Former Vice President, Atiku Abubakar has sold his shares in Integrated Logistic Services (INTELS) to Orleal Investment Group, the parents company of Intels, for various amounts totalling over $100 million in the deal that spanned two years.
Intels spokesman, Tommaso Ruffinoni disclosed this to THISDAY during the weekend.
He disclosed that Atiku was no longer a shareholder of the country’s largest logistics company which provides comprehensive integrated services for the nation’s oil and gas industry.
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According to the report, Atiku sold his interests through a series of transactions executed by his family Guernsey Trust, in deals that began in December 2018 and concluded last year, and was paid the sum of $60 million, $29 million $24.1 million in three instalments.
He further said that Atiku’s two sons, Adamu Atiku Abubakar and Aminu Atiku Abubakar have also ended their working relationship with the organisation.
Analysts believed that with that amount of money, Atiku may be ready for another presidential bid.
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