Jobs/Appointments
Benedict Peters Dedicates Award to Aiteo Workers
By Dipo Olowookere
Nigerian oil tycoon, Mr Benedict Peters, has dedicated an award he won on Monday, January 28, 2019 to all employees of his company, Aiteo Group.
At the Nigeria International Petroleum Summit in Abuja, Mr Peters was awarded African Icon of the Year at the Foreign Investment Network (FIN) and Federal Ministry of Petroleum Resources Honorary Patrons Dinner and Awards Night.
The award was an acknowledgement of his significant contribution to oil and gas development in Africa, his visionary leadership, distinguished service and transformational disruption of a sector dominated by International Oil Companies.
The Aiteo Group’s 20 year evolution through Africa’s Oil and Gas sector has been exemplary as well as revolutionary – going from a downstream start-up to becoming a leading integrated energy conglomerate with strategic investments in hydrocarbon (or commodities) exploration and production.
Speaking at the award ceremony, Mr Michael Dragoyevich, Chief Executive Officer of Foreign Investment Network remarked, “Mr Peters has earned a unique honour to stand out among his peers as winner of the coveted FIN African Icon of the Year Award.”
In his remarks, while dedicating the award to all Aiteo employees worldwide, Mr Peters said, “The award by FIN as its African Icon of the Year is awe-inspiring. It’s an honour to receive this type of recognition.
“Our modest efforts to provide Africa’s market places with top-quality energy solutions while being a reference point for indigenous capacity in oil and gas have clearly paid off, and we are proud of the fact that we continue to receive such prestigious distinction.”
Mr Peters ventured into the oil and gas sector as an entrepreneur in 1999 and initially traded mainly in the downstream sector. In 2015, his company, Aiteo won the bid for the largest onshore oil block in sub-Saharan Africa.
Beyond oil, Mr Peter’s group has investments in mining, agriculture, infrastructure development, electricity generation and distribution, with a fast-developing retail distribution network. It is focused on serving the needs of communities across the continent, by leveraging a unique combination of a strategic asset base, technology, innovation, and some of the best technical and business minds across the industries it serves. The group has been expanding rapidly, extending its transformational operations to different countries across Africa and Europe.
Mr Peters is passionate about youth empowerment and has donated generously to support football on the African continent. Through Aiteo, he sponsors the Nigerian Football Federation, Aiteo CAF Awards, Aiteo Cup (The Federation’s foremost Cup in Nigeria) and a team in his company’s host community.
He has also assisted thousands of internally displaced persons in northern Nigeria while also supporting clean water sanitation initiatives in Africa in partnership with Face Africa, improving the lives of over 25,000 people in rural Liberia and more. Peters has a keen interest in social and environmental issues in the agricultural sector.
He chairs the Joseph Agro Foundation, which seeks to tackle high levels of unemployment and water shortage by creating job opportunities for farmers in Africa.
In recognition of his ground-breaking contribution to development, Peters was one of four recipients of the Marquee Award for Global Business Excellence at the Africa-US Leadership Awards in 2014. In the same year, he won the “Leadership CEO of the Year” award.
In 2015, Peters received the Dr Martin Luther King Jr. Legacy Award in the “Economic Empowerment” category. He was listed as one of the ‘50 Most Influential Nigerians in 2017’ by BusinessDay.
Furthermore, he won ‘Oil and Gas Man of the Year’ at the prestigious Guardian Awards in 2018 as well as the prestigious Forbes Magazine Oil & Gas Leader of the year. In January 2019, The Vanguard Media Limited honoured him with the Businessman of the year award at a gala in Lagos.
Jobs/Appointments
Chemical and Allied Products Appoints Jethro Iruobe as Executive Director
By Aduragbemi Omiyale
The chief operating officer of Chemical and Allied Products (CAP) Plc, Mr Jethro Iruobe, has been appointed as an executive director.
A statement from the organisation disclosed that the appointment is effective June 25, 2026.
In his new role, Mr Iruobe will participate in the formulation and execution of the company’s strategic priorities, provide executive leadership across critical functions, and contribute to its continued growth, sustainability and success.
The new board member joined the firm in 2019 as Head of Human Resources before growing to become the COO, with responsibility for Human Resources, Corporate Communications, Administration, Fleet and Commercial Excellence.
He has over 19 years of experience across a range of industries, including financial services, consulting, FMCG and manufacturing, having begun his career in banking before kicking off his HR career at KPMG and going on to hold senior roles at Promasidor Nigeria, Coca-Cola HBC and TGI Nigeria.
Throughout his career, he has supported organisations in building high-performing teams and driving sustainable business growth.
Beyond his corporate responsibilities, he is a columnist with Business Day Newspaper, a trained relationship counsellor and co-author, and a recipient of awards in both the human resources profession and other platforms.
Mr Iruobe holds a Bachelor’s degree in Mathematics and Economics from the University of Benin and a Master of Business Administration (MBA) from the Manchester Business School, United Kingdom. He is a certified Project Management Professional (PMP) and also holds the Global Professional in Human Resources (GPHR) certification awarded by the Human Resource Certification Institute.
Jobs/Appointments
Board Picks Malolan Sampath as Champion Breweries CEO After Adoga’s Exit
By Aduragbemi Omiyale
Mr Malolan Sampath has been appointed as the new chief executive of Champion Breweries Plc, effective September 1, 2026.
The appointment of a new chief executive was approved by the board of the brewery giant following the resignation of Mr Inalegwu Adoga.
To ensure continuity during the transition pending Mr Sampath’s assumption of office, the board has appointed Mr Rasheed Ademola Adebiyi, Executive Director of Finance, to take charge of the affairs of the organisation.
In a statement, the board said it remains committed to the highest standards of corporate governance and to delivering a seamless leadership transition and sustainable value to shareholders and other stakeholders.
The new Sheriff in town, expected to take over next quarter, was described as an accomplished executive with over 26 years of international leadership experience across the beverage, FMCG, manufacturing and agro-industrial sectors, having built and led businesses up to $500 million in scale.
His beverage and brewing experience includes serving as Managing Director of Unique Beverages in Angola and as Sales & Marketing Director for a PepsiCo bottling franchise, in addition to earlier brewing-sector experience.
Most recently, he held the dual role of Managing Director (NPK Joint Venture) and Chief Marketing Officer at Indorama Eleme Fertilisers in Nigeria and previously served as Chief Executive Officer of Global Industries Limited, a Wilmar International joint venture in Zambia.
He holds a Postgraduate Diploma in Management (MBA) from the Symbiosis Centre for Management & HRD, Pune, and a Bachelor of Business Administration from the University of Chennai.
The board expressed confidence that his expertise in manufacturing excellence, commercial execution and business transformation will support the company’s strategic objectives and long-term growth.
Jobs/Appointments
Julius Berger Appoints Muiz Banire, Chinazo Okoye to Board
By Aduragbemi Omiyale
Erudite legal practitioner, Mr Muiz Banire (SAN), has been appointed to the board of a construction giant, Julius Berger Nigeria Plc.
He joins the board of the organisation as a non-executive director, with effect from July 1, 2026, alongside Mrs Chinazo Okoye, who is an alternate director to Dr Ernest N. Azudialu-Obiejesi.
A statement from the company secretary, Ms Cecilia Ekanem Madueke, said Mrs Okoye is a graduate of the University of Michigan, Ann Arbor, Michigan, USA, and holds a Bachelor of Science in Mechanical Engineering, Master of Engineering Degree in Mechanical Engineering from the Cornell University, Ithaca, New York, USA, and a Master of Science Degree in Professional Accountancy from the University of London, London, UK.
She is a Chartered Certified Accountant (ACCA) of the Association of Chartered Certified Accountants. She has worked in various positions in various companies and is currently the Managing Director of Amaranta Trading Limited.
As for Mr Banire, he is a graduate of the University of Lagos and holds a Master of Laws Degree as well as a Doctor of Philosophy Degree from the same university.
He was called to the Nigerian Bar in 1989. He also holds a Master Certificate in the Arbitration Master Course from the Lagos Court of Arbitration Training Institute. He was admitted to the Inner Bar and conferred with the rank of Senior Advocate of Nigeria (SAN). He is a Member of the International Bar Association, the Institute of Chartered Secretaries and Administrators, an Associate Member of the Chartered Institute of Arbitrators, a Fellow of the Institute of Transport Administration of Nigeria, and the Nigerian Institute of Management. He is registered with the Law Society of England.
He had served in various capacities in the Legal profession, academic community and publicly. He was conferred with the National Honour of the Officer of the Order of the Niger (OON).
He is the Founder and Principal Partner, M. A. Banire & Associates, Member of the Board of Trustees, Fountain University, Osogbo, Osun State, and Pro-Chancellor of the University of Uyo, Akwa Ibom State.
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