used in Nigeria for declaring personal assets, liabilities, and financial interests as required by the Code of Conduct Bureau and Tribunal Act. This document serves as an official record of a public officer's financial status, including properties, investments, business interests, and debts. It plays a crucial role in promoting transparency and accountability in Nigerian public service, helping prevent corruption and conflicts of interest. The form must be completed in accordance with Nigerian law and requires regular updates throughout an officer's tenure in public service.

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Wealth Declaration Form

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What is a Wealth Declaration Form?

The Wealth Declaration Form is a mandatory document required under Nigerian law, specifically the Code of Conduct Bureau and Tribunal Act and the Constitution of the Federal Republic of Nigeria 1999. Public officers are required to complete this form upon assuming office, at regular intervals during their service, and upon leaving office. The document captures comprehensive information about an individual's financial status, including assets, liabilities, income sources, and business interests, both within Nigeria and abroad. This declaration serves multiple purposes: ensuring transparency in public service, preventing corruption, identifying potential conflicts of interest, and maintaining public trust in government institutions. The form must be properly witnessed and verified, with false declarations carrying significant legal penalties under Nigerian law.

What sections should be included in a Wealth Declaration Form?

1. Personal Information: Basic details including full name, date of birth, national identification number, current position/office, and contact information

2. Declaration Statement: Formal statement confirming the truth and completeness of the declaration, including the reference period

3. Employment Information: Current and previous employment details, including positions held, dates, and remuneration

4. Real Estate Assets: Details of all landed properties, buildings, and real estate investments

5. Financial Assets: Bank accounts, investments, shares, bonds, and other financial instruments

6. Business Interests: Ownership or interests in businesses, companies, and partnerships

7. Vehicles and Movable Assets: Details of vehicles, machinery, and other significant movable properties

8. Liabilities: All debts, loans, mortgages, and other financial obligations

9. Income Sources: All sources of income including salary, rentals, dividends, and other earnings

10. Declaration Verification: Space for official verification, witnessing, and certification of the declaration

What sections are optional to include in a Wealth Declaration Form?

1. Spouse and Dependent Information: Details of assets held by spouse and dependents - required for comprehensive declarations or senior officials

2. Foreign Assets: Declaration of assets held outside Nigeria - required if declarant has international holdings

3. Trust Benefits: Information about trust funds and beneficial interests - required if declarant is involved in trust arrangements

4. Gifts and Donations: Declaration of significant gifts received - required for public officials above certain ranks

5. Previous Declarations Reference: Reference to previous declarations - required for periodic/renewal declarations

What schedules should be included in a Wealth Declaration Form?

1. Schedule A - Real Estate Details: Detailed listing of all real estate properties including location, value, and ownership documentation

2. Schedule B - Financial Accounts: Comprehensive list of all bank accounts, investment accounts, and financial holdings

3. Schedule C - Business Interests: Detailed information about business ownerships including company registration documents

4. Schedule D - Asset Valuation Reports: Professional valuation reports for high-value assets

5. Appendix 1 - Supporting Documents: List of required supporting documents including title deeds, share certificates, and bank statements

6. Appendix 2 - Declaration Guidelines: Guidelines and instructions for completing the wealth declaration form

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Document Type

Declaration Form

Cost

Free to use
Relevant legal definitions

























Clauses




















Relevant Industries

Government and Public Administration

Civil Service

Military and Defense

Judiciary

Legislature

State-Owned Enterprises

Public Healthcare

Public Education

Financial Services

Energy and Resources

Transportation

Public Infrastructure

Relevant Teams

Legal Affairs

Compliance

Human Resources

Administration

Corporate Governance

Risk Management

Internal Audit

Ethics

Public Relations

Records Management

Relevant Roles

Minister

Director General

Permanent Secretary

Judge

Military Officer

Senator

Member of Parliament

Governor

Local Government Chairman

Chief Executive Officer of State Enterprise

Commissioner

Director

Head of Department

Senior Civil Servant

Public Service Officer

Financial Controller

Procurement Officer

Administrative Officer

Police Officer

Customs Officer

Industries






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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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