Atiku sells off shares in Intels, accuses President Buhari of destroying his business
Former vice-president of Nigeria, Atiku Abubakar has reportedly sold off his shares in Integrated Logistics Services Limited (Intels).
The presidential candidate of the Peoples Democratic Party in 2019 elections, Atiku also accused President Muhammadu Buhari-led government of destroying his business.
This was disclosed in a statement released by the spokesperson of the former Vice President, Paul Ibe on Monday.
“Co-founder of Integrated Logistics Services Nigeria Limited (Intels), Atiku Abubakar, has been selling his shares in Intels over the years,” the statement read.
“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.
“He has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs.”
The Nigerian government had in October 2017 directed the Nigerian Ports Authority to terminate the boats pilotage monitoring and supervision agreement that the agency had with Intels, saying that the contract was void ab initio.
The NPA had also accused Intels of refusing to remit to the Nigerian government service boat pilotage revenue in the firm’s custody, which amounted to $207.65 million (N78.9 billion) as at September 30, 2019.
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