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Home National News

NNPC Ltd. Refutes Allegations of Refinery Scrap, Equipment Sale, Warns of Fraudulent Agents 

by Admin
April 24, 2026
in National News
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NNPC Says Price Benchmark for 2024 Budget Realistic; Puts OPEC Quota at 1.78mbpd

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Bashir Bayo Ojulari GCEO NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially debunked reports claiming it is selling off scrap materials, equipment, or components from its refineries to private individuals and companies.

In a statement released on Friday, Mr. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. characterised the reports as “false and misleading,” emphasising that no such disposal of national assets is currently authorized.

“The Company wishes to categorically state that this information is untrue.

“NNPC Limited has not issued any request for bids, tenders, expressions of interest, or approvals for the sale of scrap materials, refinery components, or any items from the warehouses or inventories of any of its refineries.

“NNPC Limited has also received reports that certain individuals are falsely presenting themselves as representatives or agents of the company, claiming to facilitate the sale of so-called “scrap metals” or refinery equipment.

“These individuals are not authorised by NNPC Limited and are attempting to mislead members of the public,” he said.

Odeh, therefore advised the public, corporate organisations, and industry stakeholders to disregard any such claims or solicitations and to exercise caution in dealing with anyone making such representations.

He clarified that the NNPC Limited was not conducting, nor had it authorised, any sale of scrap metals, equipment, or refinery components from any of its facilities.

The NNPC imagemaker said any legitimate disposal of assets by the company would only be conducted through established and transparent processes, publicly communicated through its official channels and in accordance with applicable regulations.

“Members of the public who encounter individuals or entities making such claims are encouraged to report them to the appropriate law enforcement authorities.

“NNPC Limited remains committed to transparency, accountability, and the responsible management of national energy assets,” he said.

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