- Atiku Abubakar vehemently denies any association with Intels, clarifying that he sold his shares in the company in December 2020
- The former vice president emphasizes that he is not benefiting from the reinstatement of the contract between Intels and the federal government
As the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, Atiku Abubakar vehemently denies any association with Integrated Logistic Services Nigeria Limited (Intels). The clarification comes in response to speculations suggesting his involvement in reinstating a contract between Intels and the federal government.
Taking to X on Sunday, Atiku refuted the claims, revealing that he sold his shares in Intels, a company he co-founded in December 2020, to the parent company, Orlean Investment Group. His departure from the company was made public in January 2021.
The former vice president emphasized that his divestment from Intels remains unchanged and that he is not benefiting from the reinstatement of the boat pilotage monitoring business taken away from Intels by the Federal Government.
“In January 2021, I made public the sale of my shares in Integrated Logistic Services Nigeria Limited (Intels) to Orlean Investment Group, the parent company of Intels. The phased sale of those shares commenced in 2018 peaked in December 2020. Intels also made my exit from the oil and gas logistics company public, meaning that a different entity now owns those shares I sold,” Atiku stated.
He continued, “My divestment from the company that I co-founded has not been reversed. Consequently, by any stretch of the imagination, I cannot be a beneficiary of the reinstatement of the boat pilotage monitoring business that the Federal Government took away from Intels. Therefore, the insinuation that I am a beneficiary of the decision to rescind the cancellation of the contract between Intels and the Federal Government is untrue and should be seen for what it is: mischief.”
Atiku’s clear-cut denial seeks to dispel any misconceptions surrounding his connection to Intels in the wake of the contract reversal controversy.
Discussion about this post