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Fake Contracts: Upstream Regulator Cautions Stakeholders Against Patronising Fraudsters

Nse Anthony-Uko by Nse Anthony-Uko
4 months ago
in Business
FAKE
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has issued a strong warning to oil and gas stakeholders against engaging fraudsters parading fake contracts in the sector.

The commission, stated on Monday that unscrupulous individuals are using tactics such as name-dropping and misinformation on social media to deceive members of the public, do so with the sole intention of extorting money from them and are hereby warned to desist from such acts.

“To set the record straight, all contract processes at the NUPRC are done transparently and strictly in line with the Public Procurement Act, 2007 and other extant regulations.
“Therefore, anyone who transacts with a third party in order to gain an imaginary undue advantage within the NUPRC does so solely at their own risk,” head, Corporate Communication and Media, Eniola Akinkuotu, stated.
He said the corporation will also use its website – www.nuprc.gov.ng – or local newspapers for tenders to bid.

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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