Skip to content
October 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • NNPC Ltd. Refutes Allegations of Refinery Scrap, Equipment Sale, Warns of Fraudulent Agents 
  • National News

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

Admin April 24, 2026

NNPC Limited logo

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.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link

Post navigation

Previous “Let There Be Teachers”: Education Stakeholders Mobilise 200,000 Teachers For National Reform Drive
Next NDLEA apprehends 216 suspected drug peddlers in Cross River

Related Stories

Troops rescue kidnapped victim, recover N10m ransom in Kano
  • National News

Troops rescue kidnapped victim, recover N10m ransom in Kano

October 17, 2026
NGO investigates rise in aggressive breast cancer among women in Northeast infertility
  • National News

NGO investigates rise in aggressive breast cancer among women in Northeast

October 17, 2026
WORLD SINGING DAY: Peter Obi Media celebrates Obi-Kwankwaso singers worldwide  Kwankwaso and Peter Obi
  • National News

WORLD SINGING DAY: Peter Obi Media celebrates Obi-Kwankwaso singers worldwide 

October 17, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

EXPLAINER: FG explains NLNG disbursement; dismisses Makinde’s claim Group knocks Oyo APC
  • Business & Economy

EXPLAINER: FG explains NLNG disbursement; dismisses Makinde’s claim

October 18, 2026
Opportunity to Expansion: How Fidelity Bank FundHer Drove Akara Café’s Next Chapter Fidelity Bank
  • Business & Economy

Opportunity to Expansion: How Fidelity Bank FundHer Drove Akara Café’s Next Chapter

October 18, 2026
Lagos Task Force Arrests Dismissed Operative for Impersonation and Extortion prevention guild
  • Commentaries

Lagos Task Force Arrests Dismissed Operative for Impersonation and Extortion

October 18, 2026
Peter Obi Media to Shettima: You failed as governor of Borno state
  • Politics

Peter Obi Media to Shettima: You failed as governor of Borno state

October 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.