Without a doubt, Benny Peters, Executive Vice Chairman, Aiteo Group, Benny Peters, knows the oil and gas industry like back of his hand.
As proof his relative success in the industry, he was, at some point, described as “Oil Emperor” in the country.
Until about two years ago, he was one of the businessmen in the corridors of power. He was one of those privileged enough to have got the opportunity to buy a lucrative oil well. So, just like his own status grew astronomically, his brand, Aiteo, also grew.
As at November 2014, he had an estimated net worth of US$2.7 billion and ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest person in Nigeria
But that was before the coming of the President Muhammad Buhari regime. Today, there is a twist, as the Delta State- born billionaire is no longer enjoying life as he used to. It all began after his encounter with the Economic and Financial Crimes Commission (EFCC) in connection with a case of criminal conspiracy, diversion of funds and money laundering.
CITYSPY gathered that the billionaire recently contacted London-based law firm, Mishcon De Reya and Washington’s Covington&Burling, to assist him in what he called a politically motivated issue.
The UK- based Mishcon de Reya is one of the world’s leading legal firms with a particular proficiency in handling contentious international disputes, while Convington has outstanding reputation in navigating complex legal issues at the intersection of law and policy around the world.
Our source revealed that this firebrand legal team had set the oil baron back with several millions of dollars.
