Off-loads shares in Intels
Former vice-president, Atiku Abubakar, has sold-off his shares in Integrated Logistics Services Limited (Intels), a co-founded the company which provides integrated logistics services for Nigerias maritime, oil and gas sectors.
Atiku, yesterday, said that he was forced to divest his shares in the company because the Buhari administration has been preoccupied with destroying it since 2015.
Recall that 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. However, it has on many occasions 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 the Attorney-General of the federation (AGF), Abubakar Malami, said it violated the Constitution.
Abubakar and an Italian national, Gabriele Volpi, 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 yesterday by Paul Ibe, his spokesman, Atiku accused the Buhari administration of going after the business, adding: There should be a marked difference between politics and business.
Former vice-president, Atiku Abubakar, has sold-off his shares in Integrated Logistics Services Limited (Intels), a co-founded the company which provides integrated logistics services for Nigerias maritime, oil and gas sectors.
Atiku, yesterday, said that he was forced to divest his shares in the company because the Buhari administration has been preoccupied with destroying it since 2015.
Recall that 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. However, it has on many occasions 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 the Attorney-General of the federation (AGF), Abubakar Malami, said it violated the Constitution.
Abubakar and an Italian national, Gabriele Volpi, 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 yesterday by Paul Ibe, his spokesman, Atiku accused the Buhari administration of going after the business, adding: There should be a marked difference between politics and business.
