Former Vice President Atiku Abubakar has suffered a terrible business blow in the hands of the federal government led by President Muhammadu Buhari.
This is as the President has terminated the contract won by Integrated Logistics Services (Intels) to carry out the restoration of the boat pilotage for the Nigerian Ports Authority (NPA).
It was gathered that Intels, which is partly owned by Abubakar and an Italian national, Gabriele Volpi, won the pilotage contract in January 2021.
President Buhari it was learnt cancelled the contract following legal advice from the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).
According to report, Director-General, Bureau of Public Procurement (BPP), and Acting Director-General, Infrastructure Concession and Regulatory Commission (ICRC) also advised the president on the matter.
In a letter dated January 7, 2022, and signed by the Chief of Staff to the President, Ibrahim Gambari, President Buhari directed the termination of Intels contract with the NPA.
Buhari’s letter addressed to Malami and the Minister of Transportation, Rotimi Amaechi, directed that the procurement process initiated by NPA be forwarded immediately to the BPP for action within 60 days to avoid further loss of revenue.
The President added that the Ministry of Transportation should present a memorandum on the procurement process to the Federal Executive Council (FEC) for consideration.
He, however, directed the NPA to ensure that the sanctity of the agreements with respect to Onne 4 (Berths 9, 10 & 11) be maintained, as there is no subsisting contract with Intels for their utilisation.