The Economic and Financial Crimes Commission (EFCC) has declared Mr. Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas Limited, wanted for his alleged involvement in a massive oil subsidy scam amounting to ₦976,653,110.28 (Nine Hundred and Seventy-Six Million, Six Hundred and Fifty-Three Thousand, One Hundred and Ten Naira, Twenty-Eight Kobo).
In a public notice issued by the anti-graft agency, Ogunbambo is accused of defrauding the Federal Government of Nigeria through bogus fuel subsidy claims. The EFCC disclosed that the suspect was already standing trial before the Lagos State High Court before mysteriously disappearing after being granted bail.
Ogunbambo’s co-defendants, Mamman Nasir Ali and Christian Taylor, were both found guilty and sentenced to 14 years in prison on Tuesday, May 27, 2025.
The EFCC described Ogunbambo as light complexioned and fluent in both English and Yoruba languages. His last known address is 2 Olamiyuyan Crescent, Ikoyi, Lagos.
Authorities are appealing to members of the public who may have useful information about his whereabouts to contact the EFCC offices in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, and Abuja. Information can also be shared through the commission’s hotline at +2348093322644 or via email at [email protected]. The nearest police station may also be contacted.
The notice was signed by Dele Oyewale, Head of Media & Publicity, EFCC.
