Nigeria’s oil and gas logistics giant, Intels Nigeria Limited, has said that its business has not been hindered by political influences from the present government.
Intels had on Monday severed ties with its former shareholder, former Vice President Atiku Abubakar, after the latter sold his interests in Intels’ parent company, Orlean Invest Holding.
The former Vice President blamed President Muhammadu Buhari’s administration of trying to destroy the company because of political differences.
But the company in a statement by its spokesman, Tommaso Ruffinoni, said its decisions had been devoid of political considerations.
It said the company’s decisions have been devoid of political considerations as it “has always operated according to market logic”.
A full copy of the statement obtained by The Heritage Times reads:
“Intels Nigeria Limited and with its parent company Orlean Invest Holding in relation to some statements that appeared in the press yesterday and today, categorically denies 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 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.”
