Former Vice President, Atiku Abubakar, said yesterday that, having sold his shares in Integrated Logistics Services Nigeria Limited (Intels) since 2020, he no longer had shares in the company and could not have benefited from the reinstatement of its contract with the Nigerian Ports Authority (NPA).
In a tweet, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, described as mischievous, insinuating that the reinstatement of the contract between the NPA and INTELS was done in his favour.
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The tweet reads: “In January 2021, I made public the sale of a major chunk of my shares in Integrated Logistics Services Nigeria Limited (Intels) to Orlean Investment Group, the parent company of Intels.
“The phased sale of those shares that commenced in 2018 reached its peak in December of 2020. Intels also made public my exit from the oil and gas logistics company, meaning that those shares I sold are now owned by a different entity.”
“My divestment from the company that I co-founded has not been reversed. Consequently, I cannot, by any stretch of imagination, be a beneficiary of the reinstatement of the 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 is: mischief.”