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Petroleum agency wary of fake trade authorisation letters

07 October 2014, 06:58Augustine Osayande

Abuja - The management of the Nigerian National Petroleum Corporation (NNPC) has alerted the public about the circulation of fake letters of authorization purportedly from the organisation to trade in crude oil.

The corporation, in a statement by Ohi Alegbe, the Group General Manager: Public Affairs called on members of the public to be wary of persons with fraudulent intents circulating letters authorizing the lifting of Bonny Light crude oil from Nigeria.

“We hereby confirm that the Nigerian National Petroleum Corporation (NNPC) has entered into Contractual arrangements directly with LAVI INTERNATIONAL CORP, to supply Bonny Light Crude Oil to the Lavi International Corp Associated Refineries and or Global Traders," NNPC stated.

"and that the LAVI INTERNATIONAL CORP, has the power and authority to sell or otherwise deal with the Bonny Light Crude Oil, the subject of those contractual agreements,” part of the statement read.

Also Read: N700bn lost to 5-day strike by oil workers
The corporation also stated that MESSRS LAVI INTERNATIONAL CORP was not one of its crude oil off-takers for the 2014-2015 Term Contract Period and therefore has not been allocated any crude oil volume as speculated in the fake letter of authorization.

It noted that the list of local and international companies duly approved as NNPC’s crude oil off-takers for the 2014-2015 Term Contract Period had been widely publicized.

NNPC thus called on members of the public to avail themselves of such information to avoid being duped by unscrupulous elements.

“Meanwhile, we are working closely with relevant security agencies to track and bring to book all those behind these nefarious activities” Alegbe said.

- CAJ News

Tags nnpc fraud

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