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    NNPC Refutes Allegations of Refinery Scrap, Equipment Sale

    Olu AnisereBy Olu AnisereApril 24, 2026Updated:April 24, 2026No Comments2 Mins Read
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    NNPC Refutes Allegations of Refinery Scrap Equipment Sale
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    NNPC Refutes Allegations of Refinery Scrap, Equipment Sale

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.

    Mr Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd., in a statement on Friday said it had not issued any request for bids, tenders, expressions of interest or approvals for the sale of scrap materials and refinery components.

    “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 said for the avoidance of doubt, 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. CBN Hikes ATM Issuance Fee, Cancels Maintenance Charges

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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