Money man, Ben Peters and his Aiteo Consortium are in a very tight spot.
Information filtering in indicates contrary to great
expectations, wealthy player in the oil sector and his group of Aiteo
consortium Ben Peters are experiencing great difficulty.
The Ben Peters led investors had acquired the lucrative Oil
block from Shell Petroleum Development Company to much reportage- and increased
rating in sphere of operation.
But a couple of weeks down the line, the story line is fast
changing.
Insiders disclose Ben Peters and his backers are cash stuck.
‘they are having great difficulty meeting up with payment
schedule’ is how an insider put it.
Sources revealed the situation has twisted to such an angle
for the Ben Peters Led team that they are presently pleading for a repackaged
payment schedule.
‘they have fallen behind on agreed terms’ societynowng.com
learnt.
Insiders further disclosed the team had premised attracting
more than enough fund to execute the mega purchase on the attractiveness of the
downstream sector to investors – especially because of it’s vital role in the
nation’s economy.
But snowballing falling prices of oil has pulled the carpet
on strength of this strategy- and scared off possible funds providers.
And to compound the issue, sources claim ‘those who have
committed funds are exploring ways to pull out to cut possible losses’.
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