Aiteo Group
Source: Aiteo Group |

Benedict Peters Responds to EFCC Ruling

Abuja High Court rules EFCC acted illegally and unconstitutionally

The Federal High Court of Nigeria has ruled that the Economic and Financial Crimes Commission (EFCC) cannot declare any person as ‘wanted’ without first obtaining a Court order or charging them with an offence. The Court ruled that by declaring Benedict Peters ‘wanted’ the EFCC had acted illegally and unconstitutionally,…

Source: Aiteo Group |

Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem - Declares Earnings as Legitimate

There was no evidence to support the suggestion that any aspect of his business showed any criminal conduct and as such, the allegations were baseless

The High Court sitting in the Federal Capital Territory, Nigeria has declared that earnings and assets accruing to Oil magnate and Aiteo Energy (www.AiteoGroup.com) boss, Benedict Peters were acquired legally through legitimate sources. This follows a similar ruling squashing multiple money laundering charges and bribery of election officials indictment against Mr.…

Source: Aiteo Group |

Aiteo Group and Benedict Peters Announce Appointment of Nigerian Legal Team

Further to his recent announcement engaging international law firms to lead the global effort to address legal and political-based issues, the Aiteo Group (www.AiteoGroup.com) and Benedict Peters, its Executive Vice Chairman have appointed top Nigerian lawyers to complement their international representation efforts within the country.  The team, led by Chief…

Source: Aiteo Group |

OML 29 is not for sale

For the record, OML 29 was indisputably, legitimately and transparently secured in an internationally conducted divestment by the private entity, Shell

It has come to our notice that some fraudsters running a reports-for-cash syndicate, about whom we raised alarm so very recently, are suggesting that a portion of the shareholding of the company that holds the asset, OML 29 had been put up for sale to repay a loan. For the…

Aiteo Group
Source: Aiteo Group |

Benedict Peters, Aiteo Executive Vice Chairman, Assembles Legal Team to Address Unfounded Allegations

UK-based Mishcon de Reya is one of the world’s leading legal practices with a particular proficiency in handling contentious international disputes

Benedict Peters, Executive Vice Chairman of Aiteo Group (www.AiteoGroup.com), has instructed London law firm Mishcon de Reya and Washington’s Covington & Burling to lead ongoing efforts to address politically-motivated issues. Aiteo Group, founded in 1999, is a leading indigenous Nigerian oil producer headquartered in Lagos. UK-based Mishcon de Reya is…

Aiteo Group
Source: Aiteo Group |

Aiteo Strengthens Group with the Appointment of International Advisor

Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the Group’s growth and diversification targets in Nigeria and across Africa as a whole

Aiteo Group (http://AiteoGroup.com) announces the appointment of Mr. Ratko M. Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development with effect from 5 May 2017. Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the…

Aiteo Group
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Source: Aiteo Group |

Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1 year

The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long

Integrated energy group Aiteo (http://AiteoGroup.com) has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time…