One man many people won’t stop talking about in the highly lucrative oil and gas industry is Benedict Peters, popularly known as Benny Peters. There have been many allegations flying about Benny Peters and how he runs his oil company, Aiteo group.
Benny Peters is presently running from pillar to posts to cover his track in the Nigeria`s oil industry which is full of sleaze and corruption, with the advent of current administration of President Mohammed Buhari.
Aiteo is believed to be a front for former Minister of Petroleum, Mrs Diezani Allison-Madueke and former President Goodluck Jonathan.
But the ex-petroleum Minister has come out recently to deny any involvement with the company, while the former President has kept mute.
A source close to Benny Peters however disclosed to Yemojanewsng.com that the man who is currently being investigated by the Directorate of State Security (DSS) and Economic and Financial Crimes Commission (EFCC) made his fortune through his closeness to former President Jonathan, when the later was the Vice President under late President Musa Yar’Adua.
“Benny Peters was very close to Jonathan when he (Jonathan) was the Vice President. He was always supporting Jonathan, and has if he knew what would happen later. Yar’adua died and Jonathan was to be the President. When the ‘Yar’Adua Cabal’ moved against Jonathan, Benny Peters was there for him, linking up with people in power and government, and providing money and logistics. So, it is natural that after Jonathan became President, he had to say ‘thank you’ to Benny Peters. That was how Aiteo group got most of the lucrative oil contracts in the country.
“The guy was smart and he used his connections with the president to get all he needed in the oil industry. Jonathan actually made him, not Diezani Allison-Madueke,” the source said.
Apart from the Oil Mining Lease (OML) 29 which Benny Peters Aieto acquired from Shell for about $2.6 million dollars, he is also a great beneficiary of Petroleum products exchange also known as Crude Oil Swap where Aiteo is given crude oil by the NNPC in exchange for refined products.
The arrangement of crude oil for refined products with Aiteo is currently being investigated by security agencies and there are suspicions that Benny Peters may have doctors his books to make sure his company comes out clean.
But away from his businesses, it was learnt that Mr. Benny Peters who is a very secretive person cannot manage his home. His love for the opposite sex is said to be legendary as he ‘devours’ anything in skirt. ” From Married women, female celebrities, actress and even some of his workers, Benny Peters has weakness for women, and that is why he can’t live with his wife.”A source disclosed. We learnt that in order to satisfy his lust for women who he dangles many mouth watering carrots, the founder of Aiteo Group sent his wife to live in the United States of America.
The source disclosed that Benny Peters’ wife has complained bitterly about her husband’s life style to friends, but resigned to fate when the billionaire refused to change.
A very discreet personality with a weird lifestyle, Benny Peters likes to enjoy his life to the fullest, but without the roving eyes of the public as he hates to be in the spotlight.
Meanwhile, investigation into Mr. Peters’ oil business in the country is ongoing and there are indications that security operatives will unearth many shaddy deals perpetrated by the oil tycoon.
For those who might know, Mr. Peters’ Aiteo topped other oil and gas companies to win and acquire an 85-percent stake inblock OML 29 from Shell for $2.56 billion. His company is said to now trade over $11 billion worth of petroleum products. Aiteo is reputed to potentially hold up to 2.2 billion barrels of oil and about 300 million standard cubic feet of gas, one of the most lucrative assets put up for sale by Shell and partners.
His younger brother, Francis Peters, is reportedly the Vice Chairman of Aiteo Group. Peters, said to once be a business partner to embattled Senator Buruji Kashamu, wanted by the US for drug-related offences, is born to a banker and grew up in a middle income family in the midst of other three siblings.
He had a stint with Sayyu Dantata, founder and Chairman of MRS Holdings Limited (formerly MRS Group), where he gathered entrepreneurial skills under Dantata.
He also once had working relationship with the trio of Wale Tinubu, Mofe Boyo and Onajite Okoloko, who floated Ocean and Oil, then a downstream company, which later grow to be known now as Oando Plc. He left them to float his own company, Sigmund Cummenicci.
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