In a renewed crackdown on economic crimes, the Economic and Financial Crimes Commission (EFCC) has declared Mr. Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the Nigerian government of over ₦976 million in bogus oil subsidy claims.
According to a public notice issued by the EFCC, published on the agency’s official Facebook page, Mr. Ogunbambo is alledgedly facing charges for orchestrating fraudulent subsidy payments 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).
The suspect, who was standing trial before a Lagos State High Court, reportedly jumped bail and disappeared, leaving law enforcement agencies scrambling to locate his whereabouts. His alleged accomplices, Mamman Nasir Ali and Christian Taylor, were convicted and sentenced to 14 years imprisonment each on May 27, 2025, in relation to the same case.
The agency is urged members of the public with any useful information regarding Mr. Ogunbambo’s whereabouts to report immediately. Citizens can contact EFCC offices across Nigeria in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, and Abuja.
Alternatively, information can be relayed via:
Hotline: +2348093322644
Email: info@efcc.gov.ng
Website: www.efcc.gov.ng
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