Atiku Abubakar, former Vice President of Nigeria as well as co-founder of Integrated Logistics Services Nigeria Limited (INTELS) has sold his shares in the company.
This was disclosed in a statement issued on Monday by Atiku’s Media adviser, Paul Ibe.
Atiku stated that he took the decision because the economy had destroyed, allegedly by the government of President Muhammadu Buhari.
Ibe said briefly, “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.”
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.