Aiteo says it has attracted FDI worth $4bn into Nigeria

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A downstream oil and gas firm, Aiteo Group, yesterday said it has created significant direct and indirect employment, contributed billions of Naira and millions of US Dollars to the nation’s treasury and led to direct foreign investment worth more than $4 billion, Vanguard reports.

Besides, it also said that it is committed to developing its oil field asset in OML 29 and Nembe Creek Trunk Line (NCTL) as well as building sound business ethics. The company also noted that it has become a major player in the oil and gas industry especially in importing and exporting petroleum products in Nigeria and was flourishing as a prosperous corporate entity, by all standards.

This was even as the company created significant direct and indirect employment, contributed billions of Naira and millions of US Dollars to the nation’s treasury and led to direct foreign investment worth more than $4 billion. It said this in a statement while refuting allegations of a corrupt relationship between its managing director; Mr. Benedict Peters and embattled former petroleum minister Mrs Diezani Alison-Madueke.