I’m No Longer A Beneficiary FG’s Reinstated Intels Nigeria Limited – Atiku

The New Diplomat
Writer

Ad

Nigeria’s FX Reserves Surge to $41bn Under Tinubu, But Still Lower Than Obasanjo’s $67bn

By Abiola Olawale Nigeria’s foreign exchange (FX) reserves have reached a 44-month high, climbing to $41 billion as of August 19, 2025, according to data from the Central Bank of Nigeria (CBN). According to recent data from the CBN, this milestone reflects a steady accumulation driven by strategic economic reforms, increased oil production, and enhanced…

Trump slaps sanctions on Canadian International Criminal Court judge

The Trump administration slapped a Canadian judge on the International Criminal Court with sanctions as the U.S. State Department continues to push back on the tribunal. The State Department said Wednesday that Kimberly Prost was sanctioned for “ruling to authorize the ICC’s investigation into U.S. personnel in Afghanistan.” The ICC website says Prost has been…

Reprieve as Trump’s half-billion-dollar civil fraud penalty is voided by court

By Obinna Uballa A New York state appeals court on Thursday overturned a civil fraud penalty of more than $500 million imposed on President Donald Trump, ruling that the monetary sanction violated the U.S. Constitution. The Appellate Division of the New York State Supreme Court held that the fine—initially set at $454 million and now…

Ad

By Ken Afor

Atiku Abubakar, the Peoples Democratic Party’s 2023 presidential candidate, has said that he is not a beneficiary of the federal government’s reinstatement of Integrated Logistic Services Nigeria Limited boat pilotage oversight venture.

This trails a notice dated November 30 and signed by Charles Okaga, the Port Manager for the Nigerian Ports Authority (NPA), informing all shipping companies the reinstatement of Intels as the agency’s service boat operation monitoring provider across the pilotage districts.

“This is to kindly inform you that sequel to the Presidential Directives dated 18th August 2023 and the consent Judgment of the Federal High Court, Lagos dated 21st of September 2023, the Authority has extended the Service Boat Operation Contract between it and Intels Nigeria Limited,” according to the notice.

“Further to the above and to support the Authority’s and Federal Government’s drive to increase revenue generation from the Service Boat Operations, Messrs. Intels Nigeria Limited has been directed to resume services immediately. This is in line with the terms of the extended contract contained in the Managing Agency Agreement conveying the scope of Services, in addition to the obligations of the Agent.”

However, some Nigerians have claimed that President Bola Tinubu reinstated the Former Vice President’s business in Intel.

But Atiku, in a statement released on his official Facebook page on Sunday, refuted this claim, saying he sold his shares in Intel to Orlean Investment Group, the parent company of Intels, in January 2021.

According to the former vice president, while admitting that he co-founded the company insisted that he has no business whatsoever with Intels Nigeria Limited as widely alleged.

“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,” he added.

Atiku further said that the suggestion that he is the beneficiary of Intels reinstatement by the government by some Nigerians was merely mischievous.

Ad

X whatsapp