Declares earnings as legitimate
The High Court sitting in the Federal Capital Territory, Nigeria has declared that earnings and assets accruing to Oil magnate and Aiteo Energy boss, Benedict Peters were acquired legally through legitimate sources. This follows a similar ruling squashing multiple money laundering charges and bribery of election officials indictment against Mr. Peters.
Justice Valentine Ashi made the findings on Thursday, 7th of December, 2017 whilst pronouncing judgment in proceedings tried before him challenging the provenance and legality of the ownership of assets and properties belonging to the Aiteo boss. There was no evidence to support the suggestion that any aspect of his business showed any criminal conduct and as such, the allegations were baseless.
By proceedings in suit number FCT/HC/CV/ 0091/ 17, the Plaintiff, Moses Uyah alleged that Peters’ acquisition of a number of assets was fraudulent because he was unable to account for income or earnings from which such purchases could have been lawfully funded.
Court grants Aiteo’s Benedict Peters global judgment in rem
