The Nigerian National Petroleum Corporation (NNPC) has warned unsuspecting buyers that it does not sell crude oil from hotel rooms.
In a statement on Sunday, Ndu Ughamadu, spokesman of the corporation, said fraudsters have continued to lure their victims with higher discount offers on cargo, offers of non-OPEC crude specification, crude allocation, presentation of crude oil sale letters while conducting such businesses from hotels.
He said NNPC only sells crude to buyers after it has advertised it and due process followed.
“NNPC doesn’t sell crude oil from hotel rooms as done by scammers,” the statement read.
“Some of them even go to the extent of luring their victims to hotels to transact these fraudulent crude oil contracts. The entire public should know that NNPC doesn’t do the business of crude oil marketing from hotel rooms.
“There are very high standards we have set and if you don’t meet them, you cannot be our customer. And once you become our customer, we sign a single annual contract with you.”