NNPC Denies Reports of Refinery Scrap Sales

The Nigerian National Petroleum Company Limited has denied reports alleging that it is selling refinery scrap materials, equipment, and components to individuals and private firms, warning that such claims are false and misleading.

In a statement issued on Friday, the company, through its Chief Corporate Communications Officer, Andy Odeh, said it had not authorised any transaction relating to the disposal of refinery assets and urged the public to disregard the circulating information.

The company stated that it has not issued any request for bids, tenders, or expressions of interest for the sale of scrap materials or equipment from any of its facilities, including the Port Harcourt, Warri, and Kaduna refineries.

It added that reports suggesting otherwise are part of a deliberate attempt by fraudsters to mislead members of the public, noting that individuals have been falsely presenting themselves as representatives of the company to facilitate the purported sale of refinery components.

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NNPC said it has received several reports of such activities and warned that those involved are unauthorised and operating outside any official mandate. It stressed that it is not conducting, nor has it approved, the sale of scrap metals, equipment, or refinery components from its warehouses or operational sites.

The company maintained that any legitimate disposal of assets would follow established procedures, including transparent processes and formal public communication in line with regulatory requirements.

It urged members of the public, corporate organisations, and investors to exercise caution and avoid engaging with unsolicited offers relating to refinery asset sales, advising that such approaches should be reported to law enforcement authorities.

The warning comes amid ongoing concerns over the state of Nigeria’s refineries, which have remained largely inactive despite multiple rehabilitation efforts.

The Group Chief Executive Officer of NNPC, Bayo Ojulari, has reiterated that the refineries will be revived as part of efforts to restore domestic refining capacity and reduce reliance on imported petroleum products.

The company reaffirmed its commitment to transparency and accountability, stating that all official transactions involving its assets are conducted through verifiable and regulated channels.