Aiteo Clarifies Nembe Creek Fire Incident

Aiteo Clarifies Nembe Creek Fire Incident

On 2 March 2019, a suspected explosion occurred in the Niger Delta, within the vicinity of Nembe Creek Well 7, behind Mile 1 Community in Bayelsa State, Nigeria. Despite initial challenges, our operations team were able to access the well head area when the fire had completely died down on early hours of 2nd March. […]

Aiteo’s Benedict Peters mentioned in $2 Billion debt scandal

Aiteo’s Benedict Peters mentioned in $2 Billion debt scandal

Trading house Aiteo, which had prospered under Goodluck Jonathan’s tenure, has recently had to start making hefty repayments to creditors that had helped the firm buy the giant OML 29. Aiteo founder and CEO, Nigerian businessman Benedict Peters, is using this as an opportunity to reorganise the group. Banks push for payments To buy the […]