Oil business is not for the faint-hearted.

If you cannot absorb the shock from the deceit and heart break of fake documents that circulate during transactions, you’d better find yourself another line of business.

Almost every document used during crude oil transaction in Nigeria is fake.

And this is coming from the horse’s mouth, the only government agency charged with the responsibility of selling nigeria’s crude oil – the Nigeria National Petroleum Corporation, NNPC.

The situation is so bad that the corporation raised alarm on Sunday, cautioning unsuspecting would-be crude oil buyers to be mindful of the activities of local and international fraudsters in the oil and gas sector.

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Providng insights into the modus operandi of the conmen, the NNPC’s Group General Manager, Crude Oil Marketing Division, Mr. Mele Kyari, said the corporation had no habit of selling crude oil from hotel rooms as done by the scammers.

He stated that the good thing in all the unwholesome development was the fact that the NNPC documents had not leaked and stressed that nearly 98% of all the documents involved were forced by scammers.

Kyari, however, noted that in line with the Federal Government’s anti-corruption crusade and corporation’s commitment towards promoting transparency and accountability, the NNPC had been collaborating with relevant security agencies such as the Nigeria Police Force, the Department of State Services and the Economic and Financial Crimes Commission to check the fraudsters.