ATIKU DISTANCES SELF FROM INTELS LOGISTICS
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By ‘Leke Yusuf
Former Vice President of Nigeria and Peoples Democratic Party (PDP) chieftain, Atiku Abubakar has distanced himself from the ownership of Integrated Logistic Services Nigeria Limited (Intels).
In a statement of his verified X handle, Abubakar wrote; “In January 2021, I made public the sale of my shares in Integrated Logistic Services Nigeria Limited (Intels) to Orlean Investment Group, the parent company of Intels.
“The phased sale of those shares that commenced in 2018 peaked in December 2020. Intels also made public my exit from the oil and gas logistics company, meaning that a different entity now owns those shares I sold.
“My divestment from the company that I co-founded has not been reversed. Consequently, I cannot, by any stretch of the imagination, be a beneficiary of the reinstatement of the boat pilotage monitoring business that was taken away from Intels by the Federal Government.
“Therefore, the insinuation that I am a beneficiary of the decision to rescind the cancellation of the contract between Intels and the Federal Government is untrue and should be seen for what it is: mischief. -AA”
The Federal Government, late last week, through the Nigerian Ports Authority, said it had extended the service boat operation agreement it entered with Intels Nigeria Limited.
This was contained in a memo by the NPA titled, ‘Reinstatement of Intels Nigeria Limited as the authority’s service boat operations monitoring provider in the pilotage district’ signed by the Ports Manager, Lagos Port Complex, Charles Okaga.
The NPA had in year 2020, terminated its contract with Integrated Logistics Services (Intels) Nigeria Limited.
This meant that the boat service operations previously handled by a third-party company, which is Intels Nigeria Limited, would now be handled directly by the Nigerian Ports Authority.
The new memo read in part, “Further to the above and to support the authority and Federal Government’s drive to increase revenue generation from the service boat operators, Messers. Intels Nigeria Limited has been directed to resume service immediately.
“This is in line with the terms of the extended contract container in the Managing Agency Agreement conveying the scores of the service in condition to the obligations of the agent,” the memo partly read.”
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