Oil Tycoon, Benny Peters, Plans to Explore the World

Without a doubt, Benedict Peters, the founder of Aiteo Group, one of Africa’s fastest-growing energy companies, ranks among Nigeria’s wealthiest businessmen and remains one of the privileged billionaires with offshore assets.

For a long while, Peters has been navigating the stormy oil business world and escaping the bloody-thirsty sharks that are willing to devour. But if there is one challenge this stupendously rich magnate has not been able to overcome, it’s to end his self-imposed exile. For about eight years now, Peters has chosen Accra, Ghana as his new home and is not ready to leave anytime soon.

Despite his absence in Nigeria, his energy conglomerate has not suffered, just as he is having a ball expanding his business frontiers in the international arena with operations in several African countries.

In 2019, the oil tycoon made headlines when he embarked on a platinum mining venture in Zimbabwe. His offshore company, Bravura Holdings, acquired a 3,000-hectare concession and had plans to establish a mine in Selous, located 80 kilometres south of Harare, Zimbabwe’s capital.

But Society Watch learnt that Peters’ initial enthusiasm for the platinum mine development project in the Maflox Claims area of Selous has suffered some setbacks since the arrival of President Emmerson Mnangagwa and issues around regulatory requirements.

However, Peters has been seeking every opportunity to resolve concerns and find a way forward for the project. While that’s ongoing, the Nigerian billionaire is also exploring opportunities for new investments and partnerships in Zimbabwe’s resource-rich industry. He was said to have discreetly shifted his attention to a huge lithium deposit in Kamativi, a small mining town in Zimbabwe.

The Delta State-born magnate’s Bravura Holdings presently holds concessions for cobalt mining in the Democratic Republic of Congo, copper mining in Zambia, and gold mining in Ghana.