Atiku Holds Minority Shares In Intels, Sold Part Of It To Tinubu – This Day

Intels is Nigeria biggest oil and gas logistics service provider, with its operational headquarters in Onne.

It was set up three decades ago by Volpi and former Vice-President Atiku Abubakar who has always held a minority stake in the firm.

The former vice-president held a 17.2 per cent stake in Intels, which he whittled down after he sold part of his stake to former Lagos State governor and National Leader of the All Progressives Congress (APC) Bola Tinubu.

Atiku is often erroneously reported in the media that Intels belongs to Atiku Abubakar. But he has always been a minority shareholder in the company. Until recently, he had a 17.2 per cent stake in Intels, but even that was whittled down when he sold part of his stake to Asiwaju Bola Tinubu, explained a company source recently.

Share on:  Whatsapp  Twitter  Facebook