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AITEO’s Ben Peters Pays $202m Debt To NNPC For Under-Delivering Fuel… As Ben Peters Adopts Low Profile!

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Life is all about the changes it brings to an individual. It can change from being a bed of roses to being a path of thorns and vice versa.

 

Once upon a time, Benny Peters’ name easily pops up on the list of the movers and shakers of the Nigerian oil sector. He commanded affluence and his name caused doors of opportunities to swing wide open. But his reign as one of the princes of the oil and gas business came to a screeching halt when former President Goodluck Jonathan bowed out of office and President Muhammadu Buhari took over.

 

Since President Buhari became the President of Nigeria, many of the numerous oil barons the Nigerian oil and gas sector once boasted seem to have faded off the socio-economic scene. One of the big boys in the oil and gas sector and boss of Aieto Energy, Benny Peters, has become quite scarce. He seems to have abandoned fame to embrace anonymity.

Back to the main reason for this publication.

 

The Nigerian National Petroleum Corporation (NNPC) says AITEO group, headed by one of Nigeria’s silent billionaires, Benedict Peters  has paid up its debt.

NNPC  Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, announced this  in Abuja on Monday.

AITEO Energy Resource Limited  was one of the three companies the NNPC said were involved in the under-delivery of petroleum products to the corporation,

According to Ughamadu, the update is in line with the corporation’s pledge to provide members of the public with periodic information on its recovery efforts for crude swap under deliveries.

The NNPC had raised an alarm that AITEO, Taleveras Group of Companies and Ontario Oil and Gas owed 184 million dollars in crude swap under-deliveries.

”Following extensive reconciliation between both parties across their business transactions and subsequent agreement by the parties therefrom, the corporation wishes to state that AITEO Group has paid in full all its outstanding indebtedness to our downstream entities amounting to $202.34 million dollars

”The amount includes AITEO’s share of the 184 million dollars total indebtedness by three companies on crude swap obligations plus AITEO’s other downstream liabilities.

”It would be recalled that following its engagement with the NNPC on the issue, AITEO Group has demonstrated cooperation and commitment towards a successful recovery process,” Ughamadu said.

Taleveras had pledged to make a tranche payment of 17.2 million dollars but the NNPC was still engaging Ontario Oil & Gas Limited for mutual settlement.

”The corporation shall continue to provide further update on the recovery process,” Ughamadu said.

 

 

 

 

Additional report from The elites

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NAFDAC Seizes Over N3.8Billion Unregistered Food Products In Lagos

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The National Agency for Food and Drug Administration and Control (NAFDAC) on Tuesday announced that it seized unregistered food products worth over N3.8 billion in Lagos State.

The food and drug regulatory agency in a statement said its Investigation & Enforcement Directorate raided a warehouse at Apongbon Oke Arin Market in Lagos following a tip-off about the sale of unregistered food products.

NAFDAC said, “Various unregistered items valued at N3,818,802,720 were seized during the operation, and the facility has been placed on hold pending further investigation.

“The warehouse management has been summoned for questioning, and appropriate sanctions will follow after investigations.”

The agency reaffirmed its commitment to protecting public health and ensuring compliance with regulatory standards.

“We also urge the public to remain vigilant during the festive season, and report suspicious activities to the nearest NAFDAC office,” the statement added.

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Ibadan Stampede Update: Court remands Ooni’s ex-wife Naomi Silekunola, Oriyomi Hamzat..

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A Chief Magistrate’s Court sitting in Iyaganku, Ibadan, on Tuesday, ordered the remand of the former wife of the Ooni of Ife, Naomi Silekunola; the Chief Executive Officer of Agidigbo FM, Oriyomi Hamzat; and the Principal of Islamic High School, Abdullahi Fasasi, at the Agodi Correctional Centre.

The remand order followed their arraignment in connection with last week’s tragic stampede at a Christmas funfair held at Islamic High School, Bashorun, Ibadan, which claimed the lives of 35 children and left six others injured.

The court presided over by Chief Magistrate Olabisi Ogunkanmi, issued the order after the suspects were brought to court amidst heavy security.

The defendants are facing a four-count charge. According to the police prosecutor, the offences contravened Section 324 of the Criminal Code, Cap. 38, Vol. II, Laws of Oyo State, 2000.

The prosecution alleged that the trio played a role in the events leading to the stampede that turned the Christmas celebration into a tragedy.
Chief Magistrate Ogunkanmi directed that the defendants be remanded at the Agodi Correctional Centre pending legal advice from the Oyo State Director of Public Prosecutions.

The court proceedings, which drew significant public attention, saw law enforcement officers heavily guarding the suspects as they were escorted to and from the court premises.

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How Walter and Winifred Akpani spread Christmas cheer at Augustine University – Toni Kan

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Since my brother passed and I became surrogate to the children he left behind, they have alternated between calling me Dad or Uncle depending, usually, on how happy they are with me.

I have never really minded because my own biological children sometimes call me Toni Kan as the spirit moves them.

So, I was a bit apprehensive when I got a Whatsapp message from one of them, an undergraduate at Augustine University, Ilara-Epe, Lagos.

“Uncle, please call me!”

“Are you alright?” I asked when I finally dredged up courage to call.

“Some people from your village came to our school today.”

“Which village?” I asked.

“Ibusa,” came the answer.

“You are from Ibusa too and it is not a village,” I tried to explain as I have done a hundred times.

The “people from my village” were Sir Walter and Dame Winifred Akpani who it turns out had attended the dedication of the Chapel they built, furnished and donated to Augustine University under the Lagos Archdiocese.

It must have been a moment of pride for a child who has always claimed Lagos as home and perpetuated the city and village binary.

Described as “something out of this world” by the priest who anchored the event, the chapel of Mary Mother of the Church which can seat 1,200 people was dedicated on Monday December 16, 2024 on the campus of Augustine University, Ilara-Epe.

The dedication offered an opportunity for a comingling of Archbishops and faithful’s drawn from the Lagos, Abuja and Ijebu-ode dioceses.

According to the University’s website, “The dedication was presided over by the Archbishop of the Metropolitan See of Lagos and Proprietor of Augustine University, His Grace, Most Rev. Dr. Alfred Adewale Martins, who delivered a profound homily. He was supported by the Archbishop of Abuja Catholic Archdiocese, His Grace Most. Rev. Dr. Ignatius Ayau Kaigama and the Bishop of Ijebu-Ode Catholic Diocese, Most Rev. Dr. Francis Obafemi Adesina.”

They were joined by the Visioner of Augustine University and Archbishop Emeritus of Lagos, His Eminence Anthony Cardinal Okogie and over 100 priests in the celebration of the Holy Mass followed by the “sacred anointing of the altar and walls of the church, as well as the decoration and incensation of the altar and the entire chapel, symbolizing the consecration of the space as a place of worship and reflection.”

The foundation of the chapel was laid in 2019. It was created by Teresa Mallamaci, an acclaimed Italian architect based in Rome and has been realised as “a harmonious blend of Christological and Mariological motif” with the resulting edifice seamlessly melding “aesthetic elegance with spiritual symbolism.”

 

The brand new Chapel of Mary Mother of the Church features two distinct side Chapels; one dedicated to Eucharistic Adoration with a sacred space for prayers and meditation and another which will be used for celebrating weekday masses or for smaller congregations.

Rev. Fr. Andrew Toye was unveiled as the new Chaplain of the Chapel and he takes over from Rev. Dr. Emmanuel Ogundele, who had served with dedication in an acting capacity.

The Chaplain has a purpose built home contiguous to the chapel and both facilities have been provided with generators to ensure round-the-clock power,

Sir Walter Akpani who holds a Master of Science degree in Finance from the University of Strathclyde, Scotland is the Managing Director / CEO of wave-making Providus Bank which inked a celebrated merger with Unity Bank in mid-2024.

With over 30 years of financial experience, Walter Akpani was a pioneer staff of ICON Stockbrokers, before joining the restructuring team at Commercial Trust Bank, becoming a pioneer staff at Standard Trust Bank Plc now United Bank for Africa (UBA) as well as at Platinum Bank Ltd which he left as Vice President, Institutional Banking, to set up United Mortgage Bank Limited, which has now metamorphosed into Providus Bank. He is a respected Treasurer in the Nigerian banking industry and a committed change agent.

A devout Catholic, Walter Akpani was invested as a Knight of St. Sylvester in September 2024 when he received papal honours from Pope Francis alongside others – Lady Christine Doja Otedola, Mr. Julius Olufunsho Britto, Mr. Peter Amangbo and Mr. Peter Nwanze – in recognition of “their dedication and exceptional service to the Church in different Apostolates.”

Dame Winifred Akpani, a Member of the Governing Council, Augustine University and past chairman of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) is a graduate of Mathematics from the University of Benin. Driven, diligent and resilient, she is the founder and CEO of Northwest Petroleum & Gas Ltd, Rosarium Lubricants, Northwest Energy Ltd, Millennium Oil & Gas Ltd with interests in the upstream and downstream sectors of the Nigerian oil and gas industry. Northwest Petroleum & Gas Ltd is one of Nigeria’s biggest downstream players and owns two tank farms, 200 distribution trucks and over 100 petrol stations spread across the country.

Those are the people from my village who went to spread Christmas cheer at St Augustine University.

 

***Toni Kan Onwordi is a PR expert and financial analyst.

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