Breaking: Aiteo Terminates Security Contracts Over Crude Theft, Fraud Allegations

Immediate Action Taken Against Compromised Surveillance Providers - Amotoi, Livingstone, Others

by Adenike Adeodun

Nigeria’s indigenous energy company, Aiteo Eastern Exploration and Production Company (AEEPCO), the operator of the NNPC/Aiteo Joint Venture on OML 29, has terminated with immediate effect all security surveillance contracts of Amotoi Global Services Limited and Barrister Clement Amunaboye, its promoter. 

Also terminated are the security contracts with Obiene M Obiene (Also known or referred to as “Organiser”), Thomas Livingstone, and Christophere Ezekiel Enu.

Aiteo in a statement on Monday said its decision followed its confirmation that the individuals and the company have compromised its operations by engaging in massive crude theft, high fraud, and injurious criminal activity.

The full text of the statement by Aiteo reads:


Aiteo Eastern Exploration and Production Company (AEEPCO), the operator of the NNPC / Aiteo Joint Venture on OML 29 wishes to notify the public and, in particular, all the relevant regulatory and government authorities within the oil and gas industry, all law enforcement and security agencies, all relevant third parties associated or connected with matters relating to the security of its operating installations and infrastructure, howsoever connected or wheresoever located, that it has terminated, forthwith and with immediate effect, any security surveillance or contractual arrangements or agreements it hitherto had with the following:

1.             Barrister Clement Amunaboye (trading under the name and style of Amotoi Global Services Ltd); 

2.             Obiene M Obiene (Also known or referred to as “Organiser”)

3.             Thomas Livingstone

4.             Christophere Ezekiel Enu

These developments follow confirmation of the occurrence of various damaging nefarious activities that have compromised our operations, constituting grave safety violations, manifesting high fraud, injurious criminal activity, gross negligence, and the unacceptable cumulative exposure of our assets and business, perpetrated by the within named entities and individual security contractor and service providers.  Accordingly, any/all relationships/transactions with them, whether jointly or severally, purportedly on our behalf, cease, forthwith. Any further involvement with these entities or individuals ostensibly pertaining to our company is hereby disclaimed.

Commenting on this development, AEEPCO’s Group Managing Director, Victor Okoronkwo, said: “For years, our company and its stakeholders have borne the worst impact of the consequences of crude theft, facilities vandalization, crude trafficking culminating not only in huge financial losses but causing severe disruption to our operations.  Despite the painful price that we have had to pay, it is particularly galling to discover that we have been undermined by the very entities or individuals who are supposed to secure our facilities and output. This speaks to the depth of the decay and the severity of the problem facing producers like us and calls for a heightened, urgent, and comprehensive escalation and implementation of corrective measures.” 


You may also like

white logo new

Energy News Africa Plus is dedicated to illuminating the vast expanses of Africa’s energy industry.

Editors' Picks

Latest Stories

© 2024 Energy News Africa Plus. All Rights Reserved.