Ado Bayero Family Has No Interest Or Stake In Intels, NPA

The Management of the Nigerian Ports Authority states in response to a news report and enquiries that the Ado Bayero family of Kano has no stake of any kind in the port operating firm Intels Nigeria Limited.

Our Managing Director Alhaji Sanusi Lamido Ado Bayero is the first son of the late Emir of Kano, Alhaji Ado Bayero.

Contrary to reports in a major national daily and response to other enquiries, the Nigerian Ports Authority asserts as follows:

1. Neither the late Emir of Kano nor his estate holds any subsisting equity in Intels Nigeria Limited.

2. The Ado Bayero family disposed of the equity interest of the late Alhaji Ado Bayero in Intels Nigeria upon his demise.

3. This transaction was effected over six months before President Goodluck Jonathan appointed the distinguished corporate lawyer Alhaji Sanusi Lamido Ado Bayero as managing director of the Nigeria Ports Authority.

4. Interested persons desirous of truth in public discourse could verify this transaction from the Corporate Affairs Commission or the concerned Intels Nigeria Limited.

5. Alhaji Sanusi Lamido Ado Bayero is committed to best practice standards in corporate governance as he guides the affairs of Nigerian Ports Authority. He would not breach such standards for any reason, given his noble antecedents and experience in company administration.

6. Alhaji Sanusi Lamido Ado Bayero is committed to leading Nigerian Ports Authority to oversee port regulation as a neutral arbiter without bias to any interest or stakeholder.

Signed
Management