Navy foils attempt to defraud Benin Republic minister of N25bn. *Nabs five crude oil syndicate members

AN attempt by a suspected international crude oil syndicate based in Nigeria to defraud a Minister from the Republic of Benin of over N25 billion under the pretext of selling crude oil to him, has landed five members of the group in trouble.
The five fraudsters, including a former secretary of the
Independent Petroleum Marketers Association of Nigeria, IPMAN, western zone, (name withheld) were arrested in a hotel at Effurun, near Warri, Delta State, while holding a meeting with a delegation from Republic of Benin, sent by the Minister to further discuss the business.   Commander, NNS Delta, Commodore Stephen Kor, confirmed the arrest of members of the syndicate in a briefing, yesterday, in Warri.
He said: “The syndicate specialises in defrauding individuals and companies with fake Nigerian Navy and NNPC letter headed documents for clearance of vessel.”


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