Emeka Offor Fails To Pay $160m Balance For Electricity Privatisation Bid On Deadline Day!

…running helter skelter not to lose 25% paid

Chrome Energy boss, Emeka Offor’s bid to expand his business enterprise has hit a brick wall.

He has failed to perfect the payment of the $160m balance at the expiration of deadline.

This development is after doling out 25% (of the total fee that pegs the balance at $160m) to get his bid accepted.

The deadline expired on Wednesday August 21 2013.

The rule dictates he forfeits the deposit, if he fails to meet up with the terms of effecting the balance.

Insiders revealed the troubled businessman is currently fighting for an extension to protect his investment.

Sources disclosed he has put strategies in place to begin a public campaign for an extension of payment.

Investigations revealed he has also reached out to certain individuals and institution to achieve this aim- but the result is disclosed ‘not encouraging’ at press time.

The response of office of the Vice President- in charge of privatisation- he moved to lobby is described ‘lukewarm’

Efforts to lure financial institution Africa Import – Export Bank into a reinvestment plan is described not going according to plan..

On the individual level, associates are said to be caution, with a former American Ambassador to Nigeria and Investor, Howard Jetta maintaining a distance based on what is labelled ‘ undeciphable factors at play’

Mr Offor operates under Interstate Electric.