Top PDP Financier, Emeka Offor, Goes Broke, Shuts Down Company

The fall of the Peoples Democratic Party at the centre appears to have devastated the fortunes of billionaire businessmen, Emeka Offor, just within two years after the party left power, Premium Times reports.

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 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.

Mr. Offor said the company had “no job to execute and closed office starting from September 2015”.

The PDP-led government left power in May 2015 after losing elections held in April.

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