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Tag: Atiku Abubakar

We have severed ties with Atiku, family – Intels

We have severed ties with Atiku, family – Intels

Business
Integrated Logistics Services Nigeria Limited (Intels) said it has severed ties with a former Vice-President, Atiku Abubakar, and his family after he sold his stake in the company and exited as a shareholder. The company disclosed that Atiku, President and Co-founder of the logistics firm, sold his share for approximately $60 million last year. Intels confirmed this in a statement made available to The Guardian. Intels spokesman, Tommaso Ruffinoni, in the statement, 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 $60 million. “In the period between April and May 2020, Atiku Abubakar converted his remaining shares into a convertible b...