Atiku sold part of his ownership of Intels to Tinubu: Thisday report

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A ThisDay newspaper article published in October 2017 indicates that PDP presidential candidate, Atiku Abubakar is only a minority shareholder in Intels, an oil logistics firm managing the Onne Port, contrary to common assumption. The report also disclosed that Atiku has sold part of his ownership to former Lagos State Governor, Bola Tinubu.

The last two paragraphs of the article read:

“Intels is Nigeria’s 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.

Company sources informed Thisday that until recently, 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.

It 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.”


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