Atiku Opens Up On Relationship With Intels

Atiku Opens Up On Relationship With Intels

Atiku Abubakar, the Presidential Candidate of the Peoples Democratic Party (PDP) in the 2023 elections, has refuted any association with Integrated Logistic Services Nigeria Limited (Intels).

In a statement posted via X on Sunday, he addressed reports suggesting that he benefited from the decision to reverse the cancellation of the contract between Intels and the federal government.

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Atiku clarified that he divested from Intels, a company he co-founded, by selling his shares in December 2020 to the parent company, Orlean Investment Group.

He made his departure from the company public in January 2021, emphasizing that this divestment remains unchanged.

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He firmly asserted that he is not a recipient of any advantages resulting from the reinstatement of the boat pilotage monitoring business, which the federal government had withdrawn from Intels.

“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,” he wrote.

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