A Federal High Court in Abuja, Nigeria's capital city has directed the immediate release of two properties located in the United Kingdom belonging to African Billionaire businessman and CEO of the Aiteo Group, Benedict Peters that had been the subject of an Interim Forfeiture Order obtained by the Economic and Financial Crimes Commission (EFCC) without notice to him. By this decision, the court in a landmark ruling on Friday July 6, 2018, has upheld his case that the properties wholly belonged to him; were unconnected to the former Petroleum Minister, Mrs Diezani Allison-Madueke and were unjustifiably included in a list of properties the anti-graft agency tried to seize. In suit no FHC/ABJ/CS/228/2016, Benedict Peters and two of his companies, Rosewood Investment limited and Coli...
A High Court sitting in the Federal Capital Territory, Abuja, on Monday June 25, 2018, ordered the National Crime Agency of the United Kingdom, The Crown Prosecution Service (UK) alongside other foreign-based defendants and the Economic and Financial Crimes Commission (EFCC) to maintain the status quo in a case against Aiteo Boss, Billionaire Benedict Peters until the hearing of the substantive suit. In a document emailed to BigPen Online on Wednesday, Benedict Peters is however demanding $5billion in compensation, for what he describes as a series of unlawful and fraudulent conspiracies allegedly organised by the EFCC, AGF, the National Crime Agency and Crown Prosecution Service (UK) and individuals, Helen Hughes, Stacey Boniface, and John Bavister, “to expropriate by intimidation,
Aiteo Eastern Exploration and Production Company on Thursday denied claims that it sponsored the recent protest by youths calling for the sack of Commander of Operation Delta Safe (OPDS), Rear Admiral Apochi Suleiman over unabated illegal bunkering activities in the Niger Delta region. The Nigeria and Africa’s energy firm said Aiteo group and its Chief Executive, Benedict Peters was not the masterminds behind the serious allegations levied against the JTF boss by the people of the oil-rich Niger Delta region. Aiteo said that any attempt by the embattled Admiral Suleiman to suggest Aiteo’s involvement in the activities of those who undertook the protest or indeed any other related activity is a distraction designed to fail. The statement read in full: "It appears t
The Chairman and Chief Executive Officer of Aiteo Energy, Benedict Peters and Commander of the military task force, Operation Delta Safe, Rear Admiral Apochi Suleiman are currently enmeshed in a media war over the N1.192 billion pipeline protection deal the company claimed they had with JTF over a period of three years. This is coming following allegations by coalition of Niger Delta Civil Society activists and the Niger Delta environmental protection group led by Tochukwu Ohazuruike, that the JTF boss, Suleiman was neck-deep in illegal activities especially in the oil sector. The group which staged a mass protest in Abuja demanding the immediate removal of the naval Officer as the Commander of the Special Task Force (STF) in the Niger Delta had alleged that the militar...
Almost nowhere on earth is football followed as passionately as in Africa. It is loved by Africans from all walks of life across the continent. This week, I am giving the opening address at the Confederation of African Football (CAF) Awards in Accra, Ghana. This has afforded me a good opportunity to reflect on Africa’s relationship with football and how it can help deliver a brighter future for our young people. I believe we need only look to the Liberian presidential election for a fine example of the transformative power of football. Against the odds, football legend and opposition candidate, George Weah was victorious and today, is President-elect of Liberia, one of Africa’s most popular countries. Weah’s perseverance in the face of an initial unsuccessful attempt is a testament
A High Court sitting at the Federal Capital Territory, Abuja has declared that earnings and assets accruing to oil magnate and Aiteo Energy 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. Peters. Justice Valentine Ashi declared this on Thursday, 7 of December, 2017 while pronouncing judgment in proceedings brought before him, challenging the provenance and legality of the ownership of assets and properties belonging to the Aiteo boss. There was no evidence to support the suggestion that any aspect of his business showed any criminal conduct and as such, the allegations were declared as baseless. BigPen Online re
Benedict Peters, Executive Vice Chairman of Aiteo Group has appointed London law firm, Mishcon de Reya and Washington’s Covington & Burling to lead ongoing efforts to address politically-motivated issues against him. In a statement obtained by BigPen Online on Friday, Mr. Peters who gave reason for the appointments, said: “I maintain my position that all the allegations are baseless and without any truth whatsoever. These unfounded allegations have caused untold disruption to my family and my business. "To ensure that we remain focused, I have engaged two of the world’s leading law firms to offer both counsel and guidance in dealing with these issues.” “There is a toxic culture of politically motivated witch-hunts that stains reputations, stifles enterprise and keeps forei