Atiku Abubakar, former Vice President of Nigeria and presidential candidate for the 2023 elections under the People’s Democratic Party (PDP) has refuted claims suggesting his involvement in or benefit from the reinstatement of a contract between Integrated Logistic Services Nigeria Limited (Intels) and the Federal Government.
Abubakar emphasized his divestment from Intels and stated that any insinuation connecting him to recent developments is baseless.
In a recent statement, Atiku Abubakar clarified his position regarding ongoing speculations linking him to reinstating the boat pilotage monitoring business between Intels and the Federal Government.
Abubakar reaffirmed that he publicly disclosed the sale of his shares in Intels to Orlean Investment Group, Intels’ parent company, in January 2021.
He underscored that the phased divestment process initiated in 2018 concluded in December 2020, signalling his complete exit from the oil and gas logistics company he co-founded.
Asserting his lack of current ownership in Intels, Abubakar debunked any suggestion that he might benefit from the recent developments concerning Intels’ contracts with the Federal Government. He labelled such insinuations as misleading and driven by ulterior motives.
His words: ”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.”