Atiku sells off his shares in Intels, accuses Buhari-led government of destroying his business

Atiku Abubakar accuses Buhari-led government of destroying his business as he sells off his shares in Intels

Ex-Vice President Atiku Abubakar has reportedly been selling off his shares in Intels, a company he co-founded with an Italian national Gabriele Volpi, to provide integrated logistics services for Nigeria’s maritime, oil and gas sectors.

Intels signed an agreement with the Nigerian Ports Authority (NPA) in 2010 to collect revenue on behalf of the federal government agency on some port operations, but there has been many issues from the deal on grounds of alleged illegalities.

In a statement released on Monday January 4 by his spokesman Paul Ibe, the former presidential candidate of the Peoples Democratic Party accused the federal government of going after his business.

Insisting that there should be a marked difference between politics and business, Atiku added that he is redirecting his investment to other sectors of the economy for returns and creation of jobs.

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.

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