Former Nigerian Vice President, Atiku Abubakar, has denied allegations that he profited from the reinstatement of the boat pilotage monitoring contract between Integrated Logistic Services (INTELS) Nigeria Limited and the Federal Government.
In a statement released on his X page, Abubakar clarified that he had publicly announced the sale of his shares in INTELS to Orlean Investment Group, the parent company of INTELS, in January 2021.
He emphasized that the phased sale of his shares, which began in 2018, had peaked in December 2020.
Atiku further stated that his divestment from INTELS, a company he co-founded, has not been reversed. As such, he is no longer a shareholder and cannot benefit from the company’s operations or contracts.
Atiku expressed his disappointment at the insinuation that he was a beneficiary of the decision to rescind the cancellation of the contract between INTELS and the Federal Government.
He labeled these allegations as “mischief” and emphasized their lack of truth.
Abubakar’s statement comes in response to recent news reports suggesting that he had sold his interests in INTELS through a series of transactions. The former Vice President has firmly debunked these allegations, maintaining his stance that he is no longer associated with INTELS.
He stated, “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.
READ ALSO: Obi, Atiku Visit Alma Mater, Sparking Calls for Tinubu to Follow Suit
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 Intel and the Federal Government is untrue and should be seen for what it is: mischief.”