Nigeria’s state oil coy to automate its direct sale, direct purchase crude scheme to ensure transparency
*Raises the alarm on crude oil fraudsters…
Nigeria’s state oil company, the Nigeria National Petroleum Corporation (NNPC), has indicated plans to automate its crude oil for product exchange scheme, known as direct-sale – direct-purchase (DSDP), to ensure transparency, just as it has raised the alarm on international crude oil fraudsters.
According to Mele Kyari, group general manager in charge of the corporation’s crude oil marketing division (COMD), the idea is to
guarantee an end-to-end access to the DSDP programme online for relevant stakeholders.
This he said would monitor the process from the point of crude oil allocation to conversion, return of products to the country and distribution by the Nigerian Products Marketing Company (NPMC) to the ultimate transfer of the naira cash into the Federation Account.
He said though some form of automation of the process exists at the moment, the new programme, which would be delivered by next month would provide insight into the minutest details of the entire transaction.
The NNPC has also raised the red flag on the activities of conmen who specialize in circulating phantom letters of crude oil allocation with the intent of defrauding unsuspecting would-be buyers or members of the public.
Speaking at the presentation of commendation letters to 12 staff of the crude oil marketing division of the corporation in Abuja, Maikanti Baru, group managing director, said the activities of the international fraudsters created an unnecessary distraction for staff of the COMD who were compelled to deal with huge turnover of scam mails on a regular basis.
He urged members of the public to be wary of such dubious emails purporting to emanate from the Corporation with mouth-watering crude oil allocation offers.
Providing an insight into the activities of the nefarious group, Kyari, said the scammers function by sending fake crude oil allocation letters using names of senior NNPC officials as decoy and requesting the gullible individuals to pay certain cash deposits as commission on volume of crude received.
“The gullible individuals end up paying huge sums of dollars into these accounts as commission but the reality is that nobody allocates crude oil on a piece of paper the way the scammers canvass in their dubious letters. Everything about crude sale is electronic and real time. If you have your cargo the whole world knows,” Kyari said.
To tackle the challenge, the COMD has made available the email contacts of its top officials thus allowing members of the public access to verify such emails.