NNPCL Disclaims Fake Financial Scheme, Says it’s Scam, Urges Public to Beware

The Nigerian National Petroleum Company Limited (NNPCL) has disclaimed a fraudulent financial scheme falsely linked to the company, warning Nigerians to be cautious of scammers attempting to exploit its name and reputation for illicit gain.

In a statement released on Wednesday, the state-owned energy firm denied any affiliation with the scheme, which has been circulating widely across social media, messaging apps, and unauthorized websites.

The fraudulent scheme allegedly promises members of the public high investment returns under the guise of a “wealth distribution program” or “community investment opportunity” associated with NNPCL.

NNPCL described the claims as entirely false, deceptive, and a calculated attempt to defraud unsuspecting Nigerians. The company emphasized that it is not running, endorsing, or affiliated with any financial investment platform or public partnership program as described in the advertisements.

“This is to inform the general public that the Nigerian National Petroleum Company Limited has not initiated or authorized any financial investment scheme or business opportunity as currently being advertised by certain individuals or groups online,” the statement read. “Any claim suggesting otherwise is false, misleading, and intended to defraud the public.”

NNPCL urged the public to verify all messages, websites, or individuals claiming to represent the company through its official channels, including its website and verified social media handles. It also warned against sharing personal or financial information with unknown or unofficial sources.

The company noted that it is working in collaboration with law enforcement agencies and cybercrime units to trace the source of the scam and bring those responsible to justice. It assured Nigerians that it remains committed to transparency, accountability, and public trust.

Instances of similar scams targeting prominent public and private organizations have been on the rise, often using sophisticated techniques to create fake websites, emails, and documents. Experts have advised members of the public to exercise increased caution and avoid falling prey to investment offers that seem too good to be true.

NNPCL advised anyone who has been contacted or defrauded by the scam to immediately report the incident to the Nigerian Police Force or the Economic and Financial Crimes Commission (EFCC) for appropriate action. It also called on media outlets and community leaders to help spread awareness and prevent further victimization of unsuspecting citizens.