Atiku Blames President Buhari For Selling Off Intels Shares

The Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 General Elections, Atiku Abubakar has blamed President Muhammadu Buhari-led government for the reason he sold off his shares in Integrated Logistics Services Limited (INTELS).

Atiku Abubakar, who is also the former Vice President disclosed this in a short statement issued and signed by his media aide, Paul Ibe, titled ‘Atiku redirects his investment in Intels,’ on Monday.

The media aide in the statement explained that one of the reasons Atiku sold his shares was Buhari-led government’s pre-occupation to destroy “a legitimate business”, stating there should be “a marked difference between politics and business.”

The statement read, “Co-founder of Integrated Logistics Services Nigeria Limited (Intels), Atiku Abubakar, has been selling his shares in Intels over the years.

“It assumed greater urgency in the last five years because this Government has been preoccupied with destroying a legitimate business that was employing thousands of Nigerians because of politics.

“There should be a marked difference between politics and business. “Yes, he has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs.”

It assumed greater urgency in the last last five years, because this Government has been preoccupied with destroying a legitimate business that was employing thousands of Nigerians because of politics.

— #EndSARSNow #EndSARSBrutality Paul Ibe (@omonlakiki) January 4, 2021

Yes, he has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs.

There should be a marked difference between Politics and Business.
Paul Ibe
Media Adviser to H.E @atiku

— #EndSARSNow #EndSARSBrutality Paul Ibe (@omonlakiki) January 4, 2021

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AllNews understands that Atiku co-founded the company which provides integrated logistics services for Nigeria’s maritime, oil, and gas sectors.

In 2010, Intels signed an agreement with the Nigerian Ports Authority (NPA), which allowed the firm to collect revenue on behalf of the federal government agency on some port operations.

But on many occasions, it has run into trouble with the federal government over alleged illegalities.

Recall that in 2017, the federal government terminated the boat pilotage agreement it signed with the company, after Abubakar Malami, attorney-general of the federation (AGF), said it violated the constitution.

Abubakar and Gabriele Volpi, an Italian national, co-founded the company which had also been accused of not paying taxes in 2017, the same year NPA accused it of failing to remit an outstanding $48 million.