Aiteo Energy Resources Limited has refuted a news story that it was indicted by a report of the Nigerian Extractive Industries Transparency Initiative (NEITI) on crude oil swaps during the company’s presentation to the Joint House Committee on Petroleum Upstream and Downstream and Justice on Wednesday.
In a statement issued Thursday by the company’s Deputy Managing Director, Mr. Francis Peters, Aiteo said no report had ever indicted it in its history, adding it had always been found above board by any panel of the federal government or report.
Peters said: “We reject in its entirety our company being referred to as 'indicted' in the said article. In her history, Aiteo has always been found above board by any panel or report.
“Despite the intensity of the probe by the Hon. Farouk Lawan Committee on Subsidy and the Aig-Imokhuede Committee, we were never indicted by anyone of them. We see this as a deliberate attempt to smear the good image of our company.