Managing director and businessman, Benedict Peter declared wanted by EFCC in connection with conspiracy, diversion of funds and money laundering

Saturday 1 April 2017

Managing director and businessman, Benedict Peter declared wanted by EFCC in connection with conspiracy, diversion of funds and money laundering



The Economic and Financial Crime Commission, EFCC, has officially declared businessman and managing director of Aiteo Group, Mr. Benedict Peters wanted in connection with a case of criminal conspiracy, diversion of funds and money laundering.

It was earlier reported about his alleged role in the $115m (N23bn) bribe given to officials of the Independent National Electoral Commission by a former Minister of Petroleum Resources, Diezani Alison-Madueke, during the build-up to the 2015 general election.

Born in December 1966, Mr. Peters is a native of Abakiliki LGA of Ebonyi state.

His company acquired an 85 percent stake in the OML 29 block from Shell for $2.56 billion.

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