UNVEILING BENNY PETERS THE ELUSIVE BILLIONAIRE BOSS OF AITEO WHO ENJOYS THE PROTECTION OF THE RUSSIANS IN AFRICA!

Benny Peters

Mr. Benedict "Benny" Peters is the elusive businessman oil tycoon behind the oil and gas concern by name AITEO where he is the founder and Executive Vice Chairman. The brand is among the biggest players in that field in Nigeria, and with a high stake in the oil field known as OML 29 which they had bought in 2014 in the heydays of the Goodluck Jonathan administration for $2.58 billion, under the keep of the embattled former Petroleum Resources Minister, Mrs. Dieziani Allison-Madueke. AITEO was established in 2008.

Prior to the emergence of this present Government of President Muhammadu Buhari, GCFR, Benny Peters was one of those in the corridors of power, who though was doing his own private business, but was a force to reckon with and called shots then. He bestrode the corridors of power quietly like a colossus, he was one of those privileged enough to have gotten the opportunity to buy a lucrative oil well, so just like his own status grew astronomically, his brand AITEO also grew in status and were like a new bride that was getting all the right attention from all the right places and right people.

But alas, not too soon after all the seeming good times, it seems like the bubble might have busted too quickly too! For immediately this current administration came on board and the former Petroleum Resources Minister, Mrs. Dieziani Allison-Madueke quickly took  what is seeming like an infinite "leave of absence" from the country that she has yet to come back from (spoke to her legs), a few of her well known close associates too, also seemingly dusted their feet too and went on holiday too, that they haven't yet returned back from. Mr Peters was one of those who did too.

Mr. Peters who was a good friend of the head pastor of the House on the Rock Church, in the person of Pastor Paul Adefarasin has since he went abroad, given Nigeria a wide berth and it seems he is not willing to return so soon.

Why he decided to take such a decision, we cannot say?

Why would someone whose major business is located in Nigeria, his major cash cow at that, and the brand itself is even supposedly doing very well not want to return to your own country?

The unconfirmed speculation as we speak is that Mr. Peters is not too far away from Nigeria at all, only that he prefers to conduct the affairs of his vast business empire from our neighbouring country- Ghana! Remember with the way technology has made the world a global village, meetings can be conducted at anytime virtually and online real time. Him being physically present at meetings is of no importance no more, thanks to technology.

More juicy details below.



Not only is the big boy said to be in Accra, Ghana, it is been suggested that he is living as a very "Special Guest" at the "Russian Embassy" enjoying their full privilege and therefore enjoying their full protection.

According to some underground whispers here in Nigeria, Mr Peters might have decided to stay away from Nigeria for now, until the hoopla about his supposed business relationship with the former Minister for Petroleum Resources, Mrs. Dieziani Allison-Madueke would have been sorted out.

Maybe by the time this present Government would have properly investigated very well and seen that every transaction involving Mr. Peters and AITEO during the tenure of the last administration was pure and okay, maybe then the super rich oil tycoon would return home to a hero's welcome.

At home though, his firm AITEO are seemingly doing very well and are even the titular sponsors of the football league in Nigeria and also the sponsors of the Annual CAF Awards. This is a major PR coup we dare say, which later could work very well for the owner of the brand, when the need should arise later in the future.

While still grappling with the dilemma of not being able to come home for now, another major dilemma on the mind of the oil tycoon, who it is claimed also has a major stake running into several millions, if not hundreds of millions of dollars in a very lucrative mine in Congo, is the awesome debt issue that his brand is having with GTBank, one of Nigeria's best run financial institutions.

Apparently that debt burden and the servicing of it has been weighing heavily on the activities of AITEO, so as a way out of the immense situation, Benny Peters might have instructed that part of his company's stake of about 10% in the oil field OML 29 to be sold.

Even when the 10% is sold in the Oil Well, which they jointly operate with Taleveras, Tempo Energy, while the NNPC holds 55%, they would still remain as an operator. The money so raised can be used to sort out that crippling debt burden, which can be removed once and for all, to stop its stifling effect on the brand's activities.