Presidential hopeful, Atiku Abubakar, has vehemently denied any association with Integrated Logistic Services Nigeria Limited (Intels) following reports linking him to the reversal of the contract cancellation between Intels and the federal government.
In a statement shared via X on Sunday, Atiku clarified that he divested from Intels by selling his shares in December 2020 to the parent company, Orlean Investment Group. This move, made public in January 2021, indicated his complete exit from the company, and he emphasized that his divestment remains unchanged.
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Addressing the controversy surrounding his alleged benefit from the reinstatement of Intels’ boat pilotage monitoring business, Atiku firmly stated that such insinuations are baseless and misleading. He affirmed that, as of the sale of his shares, he no longer holds any stake in the oil and gas logistics company.
“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,” Atiku clarified.
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He concluded by discrediting the notion that he benefits from the government’s decision to rescind the contract cancellation, categorizing such claims as misinformation and mischief.
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