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Benedict Peters

FOUNDER & CEO

AITEO

BRAVURA HOLDINGS

Benedict Peters is an African billionaire businessman with a diversified portfolio of oil and mining industry interests across Africa.

Geography of Operations

Ghana

Nigeria

Zimbabwe 

Democratic Republic of Congo

Zambia

Tanzania

Mozambique

Cote d'Ivoire

Sierra Leone

Guinea Bissau

Namibia

Libya

South Africa

Switzerland

Isaiah 40:5

And the glory of the Lord will be revealed, and all people will see it together. For the mouth of the Lord has spoken.

BIOGRAPHY

Benedict Peters is an African billionaire businessman with extensive assets in the oil and gas and mining industries. He is the founder and CEO of Aiteo, Africa's largest indigenous oil producer, and Bravura Holdings, a vertically integrated mining company developing platinum, lithium, steel, copper, and gold assets in countries throughout Africa, including Ghana, Nigeria, Democratic Republic of Congo, Zimbabwe, Namibia, Mozambique, Cote d'Ivoire, Sierra Leone, Guinea Bissau, Libya, Tanzania, and South Africa. Peters is also a born-again Christian and a prominent financier of the gospel of Jesus Christ across the world.

 

Peters started his business career in oil trading by working in various capacities for Ocean and Oil Services Limited and, subsequently, MRS Oil and Gas Limited.

 

In 1999, at the age of 33, he founded Sigmund Communecci – a petroleum product supply and trading company, and built it into the single largest operator of tank farms in Nigeria.

 

In 2008, Sigmund Communecci was rebranded into Aiteo. Just six years later, in 2014, in its quest to become an integrated energy company, Aiteo acquired a controlling stake in Oil Mining Lease (OML) 29, containing 11 oil and gas fields, and the Nembe Creek Trunk Line (NCTL) in the Eastern Niger Delta, from Royal Dutch Shell Plc after a competitive bidding process.

 

Over the past nine years, Peters has transformed Aiteo into the largest indigenous oil-producing company in Africa, producing close to 100,000 barrels of oil per day and contributing over five percent of Nigeria's daily oil production. 

 

In November 2023, Aiteo recorded a historic milestone in the African oil and gas sector when it launched a new grade of crude called Nembe through a joint venture with the Nigerian National Petroleum Corporation (NNPC). Nembe has a low sulphur content and low carbon footprint due to flare gas elimination, which meets the required specifications of major buyers in Europe. The Nembe crude stream will be managed and marketed by a joint venture between NNPC and Aiteo Eastern E&P Co. Ltd. It is the first such crude marketing project solely run by Nigerian entities.

Primarily through his company, Bravura Holdings, and other commercial entities, Peters has also become one of the foremost private Black African miners in Africa, developing gold, platinum, copper, steel, lithium, and other mining assets all throughout Southern, Central, and West Africa.

Peters shares a deep faith in Christianity, and manages with his wife, Ella Peters, philanthropic organizations and initiatives aimed at strengthening rural communities, improving access to education in rural areas, and helping local communities use their water resources responsibly.

PROFESSIONAL HISTORY

EXPERIENCE

June 2000-Present

Founder & CEO

AITEO

Based in Lagos, Nigeria, Aiteo is a leading player in the oil and gas industry. Founded in 1999, Aiteo has seen exponential growth over the past two decades. In 2016, the company traded petroleum products with a value of more than $11 billion. After acquiring an 85-percent stake in OML 29 from Shell for $2.56 billion, Aiteo secured the potential to hold as much as 300 million cubic feet of gas and 2.2 billion barrels of oil.

July 2014-Present

Chairman

JOSEPH AGRO FOUNDATION

The Joseph Agro Foundation's objective is to create thousands of jobs for farmers in rural communities, to reduce rural unemployment, to endow schools in rural communities, and to ensure the responsible use of water in those communities.

January 2012-Present

Chairman

January 1994-1999

Managing Director

January 1990-1994

Founding Member

FEDERAL UNIVERSITY OTUOKE

Responsible for macro policies and strategic leadership.

MRS

Pioneering managing director of MRS, a leading Nigerian downstream petroleum company. MRS presently owns the Chevron and Texaco gas stations in West Africa.

OCEAN AND OIL SERVICES LIMITED

Ocean and Oil Services Limited was a vertically integrated petroleum trading and exploration company.

EDUCATION

EDUCATION

1984-1989

Bachelor's Degree

1978-1983

UNIVERSITY OF BENIN

Geography and Regional Planning, Majoring in Geomorphology

FEDERAL GOVERNMENT COLLEGE ENUGU

KEY COMPANIES

KEY AFFILIATIONS & ACCOMPLISHMENTS

AFFILIATONS

FOUNDER & CEO,
BRAVURA HOLDINGS

Aiteo is the largest indigenous oil-producing company in Nigeria.

Bravura Holdings is a vertically integrated mining company, developing platinum, copper, and steel assets across Africa. 

Joseph Agro Industries & Food is one of West Africa's largest producers of grains, fresh and dried fruits, and vegetables.

FOUNDER, IS45

FOUNDER, JOSEPH AGRO FOUNDATION

IS45 is a Swiss energy project engineering company, with a focus on large-scale traditional and new energy initiatives.

The Joseph Agro Foundation implements a range of projects to help support rural farmers and their communities.

The B&E Foundation is a non-profit organization dedicated to fighting the inequalities and hardships of the underprivileged across Africa. 

2023 LAUREATE, AFRICAN PHILANTHROPIST AWARD

2019 MAN OF THE YEAR AWARD, BUSINESS DAY NEWSPAPER

2018 OIL & GAS CEO OF THE YEAR AWARD, THE GUARDIAN NEWSPAPER (NIGERIA)

The African Philanthropist Award is an annual prize recognizing outstanding contributions to philanthropy in Africa. 

Business Day, a national newspaper in Nigeria, presents its annual Man of the Year award to recognize individuals who have made a strong contribution to business, politics, society, and culture.

The Guardian (Nigeria) newspaper presents its annual Oil and Gas CEO of the Year award to recognize the industry's most successful CEO in any given year.

2015 LAUREATE, DR. MARTIN LUTHER KING JR. AWARDS

2014 LAUREATE, MARQUEE AWARD FOR GLOBAL BUSINESS EXCELLENCE

2014 CEO OF THE YEAR AWARD, LEADERSHIP NEWSPAPER

The Martin Luther King Jr. Awards recognize individuals who have made impactful contributions to the Legacy of Dr. Martin Luther King, Jr., through their efforts in economic empowerment, national and international service, civil engagement, justice, and philanthropy.

The annual Africa-U.S. Leadership Awards are presented by the African Energy Association, an international energy industry non-profit organization.

Leadership, a national newspaper in Nigeria, presents its annual CEO of the Year award to recognize the most successful CEO in any given year. 

CONTACT
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