Presidential aspirant, Atiku Abubakar has reportedly been
selling off his shares in Intels, a company he co-founded with an Italian
national, Gabriele Volpi, to provide integrated logistics services for
Nigeria’s maritime, oil and gas sectors.
Abubakar said on Monday that he was forced to divest his
shares in the company because the Buhari administration has been “preoccupied
with destroying” it since 2015.
The former presidential candidate co-founded the company
which provides integrated logistics services for Nigeria’s maritime, oil and
gas sectors.
In 2010, Intels signed an agreement with the Nigerian Ports
Authority (NPA), which allowed the firm to collect revenue on behalf of the
federal government agency on some port operations.
But on many occasions, it has run into trouble with the
federal government over alleged illegalities.
In 2017, the federal government terminated the boats pilotage
agreement it signed with the company, after Abubakar Malami, attorney-general
of the federation (AGF), said it violated the constitution.
Abubakar and Gabriele Volpi, an Italian national, co-founded
the company which had also been accused of not paying taxes in 2017 — the same
year NPA accused it of failing to remit an outstanding $48 million.
In a statement issued on Monday by Paul Ibe, his spokesman,
Abubakar accused the federal government of going after the business, adding:
“There should be a marked difference between Politics and Business”.
The statement shared with TheCable read: “Co-founder of Integrated Logistics Services Nigeria Limited
(Intels), Atiku Abubakar, has been selling his shares in Intels over the years.
“It assumed greater urgency in the last five years, because
this Government has been preoccupied with destroying a legitimate business that
was employing thousands of Nigerians because of politics.
“He has sold his shares in Intels and redirected his
investment to other sectors of the economy for returns and creation of jobs.”
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