Atiku denies relationship with Intels after FG reversed contract cancellation

Presidential Candidate of the Peoples Democratic Party in the 2023 elections, Atiku Abubakar, says that he no longer has any ties with Integrated Logistic Services Nigeria Limited (Intels), a company he once co-founded.

Atiku made this knowm in a post on social media platform, X, on Sunday.

Atiku made the clarification after reports suggesting that he might benefit from the government’s decision to reverse the contract termination with Intels.

Atiku in the post, stated that he had divested his shares in Intels back in December 2020, selling them to Orlean Investment Group, the parent company of Intels.

He made this divestment public in January 2021 and emphasized that this action has not been undone.

He also said that he does not stand to gain from the federal government’s reinstatement of the boat pilotage monitoring operations previously managed by 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.