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Benedict Peters

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This is an old revision of this page, as edited by Efante (talk | contribs) at 09:56, 20 February 2016. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

  • Comment: Portions of this draft read like an advertisement for Aiteo Group. Remove external links from article body. The subject is probably notable, but the article needs its tone made neutral. Robert McClenon (talk) 17:34, 8 February 2016 (UTC)


Benedict Peters
Born
Benedict Peters

(1966-12-05) 5 December 1966 (age 57)
Agbor, Delta State, Nigeria
NationalityNigerian
EducationGeography and Town Planning
Alma materUniversity of Benin, Benin -
OrganizationAiteo Group
TitleFounder and Executive Vice Chaiman
Term1970–present
Board member ofChairman & Founder – African Economic Summit. Initiator, Powering Enterprise – Entrepreneurship Mentorship and Support Network
SpouseElla Peters
Children4

Benedict Peters (born December 5, 1966) is a Nigerian businessman. Born to a banker and a homemaker[2], "the 49-year-old Peters grew up in a middle income family as the second of four sons and two daughters." Peters' net worth is estimated at $2.7 billion[3] He is ranked as the 17th richest person in Africa.[4] He owns Aiteo Group which has business interests in Oil and Gas "exploration and production; bulk petroleum storage; refining of petroleum products; trading, marketing and supply as well as power generation and distribution",[5]

Early life and Development

Benedict Peters hails from Onicha Oloma in Delta state. Born in Abakaliki, Ebonyi State of Nigeria on 5 December 1966, he attended Ekulu Primary School, Enugu; and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning[6].

Business Career

Benedict Peters started his career in the Oil and Gas industry in the early 1990’s, working with founders of Ocean and Oil, the entity now known as Oando Nigeria Plc, Adewale Tinubu, Mofe Boyo and Onajite Okoloko[7]. He moved to MRS Oil Nigeria PLC as Group Executive Director, ending as its Managing Director, working closely with Sayyu Dantata, half brother to Aliko Dangote[8] before leaving MRS in 1999 to establish Sigmund Communecci with focus on the "downstream sector of the oil and gas business."[9]

In February 2008, Benedict Peters' founded Aiteo, the successor entity to Sigmund Communecci[10]. The company owns one of the largest petroleum tank farms in Nigeria with facilities in excess of over 250 million litres on over 100,000 square meters of landmass. It also owns and operates the Abonnema Storage Terminal,[11].

In 2014, Peters' company, Aiteo (Aiteo Eastern Exploration and Production Company Limited) acquired controlling stake in "Oil Mining Lease (OML) 29 and the Nembe Creek Trunk Line (NCTL) in the Eastern Niger Delta" from Royal Dutch Shell Plc[12][13]. According to Wood Mackenzie, "OML 29 is a large block located in the southeastern Niger Delta. It contains 11 oil and gas fields"[14]. "The 983-square-kilometre OML 29, onshore in the Niger Delta region, is the site of Nigeria’s first-ever commercial discovery", in 1956 at the Oloibiri Oilfield.[15]

Peters' is also rapidly diversifying with his founding of Aiteo Power of which he is chairman.[16] He leads the Aiteo Consortium and EMA Consortium which has won separate bids to acquire three power generating companies[17] and is set to build a 100,000 barrel refinery in oil-rich Warri in Delta State."[18]

Awards

Peters has been awarded the Dr. Martin Luther King Jr. Legacy Awards in the "Economic Empowerment category in Washington DC[19]. The award honours eminent Africans and African-Americans who have contributed to the Legacy of Dr. Martin Luther King Jr. in various fields in private and public sphere.[20][21] The event took place on 18th January 2015 at Willard Hotel, Washington DC.[22] On August 5, 2014 in Washington, DC, Peters was one of the four recipients of the Marquee Award for Global Business Excellence at the Africa-US Leadership Awards Dinner,[23] hosted by African Energy Association, "a non-profit organization of experienced negotiators, advisors and high-level energy advocates"[24]. Leadership (newspaper), an Abuja, Nigeria based national newspaper published by Leadership Newspapers Group Limited[25], named him LEADERSHIP CEO of the Year 2014 Award for the "path-breaking deal that deepens the country’s capacity to manage its oil assets and one that will create local content valued at over $2.7billion".[26] The deal, rated among the top corporate deals in Nigera in 2014,[27][28] is the purchase of "the largest oilfield, known as Oil Mining Licence 29" and "The 60-mile Nembe Creek Trunk Line, a key oil transport artery".[29]

References

  1. ^ "The Richest People in Africa". The Richest People in Africa. Ventures Africa. Retrieved 8 February 2016.
  2. ^ Keren, Mikva. "12 Things You Didn't Know About Nigerian Billionaire Benedict Peters". AFKInsider. Moguldom Media Group. Retrieved 8 February 2016.
  3. ^ Onyedimmakachukwu, Obiukwu. "Nigeria's Four Newest Billionaires". Ventures Africa. Ventures Africa. Retrieved 8 February 2016.
  4. ^ "The Richest People in Africa". The Richest People in Africa. Ventures Africa. Retrieved 10 February 2016.
  5. ^ "The Rise of Nigerian Oil and Gas Companies". Arab Anti-Corruption Organization. Talal Abu-Ghazaleh Organization (TAG-Org). Retrieved 7 December 2015.
  6. ^ Keren, Mikva. "12 Things You Didn't Know About Nigerian Billionaire Benedict Peters". AFKInsider. Moguldom Media Group. Retrieved 8 February 2016.
  7. ^ Tayo, Elebijo (1 December 2014). "The secrets of our success – Wale Tinubu". National Mirror. Global Media Mirror Limited. Retrieved 8 February 2016.
  8. ^ Nsehe, Mfonobong. "Nigerian Millionaires Embrace Polo". Forbes. Forbes. Retrieved 8 February 2016.
  9. ^ "The Richest People in Africa". The Richest People in Africa. Ventures Africa. Retrieved 10 February 2016.
  10. ^ "The Rise of Nigerian Oil and Gas Companies". Arab Anti-Corruption Organization. Talal Abu-Ghazaleh Organization (TAG-Org). Retrieved 8 February 2016.
  11. ^ Awaji, Justus. "Compensation: Rumuwoji, Abonnema Wharf Residents Sing Discordant Tunes". The Tide. The Tide Newspaper Corporation. Retrieved 8 February 2016.
  12. ^ Nandakumar, Abhiram (25 March 2015). "Shell completes sale of [[OML 29]], Nembe Creek pipeline in Nigeria". Reuters. Thomson Reuters. Retrieved 19 February 2016. {{cite news}}: URL–wikilink conflict (help)
  13. ^ Alike, Ejiofor (26 March 2015). "NNPC, Shell, Aiteo Conclude Sale of OML 29, Nembe Creek Trunkline". ThisDay Newspapers. Leaders & Company Limited. Retrieved 19 February 2016.
  14. ^ "OML 29". Wood Mackenzie. Wood Mackenzie. Retrieved 19 February 2016.
  15. ^ "Nigerian banks took key role in Aiteo deal". The Oil and Gas Year. The Oil & Gas Year Limited. Retrieved 19 February 2016.
  16. ^ Marks, Dan (10 April 2014). "Another step forward for the power sector as international investors bide their time" (PDF). African Energy (275): 2. Retrieved 19 February 2016.
  17. ^ "NIPP Transaction – Preferred Bidders". NIPP Transactions. Niger Delta Power Holding Company Limited. Retrieved 11 February 2016.
  18. ^ "The Richest people in Africa". The Richest people in Africa. Ventures Africa. Retrieved 10 February 2016.
  19. ^ Abayomi, John. "Adefuye honours six with Martin Luther King Awards". Vanguard. Vanguard Media Limited. Retrieved 8 February 2016.
  20. ^ Post, Afrikan. "Adefuye honours six with Martin Luther King Awards". Modern Ghana. MG Media Group. Retrieved 19 February 2016.
  21. ^ Abayomi, John (18 February 2015). "Adefuye honours six with Martin Luther King Awards". Vanguard Newspapers. Vanguard Media Limited. Retrieved 19 February 2016.
  22. ^ Post, Afrikan. "King Peggy honored with Global Leadership Award Read". Modern Ghana. MG Media Group. Retrieved 19 February 2016.
  23. ^ Mariama-Arthur, Karima. "Bridging the Intercontinental Leadership Divide: African Energy Association to Host Inaugural Dinner". Congressional Black Caucus Foundation. Congressional Black Caucus Foundation, Inc. Retrieved 8 February 2016.
  24. ^ "About us". African Energy Association. Retrieved 19 February 2016.
  25. ^ "Nigeria news". Stanford University Libraries. Stanford University. Retrieved 19 February 2016.
  26. ^ "LEADERSHIP CEO Of The Year 2014 – Benedict Peters (Founder, Aiteo Group)". Leadership Newspaper. Mr. Sam Nda-Isaiah. Retrieved 8 February 2016.
  27. ^ "Nigeria's Top 30 Corporate Deals of 2014". Ventures Africa. Ventures Africa. Retrieved 19 February 2016.
  28. ^ "List of 'All' The Major Corporate Deals That Took Place In Nigeria – 2014". Nairametrics. Nairametrics. Retrieved 10 February 2016.
  29. ^ Anjli Raval and Javier Blas (27 August 2014). "Shell-led group close to selling Nigeria oilfields for $5bn". Financial Times. The Financial Times Ltd. Retrieved 10 February 2016.
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