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Top PDP financier Emeka Offor is broke, shuts down company

The fall of the Peoples Democratic Party at the centre appears to have devastated the fortunes of several politically-connected businessmen who, as once suggested by former President Olusegun Obasanjo, mostly relied on the then-ruling party for government contracts.

One of such billionaire businessmen, Emeka Offor, has indicated that he is broke, just over two years after the PDP left power.

In the build-up to the 2003 general elections, Mr. Offor was reported to have donated N200 million to the Obasanjo/Atiku presidential re-election campaign. During the heat of the Obasanjo-Atiku feud in 2006, the Atiku Media Office in a statement by Garba Shehu, now President Muhammadu Buhari’s spokesperson, said a special account to finance the PDP presidential re-election bid in 2003 was managed by Mr. Offor.

Known for his interests in oil, gas, power and construction, the businessman and politician got juicy federal contracts, many barely executed, while the PDP reigned for 16 years.

But despite the massive wealth many Nigerians believed he amassed in profit from various contracts, Mr. Offor is now indicating he is broke, suggesting that his main cash cow, Chrome Oil, has suffered downturn since the coming of the All Progressives Congress to power in 2015, according to correspondences seen by Premium Times.

Some staff members of the company, in a letter written on their behalf by their lawyer, Femi Falana, say they are being owed N1.14 billion, representing outstanding salaries and wages between September 2016 and August 2017.

They also accused Mr. Offor of failing to remit their tax and pension deductions, an act they described as unethical and criminal under our laws.

They demanded that “all pension deductions and contributions from July 2015 to August 31 2017 totalling N244,172,464.80 be remitted to their respective pension fund administrators,” the letter said.

 

 

– Premium Times

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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