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Almost 100% Of Documents In Crude Sale Transactions Are Not Original – NNPC

nnpcimagesThe Nigerian National Petroleum Corporation (NNPC) has issued a stern warning to oil buyers that about 98% of all documents involved in the sale of crude oil were not original.

This disclosure was made by the corporation’s Group General Manager, Crude Oil Marketing Division, Mele Kyari sometime this week.

He said, “The entire public should know that the NNPC doesn’t do business of crude oil marketing from hotel rooms.”

He said, “Already, this massive collaboration with security agencies is paying off. Some arrests have been made while, on our part, we assist the security agencies by providing evidence in the course of their prosecution.”

“There are very high standards we have set and if you don’t meet them, you cannot be our customer. And once you become our customer, we sign a single annual contract with you.
“The beauty of selling crude oil is that the moment we sell the crude oil cargo to you, the entire world knows that cargo X is with Mr. Y. So you see, you don’t have to scavenge for who buys your crude.”

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