I’m not a shareholder in Intels, Atiku tells FG 

I’m not a shareholder in Intels, Atiku tells FG 

Atiku Abubakar, the presidential candidate of the Peoples Demo­cratic Party (PDP) in the 2023 gen­eral elections, has said that he has no relationship with Integrated Logistics Services Nigeria Lim­ited (Intels).

He said this in a post via X on Sunday.

This was in reaction to reports that he is a beneficiary of the decision to rescind the contract cancellation between Intels and the Federal Government.

But Atiku said he sold his shares in Intels, which he co-founded, in December 2020 to the parent company, Orlean In­vestment Group, and made his exit from the company public in January 2021.

He said his divestment from the company had not been re­versed.

He stressed that he is not a beneficiary of the reinstatement of the boat pilotage monitoring business that the Federal Govern­ment took away from Intels.

“In January 2021, I made pub­lic the sale 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 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.