The management of Integrated Logistics Services Limited (Intels) has issued a statement to deny the claims by former Vice President Atiku Abubakar that he was forced to divest his shares from his former company due to his political persuasion.
The company said that Atiku’s exited from the company is strictly for economic reasons and not political persecution as claimed by the former Vice-President of Nigeria.
The statement by the company’s spokesperson, Tommaso Ruffinoni denied Atiku’s claim that the company is witnessing a major business set back because of the stance of the government of President Muhammadu Buhari against it.
Mr. Ruffinoni, while denying that its business has at some time been hindered by political influences from the current government, said that the company parted ways with the former Vice President based on “market logic,” adding that the decision to end their relationship was due to “irreconcilable strategic differences.”
“The ongoing contradictions are part of a natural commercial divergence, which will hopefully be resolved, as in the past, by a new approach, in the interest of all the parties, also according to the social role that Intels plays in the country.
“The severance from the world of Atiku Abubakar was an economic decision, in the exclusive interest of the company, and to irreconcilable strategic differences with the new governance structure of the Intels – Orlean Invest Group,” the statement said.
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