I sold my stakes at INTELS – Atiku

Former Vice President and the candidate of the People’s Democratic Party (PDP), Atiku Abubakar, has denied allegations of being a beneficiary of the reinstatement of the boat pilotage monitoring business that was taken away from Intels by the Federal Government.

He made this known on his X official page (formerly Twitter), stating that such an allegation is mischief.  

He wrote, ‘‘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 that commenced in 2018 peaked in December 2020. Intels also made public my exit from the oil and gas logistics company, meaning that a different entity now owns those shares I sold.’’

He stated further, ‘’My divestment from the company that I co-founded has not been reversed. Consequently, I cannot, by any stretch of the imagination, be a beneficiary of the reinstatement of the boat pilotage monitoring business that was taken away from Intels by the Federal Government.’’

‘’Therefore, the insinuation is untrue and should be seen for what it is: mischief.’’

Atiku sold his interests in Integrated Logistic Services (INTELS) Nigeria Limited through a series of transactions in 2020. He made this decision because he believed the Muhammadu Buhari government had destroyed the economy then.

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Oluwasegun Sanusi

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