Former Vice President of Nigeria and co-founder of Integrated Logistics Services Nigeria Limited (INTELS), Atiku Abubakar, has sold his shares in the company.
Atiku, in a statement issued on
Monday by his media adviser, Paul Ibe, said he took the decision because the
President Muhammadu Buhari government allegedly has destroyed the economy.
“Co-founder of Integrated Logistics Services Nigeria Limited (Intels), Atiku Abubakar, has been selling his shares in Intels over the years,” the statement partly read.
“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.”
The statement further said the
former Vice President sold his shares in Intels and redirected his investment
to other sectors of the economy for returns and the creation of jobs.
Meanwhile, Intels has denied owing
the sum of $145.84m, adding that its pledge to pay the sum of $55.70m as
revenue for the period from November 1, 2017, to march 31, 2019, was predicated
on the Nigeria Ports Authority’s payment of $19.67m.
NPA has, however, denied that its action
was politically motivated and stemming from the feud between Atiku, who was the
presidential candidate of Peoples Democratic Party (PDP) in the 2019 general
elections and President Buhari.

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