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Aiteo Chief Executive Officer, Benedict Peters, is the latest Nigerian oil mogul to be named in the case surrounding the bribery allegations against former Nigerian Oil Minister, Diezani Alison-Madueke.

Three London properties linked to the alleged bribery of Mrs. Alison-Madueke have been frozen under the UK Proceeds of Crime Act, at least one of which is owned by Mr. Peters.

The order, issued in September 2016 and obtained by Africa Confidential, forbids defendants Benedict Peters, Mrs. Alison-Madueke, Atlantic Energy’s Kola Aluko and Jide Omokore, Christopher Aire (a jeweller for Mrs. Alison-Madueke) and Donald Amamgbo (her cousin) from disposing of or dealing with the properties.

Messrs Alison-Madueke, Aluko and Omokore were named in the U.S. Department of Justice’s (DoJ) asset forfeiture, which stated that the same London properties totaling more than £10m were bought for the oil minister in order to secure lucrative Strategic Alliance Agreements (SAAs), which saw prized Nigerian oil assets passed to the minister’s cronies for pittance.

Mr. Peters’ company Aiteo has been linked to the 2015 INEC bribery scheme that saw Mrs. Alison-Madueke’s son, Ugonna Madueke, distribute $115million to INEC officials via Fidelity Bank in 2015.

But the inclusion of Mr. Peters as a defendant in the London case, which relates to an attempt to influence the former Minister’s contracting decisions, suggests that international investigations could be more wide ranging than was previously known.

Mr. Peters’ company, Aiteo, did not directly benefit from the SAAs, but it flourished under Mrs. Alison-Madueke’s oil ministry. As well as term contracts from the NNPC, Aiteo benefitted from the oil swaps, and bought Shell’s prize asset, OML 29. With Peters now in the frame, these deals could face the same scrutiny from international law enforcement as the notorious Atlantic SAAs.

Mr. Peters has admitted to being the owner of the Seychellois company, Rosewood Investments Limited, who until now has been known as “co-conspirator #2” in the DOJ’s case. Rosewood Investments bought the £2.8m luxury flat in Harley House, London, in March 2011, with the help of London-based estate agent Daniel Ford.

Mr. Peters later bought luxury furnishings for the flat from Mrs. Alison-Madueke’s favourite Houston store, according to the US documents. The DoJ affidavit says over the course of two days in May 2011, Mr. Peters bought over $107,000 of furniture – including a sideboard worth more than $10,000 – that was later shipped to the UK and installed at Harley House.

Construction workers renovating Harley House over the summer of 2011 were introduced to Mrs. Alison-Madueke as “the architect”, and Kola Aluko, who was co-ordinating the renovation of Harley House in the summer of 2011, forwarded the plans for the apartment to the former minister.

Mr. Peters could not be reached to comment for this story. All his known telephone lines were switched off the multiple times PREMIUM TIMES called in three days. He is yet to respond to an email inquiry sent to him.

An official of his Sigmund Group, who was contacted by telephone, said he could not speak for Mr. Peters, and would not provide his latest contact details.

Diezani’s deals: the swaps and the blocks

The Swaps

Mr. Peters ran tank farms under the aegis of Sigmund Communnecci Limited until 2008, when a “re-branding” exercise renamed the company to Aiteo. Its success under the Goodluck Jonathan government has made it perhaps Nigeria’s largest indigenous oil and gas company.

Aiteo entered into its first offshore processing agreement (OPA) contract with Nigerian National Petroleum Corporation’s Duke Oil in 2010 which gave the company 30,000 barrels of oil a day. Under the contact terms, Aiteo was supposed to refine the crude and import a set value of oil products in return. That deal was periodically renewed, but it was not renewed in 2014.

In January 2015, Aiteo received another OPA deal (90,000 barrels per day) directly from NNPC, but the contract was cancelled by the Buhari administration. That same time, the company took over Duke Oil’s 30,000 barrels per day OPA. The deal was also cancelled shortly afterwards.

Former Governor of Central Bank, Lamido Sanusi, published an explosive memo in 2014 that pointed to possible NNPC losses of $20billion between January 2012 and July 2013, and listed the oil swaps as potential leakage points. Experts pointed to numerous loopholes in the contracts that could have cost NNPC millions – including a clause stating that records relating to the contract could be disposed of after a year.

President Muhammadu Buhari cancelled the swap contracts as soon as he assumed the Nigerian presidency in 2015, but it took until March 2017 for Aiteo to repay $202m in “reconciliation” charges – and there has been little transparency over how this figure was arrived at.

The Blocks

By arguably the most lasting deal that Mrs. Alison-Madueke presided over during her time at the oil ministry was the sale of Shell’s onshore assets in the Eastern Niger Delta. The jewel in the Shell’s divestment portfolio was the Nembe Creek Trunkline, a critical crude oil pipeline that takes crude from the Delta to Bonny Export terminal – and the OML 29 oil block.

The Aiteo consortium was announced as the highest bidder for the most valuable block, OML 29, in March 2014, just a month after Sanusi’s memo was published.

Aiteo and its partners, Igho Sanomi’s Taleveras and a little known trader, Tempo Energy, bid $2.85m for the block, which commentators considered inflated. None of the companies had experience of production, and Shell encouraged the consortium to join up with a company that did.

It took over a year to for the deal to be completed, and in that time, Shell’s Chief Financial Officer warned investors that it was “difficult to predict” how the company would get approval of the sales from the government. Under the Petroleum Act the Minister has power of approval for the sale of oil licences in which NNPC has stake.

The purchase of the block was finally completed just days before the 2015 election, financed by Citi Bank, First Bank, Zenith Bank, and Union Bank Nigeria. The CBN demanded the reclassification of the loan in summer 2016 – as the Nigerian banking sector reached near crisis because of its exposure to Jonathan era deals.

The transaction was also partly funded by $512m of “seller financing” from Shell – under which Shell retains the exclusive rights to market oil from the block for the first five years.

Source: PREMIUM TIMES

BIG STORY

Port Harcourt Refinery Halts Operations Over Calibration, Loading Bay Empty

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The fanfare and cheers that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have faded, leaving the hopes and expectations of many Nigerians uncertain.

A visit (by Saturday Punch) to the refinery on Friday revealed that there was no activity on-site, with some workers stating that the refinery was undergoing calibration, which might last until next week.

The Port Harcourt Refinery has faced numerous delays and missed deadlines for resuming operations.

However, on Tuesday, the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Melee Kyari, inaugurated the new plant at the Area 5 terminal of the refinery. It was claimed that 200 petrol trucks were loading daily from the plant.

Despite the announcement, skepticism arose as reports circulated that the trucks were being loaded with old products from the storage tanks.

Upon visiting the Port Harcourt Refinery Area 5, it was observed that there were no signs of activity.

An official, who spoke on condition of anonymity, revealed that the loaded trucks contained “dead stock.”

He said, “Before the refinery was shut down between 2015/2016, we had dead stock left in the tank, including some Premium Motor Spirit (petrol) DPK (kerosene), and Automated Gas Oil (diesel).

“So, these products were in large quantities in stores in those tanks. During the rehabilitation of the Port Harcourt Refinery, Old Area 5, those products were evacuated from the tanks for storage.”

However, he noted that the large quantity of refined petrol was “off-spec,” requiring separation from water to obtain the main product in preferred colours.

“But for DPK, it is in large quantity but they have not pushed it from the tank where it was kept after refined ready for commercial purposes.

“So, the product that was loaded was dead stock, that is the old product that was in the system. So, after these dead stocks, they will have to clean the tank, remove all the debris before pumping the new project into that tank, and redye it,” the source said.

The worker highlighted that refineries worldwide should operate electronically, not manually.

“But what they are trying to do at the Port Harcourt Refinery is manual, which cannot match the new digital pumps. Most of the pumps used for the event were refurbished,” he added.

He explained that during Kyari’s visit on Tuesday, seven trucks were prepared for loading, but only five were filled with petrol.

The Chairman of the Independent Petroleum Marketers Association of Nigeria, Taken Ikpaki, while speaking to journalists during the inauguration of the facility on Tuesday, had expressed optimism.

He stated that more trucks were expected to come into the facility to load products in the coming days.

But rather than more trucks coming into the refinery, the number of trucks has dwindled.

Around 1.30pm when our correspondent visited, he observed that most workers and drivers appeared idle as no machinery was operational.

Nine trucks were seen parked, but the loading bay, numbered from one to 18, was empty and deserted, with some workers lying down.

When asked about the lack of loading activity, a worker in overalls said, “They are de-watering, removing the water under the PMS. Maybe there will be loading after that, but we don’t know what time today.”

Another worker at the loading bay mentioned that ongoing calibration was the reason for the delay.

“They are calibrating the meters,” he said tersely.

Findings (by Saturday Punch) showed that the PMS left in the storage might not be enough to fill five trucks.

A source indicated that calibration would continue until Monday, with the loading of DPK (kerosene) and AGO (diesel) expected to start by then.

Speaking to our correspondent, a resident of Alode in Eleme Local Government Area of Rivers State, who simply identified himself as Osaro, said, “After that ceremony with Mele Kyari where they said the refinery had started operation and loading was taking place, what happened afterwards? They continued loading on air, that is on the pages of newspapers and social media.”

When contacted for his reaction on the lack of activities on Friday, the National Public Relations Officer of the Petroleum Product Retail Outlet Owners Association of Nigeria, Dr Joseph Obelle, said it was as a result of ongoing calibration.

Obelle, the PETROAN spokesman, said, “They are calibrating the loading pumps. They will be done today.”

Meanwhile, it was gathered that the Senate Committee on Petroleum visited the refinery on Thursday on a facility tour. The outcome of the visit had yet to be made public.

Calls and text messages to the spokesperson for the NNPC, Olufemi Soneye, were not replied as of the time of filing this report.

But the NNPC had in a statement denied claims by an Alesa community leader, Timothy Mgbere, that the Port Harcourt refinery was not producing fuel.

Soneye accused Mgbere of crass ignorance of how a refinery runs.

He said, “The old and new Port Harcourt refineries have since been integrated with one single terminal for product load-out. They share common utilities like power and storage tanks. This means that storage tanks and loading gantry which he claimed belongs to the new Port-Harcourt Refinery can also receive products from the Old Port Harcourt Refinery.”

He called on the public to disregard claims borne out of “sheer mischief and blatant display of ignorance.”

 

Credit: The Punch

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BIG STORY

Simon Ekpa To Spend Christmas In Detention As Finland Court Denies Him Bail

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  • Followers declare United States of Biafra in Finland

 

 

Pro-Biafran agitator Simon Ekpa, who was arrested in Finland for alleged terrorism-related activities, will spend Christmas in detention, as Finland’s legal system does not allow for bail.

Mikko Laaksonen, a Senior Detective Superintendent at Finland’s National Bureau of Investigation, confirmed this (to Saturday Punch) in an email.

The news comes as Ekpa’s supporters declared the establishment of the United States of Biafra during a conference held in Finland on Friday.

Last week, the Finnish government announced the arrest of Ekpa and four others on suspicion of terror-related offenses, including incitement to violence and terrorism financing.

Finnish police have confirmed that Ekpa, who calls himself the Prime Minister of the Biafra Republic Government-in-Exile, allegedly used social media to incite violence in the South-East region, targeting both civilians and authorities.

According to local publication Yle, Ekpa was remanded in custody by the Päijät-Häme District Court on charges of public incitement to commit a crime with terrorist intent.

The publication reported that the Finnish Central Criminal Police confirmed the arrest in a statement last Thursday, noting that other suspects were apprehended for allegedly financing terrorist activities.

Also, Ekpa is scheduled to face charges in May 2025, according to Finnish authorities.

When asked if Ekpa’s charges were bailable or if the prosecution was disposed to releasing him on bail, Laaksonen said, “Finnish criminal procedure/coercive measures do not recognise bail procedure.

“Our procedure is based on, depending on the case, remand or travel ban as coercive measures for limiting freedom of movement for persons suspected of offences to which such measures are applicable.”

  • Supporters Declare Biafra 

In Finland, Ekpa’s supporters converged on Lahti in Finland on Friday to declare the United States of Biafra.

A few days before the conference, videos circulated on social media showing a significant influx of Nigerians into Finland for the event tagged, ‘Biafra Mass Exodus 2024’.

An X user, @DOlewunne, tweeted, “Huge in Finland Under His Excellency the Prime Minister of Biafra Simon Ekpa (sic). The re-declaration of the Independent State of Biafra/United States of Biafra is in full swing. This historic independent moment is championed by the People of Biafra. We are a Nation! (sic).”

The convener of the convention, who introduced herself as the Chief of Staff of the United States of Biafra and the organiser of the Biafra Declaration of the Restoration of the United States of Biafra Convention 2024 in Finland, is Dr Ngozi Orabueze.

According to several online sources, Orabueze is a family nurse practitioner in Atlanta, Georgia, with expertise in treating diabetes, bipolar disorder, and depression, among other conditions.

She was first appointed by Ekpa in March 2023 as Minister of Health, Oil and Gas, Biafra Republic Government in Exile.

Orabueze, who has over 17,500 followers on X and more than 12,000 on Facebook, wrote on November 27 that the convention was to take place in Lahti, noting that it would kick off with a live X Space event.

On 28 November, she wrote, “Biafrans are trooping into Finland in droves ahead of the re-declaration of the independent state of Biafra,” attaching a video of a large Igbo-speaking crowd awaiting clearance at the Finnish airport.

On Friday afternoon, Orabueze posted on her verified X handle, @ngoziora, that Biafrans had declared an independent state and would now use their own currency (Biafra coins) and time (Biafra time), notifying the Nigerian government and the international community.

The declaration of Biafra’s independence, initially slated by Ekpa for December 2, faced some setbacks following Ekpa’s arrest and prosecution by the Finnish government.

Orabueze wrote, “Breaking: It is done. Biafrans in Finland for the declaration of the independent United States of Biafra. Power belongs to the people.” She later added, “Biafra has been re-declared today, 29th of November 2024, by Ngozi Orabueze, the Chief of Staff, United States of Biafra. Congratulations to all Biafrans all over the world.”

Before the declaration, a video of Ekpa addressing the audience was played online.

Ekpa stated, “We were free before Lord Lugard came. If you want the oil, take it and leave us alone. We are tired of living as baboons and monkeys. We want to be given the opportunity to practise what we have studied.”

As the video ended, the audience began to chant, “USB, USB, USB,” meaning the United States of Biafra.

Afterwards, Orabueze, taking the oath of office, listed the states within the newly re-declared United States of Biafra.

These included Anambra State, Okigwe State, Nnewi State, Ogoni State, Opobo State, Ikwerre State, Etche State, Okrika State, Ngwa State, Orlu State, among others. The crowd cheered her on in both Igbo and English.

After the declaration, the crowd sang an Igbo song, “Biafra aga’m arapu gi,” translating to “Biafra, I will never let you go.”

Earlier in videos and photos shared on X, several members of the group claimed they were just landing at the Finnish airport in Helsinki.

A woman, @Charedims, who took a video while on a flight, said, “Biafrans all over the world from different continents everywhere are converging on Lahti for the convention.

“On December 2, when all votes are counted and collated, a mandate will be given to our prime minister, Simon Ekpa Njoku, who is currently answering some questions with the Finnish authorities; when the votes are counted, he will then declare the restore of the independent state of Biafra, which means he has the legal rights to get us Biafra. That is why you are seeing everybody jumping up and down.”

  • IPOB Disowns Group, MASSOB Denies Claim

Reacting to the development, IPOB’s spokesperson, Emma Powerful, rejected the notion that the group was behind the event.

He stated, “IPOB has no involvement in any conference. Those people (Ekpa’s faction) are criminals supporting illegal activities to destroy our land. There is no such thing as a declaration of Biafra from our side.

“Any claim that IPOB is hosting a conference is false. When IPOB decides to make such an important announcement, the whole world will know. Those making such statements are fake.”

The spokesperson for the Movement for Actualization of the Sovereign State of Biafra, Sunday Edeson, stated that if IPOB succeeded in the realisation of Biafra through its declaration, MASSOB would accept and rejoice with them.

He added that the British government would never support the freedom of Biafra.

“Everyone has the right to declare. They declared their freedom in Finland, but we know that we’re still under Nigerian leadership. We support them.

“Declaring independence in Finland doesn’t mean we’re free from the Nigerian government. We still use Nigerian currency, and security agencies are still from Nigeria. So, we’re still under Nigeria’s control,” Edeson said.

  • Extradition

Meanwhile, a spokesperson for the Ministry of Foreign Affairs, Kimiebi Ebienfa, told Saturday PUNCH that Nigeria did not have an extradition agreement with Finland.

Also, Finland through the Finnish Embassy in Nigeria said it could not comment on the matter.

The Director of Defence Information, Brig Gen Tukur Gusau, had said Ekpa, a self-proclaimed disciple of IPOB leader, Nnamdi Kanu, should be extradited to Nigeria to face criminal charges.

Many Nigerians online also demanded his repatriation to Nigeria to face terrorism charges.

In response to the call for Ekpa’s extradition, a lawyer during ‘The Morning Show’ on AriseTV, Chukwuma Ezeala, said that Finnish-based Nigerian was charged with terrorism and countries involved must cooperate.

He stated that he could be tried in Nigeria or Finland.

“On the issue of extradition, for him to be extradited, there must be a bilateral agreement. From all indications, Nigeria doesn’t have a bilateral agreement with Finland.

“However, since it’s an international crime, he can still be extradited to Nigeria based on international conventions.

“The question will now be, can Nigeria satisfy conditions or requirements of extraditing a person to Nigeria without a bilateral relationship,” Ezeala queried.

 

Credit: The Punch

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BIG STORY

Abuja Herbalist Hospitalised After Shooting Self While Testing ‘Bulletproof’ Charm

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A herbalist, Ismail Usman, suffered a life-threatening injury while testing a self-made ‘bulletproof’ charm. The incident occurred in Kuchibuyi village, Federal Capital Territory, Abuja, on November 23.

Usman used a locally fabricated gun to shoot himself in the stomach after fortifying himself with the charm. Unfortunately, the charm failed, leaving him severely injured.

FCT police command spokesperson Josephine Adeh confirmed the incident, stating that officers from the Byazhin Division rushed Usman to Kubwa General Hospital. Due to the severity of his injuries, he was later transferred to Gwagwalada Specialist Hospital.

Adeh said, “A distress call from Shandam Michael reported a shocking event involving Ismail Usman, a local herbalist known for his unconventional methods. In a misguided attempt to test the effectiveness of a self-made ‘bulletproof’ charm, Usman shot himself in the stomach with a shotgun.

“Unfortunately, the charm failed to protect him, resulting in life-threatening injuries. Officers from the Byazhin Division responded swiftly, arriving at the scene to find Usman in critical condition. He was quickly transported to Kubwa General Hospital for emergency treatment and later transferred to Gwagwalada Specialist Hospital for further care.

“In the aftermath, police conducted a thorough search of Usman’s home, recovering the homemade gun and an array of charms used in his reckless experiment.”

Adeh stated that Usman would face charges for unlawful possession of firearms and attempted suicide, violating Section 231 of the Penal Code Law of Northern Nigeria.

She said, “Investigations are ongoing, and Usman is expected to face charges for unlawful possession of firearms and attempted suicide under Section 231 of the Penal Code Law of Northern Nigeria.

“Commissioner of Police FCT, CP Olatunji Disu, condemned the incident, highlighting the dangers associated with illegal firearms.”

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