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Atiku sells off shares in Intels, blames FG


Former Vice President of Nigeria, Atiku Abubakar, has sold off his shares in Integrated Logistics Services Limited.

This was confirmed 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”.

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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.

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“He has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs. There should be a marked difference between Politics and Business.”

The PUNCH reports that in 2017, the Federal Government had directed the Nigerian Ports Authority to terminate its pilotage contract with Intels.

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Citing reasons for the contract termination, the NPA alleged that Intels refused to get on the Treasury Single Account platform.