Atiku’s Firm Was Awarded Contracts By Tinubu?

Atiku’s Firm Was Awarded Contracts By Tinubu?

Former Vice President and presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Atiku Abubakar, refuted claims of having any involvement or shares in Integrated Logistic Services Nigeria Limited (Intels).

In a statement on his X (formerly Twitter) handle on Sunday, Atiku responded to reports suggesting he benefited from the decision to reverse the contract cancellation between Intels and the Nigerian government led by President Bola Tinubu.

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Atiku clarified that he divested his shares in Intels, a company he co-founded, in December 2020. The transaction involved selling the shares to the parent company, Orlean Investment Group, and he publicly announced his departure from the company in January 2021.

He explicitly stated that he did not derive any benefit from the reinstatement of the boat pilotage monitoring business, which the Nigerian government had withdrawn from Intels.

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He said, “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.

“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 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.”

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