According to report, there are documents revealing how the Presidential Candidate of the Peoples Democratic Party, PDP, Atiku Abubakar allegedly bribed the Chairman of the party, Uche Secondus with board membership of his company, Intels Nigeria Limited [INL], to secure the party’s ticket.
The documents in our possession reveal that Intels, currently in a contract with the Nigeria Ports Authority[NPA], reportedly earns a whopping N300 billion annually.
The documents gotten by our correspondent contain CAC records that reveal the changes made and the Timing.
BOARD OF DIRECTORS
The latest financial statements of Intels for the year 2017 show the board of directors as:
Nasir Ado Bayero, Chairman
Prince Uche Secondus, Director
Volpi, Director
Andrea Caroll, Director
Meanwhile, Orlean Invest holdings, the mother company which has Intels as a subsidiary has on its board:
Atiku Abubakar
Carillo
Volpi
Gian Angelo Perrucci and,
Miskovic.
[See the full documents attached Below]
NPA’S CONTRACT WITH INTELS ENDS IN 2020
PoliticsNGR learned that the NPA contract will end next year, 2020, and would not be renewed.
According to a source, “this is Atiku’s main driver for this election. The source revealed; “He gave Secondus and Wike Intels shares to secure the PDP ticket. Atiku rolled in billions year in year out from 2010 when the 28 per cent deal was signed.
Atiku is now reportedly keen on keeping this sweet deal beyond 2020 when the deal expires. President Muhammadu Buhari, with the introduction of Treasury Single Account (TSA) and the revelation of the adjustments, will not renew Intels contract.
CAC documents reveal that Secondus is now on the board of Intels. [See especially page 24 of the attached report which is reproduced below.]
Intels is owned by Atiku who has the largest share. INL is allowed to collect revenue on behalf of NPA.
From 20 per cent it went up to 28 per cent. Intels later wanted their commission increased to 35 per cent but that was rejected by the Federal government.
