‘Intels Knocks Off Atiku Abubakar to Get FG’s Favour’

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Atiku Abubakar, Intels, Knocks Off Atiku, FG’s Favour
Atiku Abubakar

‘Intels Knocks Off Atiku Abubakar to Get FG’s Favour’

Intels Nigeria Limited on Monday said it had severed ties with one of its major shareholders, former Nigeria’s vice president, Atiku Abubakar, after the later had sold off his shares and exited the company finally in December, 2020.

Intels explained this in a statement titled ‘Intels Severs Ties With Atiku’.

Intels was founded in 1982 as Nicotes Services Ltd, according to its information on its official website, and is regarded as Nigeria’s largest logistics company which provides comprehensive integrated logistics services for the Nigerian oil and gas industry.

Nigerian Sketch however got wind of the main gimmick behind the announcement, as a reliable source revealed to our reporter that Intel only wants to appeal to the government of President Muhammadu Buhari so that the company would be allowed to have a “breath of fresh air after been muzzled for years.”

Our source said both Intels and Atiku had an agreement to announce the latter’s exit “in a way that will give the government an undisputable impression that Atiku and his entire family no longer have any interest in company. That was why you see the statement released was categorical and repetitive about the divestment of Atiku and his family.”

Our source said “Listen to me as I read out to you parts of the statement. You will notice the stress on the disconnection between Intels and Atiku. They said ‘the era of Mr Atiku Abubakar family’s involvement with the Group Orlean-Intels is over.’”

“They also said ‘On 1st December 2020 our group terminated also the working relationship with Mr Abubakar’s sons, Mr Adamu Atiku-Abubakar and Mr Aminu Atiku-Abubakar, and since that date, our group does not have any contacts, neither direct nor indirect, with members of Mr Atiku Abubakar’s family.’”

Our source said “that aspect of the release was the one Intels wanted the federal government to lap on to. It is now left to be seen if the removal of Atiku’s interests in the company will it the desired relief they are craving for.

A statement from the media adviser to Atiku Abubakar, Mazi Paul Ibe, gave reasons for the former vice president’s exit, saying he sold his shares in the company because the present administration was destroying the business.

Intels statement spokesman, Tommaso Ruffinoni, said Atiku, through his trust named Guernsey Trust International, sold shares of Orlean-Invest Group, Intels parent company, between December 2018 and January 2019, for a sum of approximately $60m.

Part of the statement read, “In the period between April and May 2020, Mr Atiku Abubakar converted his remaining shares into a convertible bond that he subsequently monetised up to a residual sum of approximately $29m.

“When he requested to cash in the above-mentioned sum, our group contested to Mr Atiku Abubakar a debt, towards our group, of $24.1m.

“Without having received any answer regarding the matter, on 30th of November 2020 Mr Atiku Abubakar was informed about the set-off of such sum while we made available the remaining sum of $5.4m.

“With the completion of the above-mentioned transactions, the era of Mr Atiku Abubakar family’s involvement with the Group Orlean-Intels is over.

“On 1st December 2020 our group terminated also the working relationship with Mr Abubakar’s sons, Mr Adamu Atiku-Abubakar and Mr Aminu Atiku-Abubakar, and since that date, our group does not have any contacts, neither direct nor indirect, with members of Mr Atiku Abubakar’s family.”

Intels on Tuesday issued another statement in which it denied that the federal government was instrumental to foiling its businesses.

“Intels Nigeria Limited and its parent company Orlean Invest Holding in relation to some statements that appeared in the press yesterday and today categorically denies that its business has at some time been hindered by political influences from the current government”, the statement said.

It also said :The severance from the world of Atiku Abubakar was an economic decision, in the exclusive interest of the company, and to irreconcilable strategic differences with the new governance structure of the intels-Orlean Invest Group.”

 

 

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