NNPC Denies Selling Refinery Scrap, Warns Public Against Fraudsters
Nigeria’s NNPC Disowns Scrap Sale Reports, Cautions Against Scams
The Nigerian National Petroleum Company Limited has denied claims that it is selling scrap materials from its refineries, warning the public to disregard such information and remain alert to fraudulent schemes. The clarification follows reports of individuals impersonating company officials to promote fake transactions.
False Claims and Company Response
In an official statement issued in Abuja, the national oil company stated that it has not authorised any sale of refinery scrap, equipment, or materials from its facilities. It emphasised that no bids, tenders, or expressions of interest have been issued for such transactions.
/ You Might Also Like /
he company described circulating reports as false and misleading, noting that they are part of attempts to defraud unsuspecting individuals and businesses.
Fraudulent Activities and Impersonation
According to the NNPC, some individuals are posing as agents or representatives of the company, claiming they can facilitate the sale of refinery scrap and related assets. These actors have targeted both private investors and corporate organisations with fraudulent offers.
The company warned that such individuals have no affiliation with NNPC and urged stakeholders to exercise caution when approached with similar proposals.
Advisory to the Public and Stakeholders
NNPC advised the public, industry participants, and corporate entities to ignore any solicitation related to refinery scrap sales. It stressed that any legitimate disposal of assets would follow established procedures and be communicated through official channels.
The company also encouraged victims or those approached by suspected fraudsters to report such cases to law enforcement agencies.
Context: Refinery Operations and Asset Management
The clarification comes amid ongoing scrutiny of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna, which have faced operational challenges and rehabilitation delays.
Despite these issues, NNPC has maintained its position on retaining ownership of refinery assets and pursuing long-term operational viability rather than liquidation or disposal.
Implications for Investors and the Energy Sector
The incident highlights growing risks associated with misinformation and fraudulent schemes in Nigeria’s energy sector. For investors and industry stakeholders, it underscores the importance of verifying transactions through official channels and adhering to due diligence processes.
Maintaining transparency in asset management and communication remains critical to sustaining investor confidence in the oil and gas sector.
NNPC’s denial of refinery scrap sales and its warning against fraudsters reinforce the need for vigilance in high-value sectors.
As fraudulent schemes become more sophisticated, clear communication and regulatory oversight will be essential to protecting stakeholders and ensuring the integrity of Nigeria’s energy market.
READ MORE
