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‘Atiku Sold His Shares, Collected $5.4m Balance’ – Intels

Tuesday, 5 January 2021

Atiku Sold His Shares, Collected $5.4m Balance From Us – Intels
People’s Democratic Party Presidential candidate, Atiku Abubakar

Intels Nigeria Limited has shed more light on the relationship cut off between its company and former Vice President, Atiku Abubakar.

The company made this clarification in a statement made available to newsmen on Monday.

The Company explained it severed association with the politician who was one of its major shareholders after he sold shares of Orlean-Invest Group, Intels’ parent company, between December 2018 and January 2019, for approximately $60m.

Also Read: Atiku Sells Off Shares In Intels, Accuses Buhari Of Destroying His Business

Recall that the former vice president blamed President Muhammadu Buhari-led administration for his decision to sell his shares in Intels.

The company revealed in the statement titled, ‘Intels severs ties with Atiku’, on Monday, that Atiku had received his balance of $5.4m.

The statement signed by Intels spokesman, Tommaso Ruffinoni, alleged that Atiku owed the company $24.1m before converting his shares.

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via: Information Nigeria

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