Geology & Earth Science

Geology & Earth Science Experts

Benedict Peters

Executive Vice Chairman


Benedict Peters is a Nigerian billionaire, who founded the Aiteo Group, which has interests primarily in energy and is the largest indigenous oil producing firm in Nigeria by output. As of November 2014, he had an estimated net worth of US$2.7 billion. Peters is ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest person in Nigeria. Benedict is married and has four children. Peters hails from Onicha Oloma in Delta state and was born in Abakaliki, Ebonyi State to a banker and a homemaker. He attended Ekulu Primary School, Enugu; and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning. Peters began his career in the Oil and Gas industry in the early 1990s, working with the founders of Ocean and Oil, the entity now known as Oando Nigeria Plc, Adewale Tinubu, Mofe Boyo and Onajite Okoloko. He moved to MRS Oil Nigeria PLC as Group Executive Director, ending as its Managing Director, before leaving MRS in 1999 to establish Sigmund Communecci.

Research Interest

Oil and gas, power generation

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