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Atiku blows hot as he responds to intel sharing allegations

Atiku blows hot
Atiku blows hot as he responds to intel sharing allegations

Atiku blows hot as he responds to intel sharing allegations

Ex-presidential candidate Atiku Abubakar has blown hot as he sells his shares in Intel

Atiku blows hot as he responds to intel sharing allegations
Paul ibe

This was made known in a statement by his media aide, Paul Ibe, on Monday.

Ibe explained that one of the reasons Atiku sold his shares was General Muhammadu Buhari (retd.)’s led Federal Government’s alleged pre-occupation to destroy “a legitimate business”.

The statement read, “Co-founder of Integrated Logistics Services Nigeria Limited (Intels), Atiku Abubakar, has been selling his shares in Intels over the years.

He has however hastened the urgency of his sale due to what he perceived as unfair government policies towards intel

“He has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs. There should be a marked difference between Politics and Business.”

Atiku blows hot as he responds to intel sharing allegations
Nigeria ports Authority

Citing reasons for the contract termination, the NPA alleged that Intels refused to get on the Treasury Single Account platform.

Atiku blows hot

Then, the resulting feud brought the majority shareholder in Intels, Gabrielle Volpi, to Nigeria, where he apologised to the Federal Government and pledged his firm’s commitment to transfer all the revenue collected from the boats monitoring and supervision services in Nigerian maritime waters to the TSA with the Central Bank of Nigeria, in compliance with the policy of the Federal Government.

Later in December 2017, there were reports that NPA had resolved the dispute with the logistics giant.

But that was shortlived as on may 19 their contract was revoked due to failure to remit $145.84m being outstanding service boat revenue generated from November 1, 2017, to October 31, 2018.

NPA, in a letter to the logistics giant, accused it of failing to remit $55.72m, which it pledged to remit in a letter dated February 12, 2019, and $145.84m, which the NPA demanded via various letters.

Intels reportedly denied the outstanding sum of $145.84m while 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 NPA’s payment of $19.67m.

NPA has declined that their decision was politically motivated and resulting from the feud between Alhaji Atiku Abubakar, who is a shareholder in Intels, and the President, Major General Muhammadu Buhari (retd.).

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Written by Izunna

I am Ejiogu Izunna
student of Futo
A Fun loving and peaceful person

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