The Nigerian National Petroleum Company Limited (NNPCL) denied allegations that it imported 200 million litres of Premium Motor Spirit (PMS) in February 2025. In a statement issued by Olufemi Soneye, Chief Corporate Communications Officer of NNPCL, the company described the report as “completely false, baseless, and reckless misrepresentation of facts.”
According to Soneye, the report was either the result of “lazy and unprofessional journalism” or a “deliberate, sponsored attempt by economic saboteurs to mislead the public.” He emphasized that NNPCL has not imported a single litre of PMS in 2025.
NNPCL also clarified that it does not regulate the import operations of private marketers, stressing that it is irresponsible to ascribe all petrol import to NNPCL. Soneye noted that while NNPCL is yet to import petrol this year, nothing prevents it from doing so if necessary.
The company emphasized its commitment to ensuring energy security in Nigeria. Soneye stated that should any supply shortages arise, NNPCL retains the full right and responsibility to step in and import to stabilize the market.
NNPCL warned that misinformation of this magnitude does a grave disservice to the public, distorts market realities, and misleads key stakeholders. The company vowed to take all necessary legal measures to hold accountable those responsible for fabricating and disseminating falsehoods about its operations.
Soneye urged media organizations to uphold journalistic integrity by verifying facts before publishing misleading narratives. He emphasized that NNPCL remains committed to transparency and will not be swayed by attempts to manipulate public perception.
