Beware! Fraudsters Using our Name to Defraud Investors- NNPCL

Nigerian National Petroleum Company Limited (NNPCL) has warned local investors and foreign businesses about the activities of fraudsters falsely claiming to represent the company.

The state-owned company said the impostors are reportedly soliciting illegal fees under the guise of arranging meetings with the new NNPC board members, executives, and management.

The disclaimer comes following the change of the NNPCL board.

On April 2, 2025, President Bola Tinubu appointed a new 11-member board with Engineer Bashir Bayo Ojulari as the Group Chief Executive Officer (GCEO) and Ahmadu Musa Kidano as executive chairman.

In a statement signed on Monday by Olufemi Soneye, chief corporate communications officer, NNPC, t said the practice of soliciting fees is completely unauthorised and unlawful.

NNPCL said, “The general public is advised to beware of individuals and companies falsely claiming to represent NNPC Limited.

“ Their tactics include soliciting fees for meetings with the NNPC board of directors, executives, and management staff. These actions are unauthorised and illegal.

“Foreign investors and international business entities are especially urged to remain cautious. If approached, report the incident to the appropriate authorities immediately.”

The company clarified that engagements with its boards or executives must follow official channels in line with company policy.

The oil giant said, “All legitimate engagements with NNPC Limited occur strictly through official channels or business units only.

“For further enquiries, please contact us at contactus@nnpcgroup.com.

“NNPC Limited remains committed to transparency, integrity, and the protection of our stakeholders in all interactions.”

The company called for public cooperation to prevent scammers from defrauding investors.