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Why I Sold Off My Intel Shares-Atiku

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Former Vice President of Nigeria and Cofounder of Integrated Logistics Services Limited, Atiku Abubakar, has explained why he sold off his shares in the company.

Atiku explained the situation in a statement by his media aide, Paul Ibe, titled ‘Atiku Redirects His Investment In Intels’, on Monday.

Ibe explained that one of the reasons Atiku sold his shares was General Muhammadu Buhari (retd.)’s led Federal Government’s alleged pre-occupation to destroy “a legitimate business”.

The statement 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.

“There should be a marked difference between politics and business.

“Yes, he has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs.”

However, NPA has denied that its action was politically motivated and stemming from the feud between the presidential candidate of PDP, Alhaji Atiku Abubakar, who is a shareholder in Intels, and the President Buhari .

Recall that in 2017, the Federal Government had directed the Nigerian Ports Authority (NPA) to terminate its pilotage contract with Intels.

 

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