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I Am Not Financier Of Obasanjo’s Third Force Movement – Aiteo Boss



The executive vice chairman of Aiteo Group, Benedict Peters, has denied financing a political movement called the ‘Third Force’ proposed by former President Olusegun Obasanjo, saying he was neither aware of the existence of the group nor its financier as alleged by a report.

Peters in the statement made available to journalists said, “My attention has been drawn to a tweet in which I was mentioned as the major financier of a political movement called the ‘Third Force’. While I have received calls and messages advising me to ignore the tweet and regard its publication as the handiwork of detractors, the delicate nature of the tweet – having taken into consideration my travails in recent times, fuelled largely by the adverse effects of incomprehensible media falsehood – require that I immediately, authorise the release of a rebuttal, given the malicious, damaging effect the unprofessional tweet is capable of creating.

“For the record, I wish to state, categorically and unequivocally, that I am not a financier of the said organisation or any socio-political partisan association or political party in Nigeria or anywhere else in the world.”

Aiteo boss explained that as an international businessman of repute, he has deliberately stayed away from politics preferring, instead, to focus and give his all to the development of his business interests across the African continent.

He said, “Corporate Social Responsibility (CSR) contributions have seen the Aiteo Group, which I lead, provide investment support in medicine and medical research dedicated to seeking cures for several ailments which affect the African continent as well as investment in sport and sport as a panacea for the development of Africa’s teeming youth population. The latter has been particularly evident in the sport of football where we have major relationships with the Nigerian Football Federation and Confederation of African Football (CAF).  This is even as we continue to regularly provide financial support and investments to encourage building the “Nigerian Dream” through multi-dimensional and multifaceted socio economic interventions.”

According to him, his immediate family or companies would not embark on the sponsorship of a movement, which is unknown to him.

“This would be crass, irresponsible and inconsistent with the commercial prudence that a businessman of my accomplishment would consider,” he said.

He pointed out that linking him as a financier of such a venture is not only vile and callous, saying it is insensitive and inconsiderate.

“It is a sad reminder of the length that some people, manipulating the malleable, depraved and downright dishonest elements of the media, can go (for reasons best known to them) in their despicable and contemptible attempts to continue to pit me against the government of the day in Nigeria.

“Apart from seeking to impugn my integrity as the publication has done, the authors appear to premise the absurdity of their fabrication on my very well publicised relationship with former President Chief Olusegun Obasanjo, GCFR. I confirm that I know the former President very well.  He is like a father to me.  He was a friend of my father, the late Chief F.B. Peters and has a relationship with my family that dates back over 30 years.

“In the publishers’ indecent haste to malign the former president and I, amongst others, they demonstrated a shameful shallowness that paid no heed to the very personal nature of our relationship. For the avoidance of any doubt whatsoever, I also confirm, categorically, that the former President has, on no occasion, discussed or mentioned any such plan or intention to me.

“This situation very pointedly affirms the irrationality and farcicality of the allegations as a whole,” he said.







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