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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

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New Virus: Federal Government Tightens Monitoring, To Quarantine China Passengers

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  • Experts demand proactive steps as new virus surges in China, ravages children

 

The Federal Government on Sunday said it would activate surveillance measures for inbound passengers from China following the current surge of a respiratory virus.

Reports indicate that the virus has led to overcrowded hospitals, emergency measures, and public concerns in China.

The virus, attributed to the “Human Metapneumovirus,” has seen cases spiking across northern Chinese provinces this winter, particularly among children. Neighbouring countries such as Cambodia, Taiwan, and Hong Kong are closely monitoring the HMPV situation, having reported a few cases but no widespread outbreaks, according to reports.

According to Chinese authorities, there has been a noticeable increase in HMPV cases, especially among children under 14 years old in northern parts of the country. Social media posts, accompanied by videos of overcrowded hospitals, have sparked fears of a larger-scale health crisis.

In response to the rising cases, the Chinese government announced measures, including constant monitoring of cases, the adoption of masks, social distancing, and disinfection of public spaces to curb the increase of the virus.

The new virus outbreak is coming five years after the emergence of a novel coronavirus – “COVID-19” – in Wuhan, China, which was declared a global pandemic by the World Health Organisation on March 11, 2020.

So far, COVID-19 has infected 777 million people globally and killed over seven million, according to WHO.

However, while both HMPV and COVID-19 are respiratory illnesses, there are important differences. HMPV typically causes milder symptoms such as a cold or flu, while COVID-19, caused by the SARS-CoV-2 virus, can lead to more severe health complications and long-term effects.

HMPV is also a seasonal virus, similar to other cold-causing pathogens like RSV, and infections usually peak during the winter months. HMPV, like COVID-19, spreads through respiratory droplets when an infected person coughs or sneezes and it can also spread via contaminated surfaces.

However, officials from the National Health Commission stated that while respiratory diseases are expected to rise during the winter months, the overall situation this year is less severe than last year.

Beijing also downplayed the developments as an annual winter occurrence.

China’s foreign ministry spokesperson Mao Ning said on Friday, “Respiratory infections tend to peak during the winter season. The diseases appear to be less severe and spread with a smaller scale compared to the previous year,” she said.

A pilot programme was launched by China to track pneumonia of unknown origin, ensuring labs and health agencies reported and managed cases more effectively, state broadcaster CCTV reported, quoting an administration official at a news conference.

The US Centers for Disease Control and Prevention said HMPV could cause upper and lower respiratory diseases in people of all ages, especially among young children, older adults and people with weakened immune systems.

The U.S CDC noted that HMPV is most likely spread from an infected person to others through secretions from coughing and sneezing, close personal contact and touching objects or surfaces that have the viruses on them, then touching the mouth, nose, or eyes.

“Symptoms commonly associated with HMPV include cough, fever, nasal congestion and shortness of breath. Clinical symptoms of HMPV infection may progress to bronchitis or pneumonia and are similar to other viruses that cause upper and lower respiratory infections. The estimated incubation period is three to six days, and the median duration of illness can vary, depending upon severity but is similar to other respiratory infections caused by viruses,” the US CDC stated.

Meanwhile, health authorities in Nigeria are already implementing emergency measures to monitor and manage the spread of the HMPV.

According to The Punch, the Director, Special Duties, Office of the Director-General of the Nigeria Centre for Disease Control and Prevention, Dr John Oladejo, on Sunday, said that the Federal Government would implement preventive measures by activating surveillance measures to curb the spread of the virus.

“The FG will activate surveillance measures, like quarantine, for passengers coming in from China,” Dr Oladejo said.

Earlier in November 2024, global health body WHO noted that it was closely monitoring the situation and was in close contact with national authorities in China, adding that it would continue to provide updates as warranted.

Based on the available information, WHO recommended that people in China followed measures to reduce the risk of respiratory illness, which include recommended vaccines against influenza, COVID-19 and other respiratory pathogens as appropriate; keeping distance from people who are ill; staying home when ill; getting tested and medical care as needed; wearing masks as appropriate; ensuring good ventilation; and practicing regular handwashing.

“WHO does not recommend any specific measures for travellers to China. In general, persons should avoid travel while experiencing symptoms suggestive of respiratory illness, if possible; in case of symptoms during or after travel, travellers are encouraged to seek medical attention and share travel history with their health care provider.

“WHO advises against the application of any travel or trade restrictions based on the current information available on this event,” the body added.

First detected in Pakistan in 2001, the HMPV has caused several outbreaks over the years in the Asian nation, primarily affecting children, but the virus is new to Africa as there haven’t been reported cases on the continent.

“Human Metapneumovirus was first identified in Pakistan in 2001, and outbreaks have been reported since then,” an official at the National Institute of Health, Islamabad, said.

“In 2015, a study conducted at Pakistan Institute of Medical Sciences found 21 cases of HMPV in children hospitalised with severe lower respiratory tract infections.”

Meanwhile, medical experts have stated that implementing surveillance measures against the virus was a crucial and appropriate step in ensuring that it doesn’t spread to the country.

They emphasised that surveillance should be an ongoing process carried out continuously by the government.

A virologist at the Department of Virology, College of Medicine, University College Hospital, Ibadan, Dr Moses Adewumi said, “On good day, surveillance should always be part of us. What happens most times is that despite the amount that was voted for COVID-19, we seem to have relaxed. Our people are more interested in spending the money, and after that, we probably decide to go to sleep. So, the surveillance should be a continuous thing.

“It is good that we increase our surveillance for people coming into the country, especially from China, Japan and other places, where we have the outbreaks. The government should be more involved in surveillance because most of the surveillance and all the research we do is funded by foreign bodies, so our own government should be more interested in research, in surveillance for all these viruses.

“The virus is not new but the surge may be because there is a different variant, and that is why we need to increase our surveillance and monitor it closely to curtail its introduction into the country. Experience has taught us that if we check now, we may have our people with antibodies already, and that’s a confirmation that it’s likely that this is circulating here, maybe not the exact variants that they have now.”

Also, an Associate Professor of Infectious Diseases and Genomics in the Department of Microbiology at the Adeleke University, Osun State, Oladipo Kolawole, noted that the decision by the government to implement surveillance measures was a good one, adding that it aimed to monitor and control the potential spread of the virus, ensuring public health safety as the situation developed.

Kolawole said, “The government is likely to enhance screening processes at points of entry and provide guidelines for travellers from China, this is to mitigate risks associated with HMPV. Activating surveillance allows for the early detection of cases, which is essential in managing outbreaks effectively. Monitoring travellers from regions experiencing outbreaks can help identify and isolate cases before they spread within the community.

“Also, quarantine for inbound passengers from the affected regions can significantly reduce the risk of transmission. It serves as a precautionary measure to ensure that individuals who may be infected do not unknowingly spread the virus to others. Finally, this situation underscores the importance of preparedness in public health systems.”

Meanehile, Hong Kong has reported a few cases of HMPV following the outbreak in China while Cambodia’s Communicable Disease Control Department issued warnings about the virus, noting its similarity to COVID-19 and influenza.

Taiwan’s Centers for Disease Control said the virus poses higher risks for children, the elderly and immuno-compromised individuals.

In neighbouring India, officials said there was no need for panic as HMPV is “like any other respiratory virus.”

 

Credit: The Punch

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Road To 2027: Talks On Ogun State Governorship Premature — Senator Solomon Adeola

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The Chairman of the Senate Committee on Appropriation and Senator representing Ogun West, Solomon Adeola, on Saturday, said that it was not yet time to talk about the 2027 governorship race in the state.

Adeola said that he is currently preoccupied with delivering on his campaign promises as Senator representing the people of Ogun West and that the future would determine his next political move.

The third-term Senator disclosed this while speaking with journalists during the annual New Year thanksgiving service held on Saturday at the Unity Cathedral of the Redeemed Christian Church of God, Ogun Province Seven, Ilaro.

The lawmaker has been tipped as the topmost contender for the 2027 governorship race in the state.

Asked to confirm the media report suggesting that his next political move would be to succeed Dapo Abiodun after his term in 2027, Adeola explained, “I don’t think it is time for that now, we are still involved in trying to bring back the dividends of democracy to the people as senator elected for Ogun West.

“What we are here to do today is to appreciate the Almighty God for his support in the past years and to also celebrate the new year with my people for their support and cooperation as well, because they are the ones who put me in this office.

“So, in the future, we can start talking about that when the time is ripe to know if I am going forward or I am staying where I am, the future will determine all of that.”

The lawmaker described 2024 as very fantastic with all the developmental projects and empowerment programmes facilitated for the Senatorial district, assuring a more rewarding and responsive leadership in the new year.

Adeola said, “2025 will be another exciting year, our people should be expecting good things as far as my representation at the Senate is concerned in terms of developmental projects, in terms of empowering the people and in terms of contributing to national issues on the floor of the Senate so that we can build a virile and much more prosperous country.”

He called for more support for the “All Progressives Congress”-led administration in the country, saying that President Bola Tinubu is doing everything humanly possible to restore the country to the path of economic growth and that just very soon, “There will be light at the end of the tunnel.”

Adeola, while praising the faithfulness and support of the Almighty God for his family, however, donated the sum of N50m for the completion of the ongoing construction of Unity Cathedral of the RCCG, Ogun Province Seven, Ilaro.

Speaking on the theme of the annual New Year thanksgiving, “Grateful For His Faithfulness,” the Pastor-In-Charge of the RCCG, Ogun Province Seven, Pastor Johnson Olukolatimi, urged people to be appreciative of God’s loving kindness and tender mercies at all times.

Ministering from the book of 1st Thessalonians 5 vs 18, Pastor Olukolatimi said that as much as God expected people to be thankful unto him, He wants people to do that in righteousness, urging the people to shun sinful life in the new year and serve God in holiness for the betterment of the country.

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Three Nigerian Women Jailed In Saudi For ‘Drug Trafficking’ Regain Freedom

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Three Nigerian women arrested and prosecuted for alleged drug trafficking in Saudi Arabia have been acquitted and released.

In a statement on Sunday, Kimiebi Ebienfa, the spokesperson of the federal ministry of foreign affairs, said the women were released after “prolonged diplomatic and legal engagements” between the Nigerian government and Saudi authorities.

The trio, identified as Hadiza Abba, Fatima Malah, and Fatima Gamboi, were arrested for alleged possession of a substance suspected to be cocaine while on pilgrimage in Saudi Arabia.

Ebienfa said they were arrested and prosecuted on March 5, 2024, at Prince Mohammad bin Abdul Azeez International Airport in Madinah, Saudi Arabia, and released after spending 10 months in detention.

“The arrest of the three women was a result of the earlier arrest of two Nigerian nationals, who were found in possession of 80 capsules of cocaine weighing 900.28 gm and 70 capsules of cocaine weighing 789.5 gm, respectively,” the statement reads.

“The women were detained by the Saudi authorities on suspicion of being accomplices and abetting the trafficking of the banned substance found on the aforementioned arrested Nigerians.

“The ministry wishes to recall that the trio’s arrest attracted much attention in Saudi Arabia and Nigeria.

“Their successful release was achieved after prolonged diplomatic and legal engagements, which culminated in their discharge and acquittal, as well as subsequent handover to the consulate-general of Nigeria in Jeddah.

“The ladies were received by Amb. Muazam Nayaya, consul-general of Nigeria in Jeddah, who is currently awaiting relevant immigration processes for their return to Nigeria to reunite with their families.”

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