Ken Pela: The Economist and Investment Banker Seeking to Liberate and Revive Delta State

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In Delta State, the glasses are no longer clinking; at least, not in the camp of the ruling People’s Democratic Party (PDP), a party that has gotten so much from the state but given back so little, especially when one imagines what the state could have become if it was under some different leadership. Since 1999, the state has been seemingly unfortunate to be governed by three political associates, Mr. James Ibori, Dr. Emmanuel Uduaghan and Sen. Dr. Ifeanyi Okowa, whose administrations squandered the state’s resources with reckless abandon. To put things in perspective, Delta State has earned trillions of Naira in federal allocation since 1999, but its level of development is comparable to Ekiti State or even Kwara State. These states are not fortunate enough to enjoy the 13% derivation that accrues to oil-producing states.

While Ibori was said to have stolen over $250m from the state’s purse, for which he was convicted by a UK court and imprisoned, Uduaghan’s tenure was marked by a high level of brigandage, to the point where he even borrowed over N50bn from the capital market a few days before leaving office. Because of the dangerous practice of party continuity and the shrouded nature of Delta State’s finances, nobody can tell exactly how much Uduaghan embezzled from the coffers of the state.

Omo-Agege’s thuggish behaviour in 2018 was not the first time he was getting engaging in activities that underscored his questionable character, as he also faced criminal trial in November 30, in the USA, for crimes ranging from forging a cheque to lying in his application for a driver’s licence.

In 2002, Ken contested for the local government chairman of Ughelli South under PDP and won the ticket, but he was deprived of the ticket that was eventually handed over to someone else. Afterwards, he decided to focus on building his career and businesses. Before starting his companies in the 90s, he had risen in his career as an investment banker at New Nigerian Bank and Federal Interstate Bank.

 

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I will vote Ken Pela❤️

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