By Abba Gwale
Former Vice President of Nigeria and co-founder of Integrated Logistics Services Nigeria Limited (Intels), Alh Atiku Abubakar, has sold all his shares of the company, and accused President Buhari of targeting his businesses for destruction.
In a statement signed by his Media Adviser, Paul Ibe, he said the decision was necessary because Nigerian government is destroying a legitimate business that was employing thousands of Nigerians.
He also said there’s a difference between politics and business, and since 2015 Nigerian government was eager to destroy the company (referring to Intels).
Atiku formed Intels together with an Italian, Gabriel Volpi, who was working with the company on oil and gas.
“Atiku has been selling his Intels shares before but the situation persisted since this government assumed office in 2015 because their concern is to destroy the company that is recruiting people just for political reason,” said Ibe.
He added that, “Atiku sold all his shares and diverted the money to other sectors of the economy for returns and to continue employing people.”
Intels had entered a deal with the Nigerian Ports Authority (NPA) for revenue collection, which was cancelled in 2017 by the Attorney General and Minister of Justice, Abubakar Malami, SAN.
According to Malami, the deal was cancelled because the agreement was against extant rules.