The Group Executive Director, Nigeria National Petroleum
Corporation (NNPC), Mr Mele Kyari, has warned bidders of oil products to beware
of fraudsters.
Kyari gave the warning to the 128 bidders of the 2017 Direct
Sale Direct Purchase (DSDP) programme; a programme introduced in 2016 to
replace crude-for-oil-products.
"The issues about fraudsters in this industry,
particularly in crude oil and gas transactions are so enormous.
"Every day we receive some form of communication,
people wanting to know if there is a group that wants to sell something to
them.
"All kinds of things that we come across. For the
avoidance of doubt, NNPC does not allocate off-spec crude. It does not exist.
"There is nothing like off-spec crude, which is what
you see in many documents that are flying around," Kyari warned.
He further warned that the corporation does not have joint
crude oil and gas allocation with any company.
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