Stella Dimoko Former VP Atiku Withdraws Shares From Intels And Accuses President Buhari Of Destroying His Business


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Tuesday, January 05, 2021

Former VP Atiku Withdraws Shares From Intels And Accuses President Buhari Of Destroying His Business

Nigeria's Former Vice President and Former Presidential Candidate, Atiku Abubakar, has sold off his shares in Integrated Logistics Services Limited (Intels).

Abubakar said on Monday that he was forced to divest his shares in the company because the Buhari administration has been “preoccupied with destroying” it since 2015.

The former Vice President co-founded the company which provides integrated logistics services for Nigeria’s maritime, oil and gas sectors.

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.

But on many occasions, it has 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 Abubakar Malami, attorney-general of the federation (AGF), said it violated the constitution.

Abubakar and Gabriele Volpi, an Italian national, 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 on Monday by Paul Ibe, his spokesman and made available to The Cable, Abubakar accused the federal government of going after the business, adding: “There should be a marked difference between Politics and Business”.

This Day also learnt that Atiku sold the shares for amounts totalling over $100 million in three instalments.


  1. Atiku wants Aso rock seat in 2023, disgrace is coming for you Baba.

  2. Politics of bitterness and vindictiveness.

    1. Teejay , don't always allow your hatred of this government to blind your judgement. Intel's had monopoly of the ports and didn't let other businesses grow. They weren't paying tax. Infact, you are in PH, just ask oo, Nwanne.

  3. He is about to waste another money


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