“Report the incident “: NNPC tells foreign investors how to treat scammers

• The Nigerian National Petroleum Company Limited issued a informing astir scammers posing arsenic the company, targeting overseas businesses and investors
• The warning, issued by NNPCL's Chief Corporate Communications Officer, Mr. Olufemi Soneye, urges the nationalist to beryllium cautious and study immoderate fraudulent activities
• NNPCL emphasised that each morganatic engagements hap strictly done authoritative channels and concern units associated with the company

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Nigerian National Petroleum Company Limited (NNPCL) has warned overseas businesses and investors to beryllium wary of scammers posing arsenic the company.

The wide nationalist is advised to beware of individuals and companies falsely claiming to correspond NNPC Limited. Photo Credit: NNPCL
Source: UGC

The informing was sent retired successful an Abuja announcement by Mr. Olufemi Soneye, its Chief Corporate Communications Officer.

The announcement reads successful part:

“The wide nationalist is advised to beware of individuals and companies falsely claiming to correspond NNPC Limited. Their tactics see soliciting fees for meetings with NNPC’s committee of directors, executives, and absorption staff. These actions are unauthorised and illegal. “Foreign investors and planetary concern entities are particularly urged to stay cautious. If approached, study the incidental to the due authorities immediately.“All morganatic engagements with NNPC Limited hap strictly done authoritative channels oregon concern units only…“NNPC Limited remains committed to transparency, integrity, and the extortion of our stakeholders successful each interactions.“Let’s enactment unneurotic to forestall scams. Stay alert and stock this notice.”

NNPC plans to merchantability shares to Nigerians

This follows the Nigerian National Petroleum Company Limited (NNPC Ltd.) announcing connected Thursday, March 27, 2025, that it is successful the last stages of preparing for an archetypal nationalist offering (IPO), reviving plans to merchantability shares to investors.

However, The Nation reported that conscionable hours aft making the announcement, NNPC Ltd. deleted its societal media posts astir the planned IPO, raising questions astir the timing and certainty of the listing.

In the deleted connection signed by spokesperson Olufemi Soneye, Olugbenga Oluwaniyi, NNPC’s Chief Finance and Investor Relations Officer, was revealed to person made the plans known during a consultative gathering with partners astatine the NNPC Towers successful Abuja.

It was besides revealed that, arsenic portion of regulatory requirements, the institution is conducting an “IPO Beauty Parade” to measure imaginable partners successful 3 cardinal areas: Investor Relations, IPO Readiness Advisory, and Investment Banking.

Oluwaniyi said:

“The institution with the champion connection successful presumption of task concern would beryllium selected for each of the 3 categories.”

NNPC Ltd. has antecedently announced plans for an IPO, including successful 2018 and 2023, but those efforts did not materialise owed to marketplace conditions and interior restructuring challenges.

Foreign investors and planetary concern entities are particularly urged to stay cautious. Photo Credit: NNPCL
Source: UGC

The company, which became a commercialized entity successful 2022 nether the Petroleum Industry Act (PIA), is required to database its shares successful enactment with the Companies and Allied Matters Act (CAMA) 1990.

Vanguard reports that analysts accidental NNPC Ltd. indispensable fortify its fiscal presumption to pull investors by improving transparency, reducing debt, and maintaining affirmative currency flow.

NNPC acquires 15% shares successful company

Legit.ng reported that the Nigerian National Petroleum Company Limited (NNPC), via its subsidiary, NNPC Gas Marketing Limited, has acquired a 15% involvement in Starzs Gas’ 2 cardinal modular cubic feet per compressed earthy state parent presumption successful Ughelu, Delta State.

As portion of the partnership, NNPC has agreed to warrant state proviso to the installation connected a competitory pricing model.

It volition let its logo to basal alongside Starzs Gas to amusement the partnership.

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Source: Legit.ng