98 Percent of documents in crude sale transactions fake — NNPC

The Nigerian National Petroleum Corporation on Sunday announced that about 98 per cent of all documents involved in the sale of crude oil were fake. It cautioned unsuspecting would-be crude oil buyers to be mindful of the activities of local and international fraudsters in the oil and gas sector.

Proving insights into the modus operandi of the conmen, the NNPC’s Group General Manager, Crude Oil Marketing Division, Mr. Mele Kyari, said the corporation had no habit of selling crude oil from hotel rooms as done by the scammers.

He stated that the good thing in all the unwholesome development was the fact that the NNPC documents had not leaked and stressed that nearly 98 per cent of all the documents involved were produced by scammers.