Nigeria’s largest logistic comany, Integrated Logistic Services (INTELS) Nigeria Limited, on Monday said it had severed ties with former Vice President Atiku Abubakar, and his family who was one of its major shareholders.
Spokesman of the company, Mr Tommaso Ruffinoni, said in a statement that Atiku exited the company with his family as of December last year.
This Day report that Atiku through his trust named Guernsey Trust International sold shares of Orlean-Invest Group, Intels parent company.
It was learned that the payment was paid in three installments $60 million, $29 million $24.1 million when total it amounts to $100 million when converted to naira the money is close to N40billion.
Mr. Ruffinoni also said that Atiku’s two children working with the company, Mr. Adamu Atiku Abubakar and Mr. Aminu Atiku Abubakar, have ended their working relationship with the organization.
The former vice president had in 2015, described Intel’s as his most successful business.
Before venturing into politics, Atiku was a successful businessman, but his position as Nigeria’s number two man between 1999 – 2007, further boosted his profile due to what many say is a result of political patronage.
The former vice president’s investment portfolio spans across various sectors which include food and beverages, oil and gas, agriculture, education, media, logistics, hospitality, property and haulage.