Saturday, July 11, 2026

Intels refutes Atiku’s business sabotage claims

The company says “The ongoing contradictions are part of a natural commercial divergence [with government], which will hopefully be resolved.”

• January 5, 2021

Intels Nigeria Ltd., an oil and gas logistics company, on Tuesday said its business has not been hindered by political influences from the present government, contrary to claims by its erstwhile major shareholder, former vice-president Atiku Abubakar.

The company had on January 4, Intels announced that it had severed ties with Mr. Abubakar, after the latter sold his interests in Intels’ parent company, Orlean Invest Holding.

The transactions were executed through Guernsey Trust, in deals that began in December 2018 and concluded in 2020.

However, Mr. Abubakar, who confirmed his divestment from the company, blamed President Muhammadu Buhari’s administration for trying to destroy the company because of political differences.

The spokesman for Intels Nigeria Limited–Orlean Invest Group, Tommaso Ruffinoni, said the company’s decisions had been devoid of political considerations as it had always operated according to market logic.

“Intels Nigeria Limited and its parent company, Orlean Invest Holding, in relation to some statements that appeared in the press yesterday and today, categorically deny that its business has at some time been hindered by political influences from the current government.

“The company has always operated according to market logic, thanks to its history and commitment to the development of the Nigerian economy in the oil and gas logistics sector.

“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 company said in a statement released in Lagos.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Police

NationWide

Focus on criminals, stop targeting journalists, CPJ tells Nigerian security agencies

She also pointed out harsh bail requirements imposed on journalists, describing Mr Ugagbe’s bail conditions as “utterly punitive.”

Federal Polytechnic Nasarawa

Education

Tinubu upgrades Nasarawa poly to university

Mr Onanuga said the approval followed a proposal by Senator Ahmed Aliyu, who represents the Nasarawa West Senatorial District.

Motor Vehicle Administration Agency (MVAA)

Lagos

Lagos govt signs agreement to automate vehicle registration

Mr Osiyemi said the initiative would simplify and speed up vehicle registration by eliminating cumbersome processes.

Collapsed building

States

Three rescued, one body recovered as building collapses in Kano

The PRO attributed the collapse to the use of poor and substandard building materials.

Justice Lateef Fagbemi

NationWide

FG calls for stronger African collaboration to combat illicit wealth, transnational corruption

Mr Fagbemi added that the recovery and transparent management of proceeds of crime remained a key pillar of the country’s anti-corruption policy.

Nigerians alighting from Air Peace plane from South Africa.

Heading 2

FG reiterates commitment to ensuring safe return of Nigerians from South Africa

“The last evacuation flight, which is expected to bring home approximately 300 of our nationals, is expected to arrive in Nigeria next week,” Mr Ebienfa said.