The Economic and Financial Crimes Commission (EFCC) has declared Seun Ogunbambo, Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the Nigerian government of N976,653,110.28 through a fraudulent oil subsidy claim.
In a statement released via its official X handle and signed by its Head of Media and Publicity, Dele Oyewale, the EFCC revealed that Ogunbambo absconded while standing trial at the Lagos State High Court after being granted bail.
His co-accused, Mamman Nasir Ali and Christian Taylor, were not so lucky—they were convicted and sentenced to 14 years in prison each on May 27, 2025.
The EFCC’s notice reads:
“Mr. Seun Ogunbambo, Managing Director of Fargo Petroleum and Gas Limited, is wanted by the Economic and Financial Crimes Commission, EFCC, for allegedly defrauding the federal government of Nigeria in bogus oil subsidy claims to the tune of Nine Hundred and Seventy-Six Million, Six Hundred and Fifty-Three Thousand, One Hundred and Ten Naira, Twenty-Eight Kobo (N976,653,110.28).”
Ogunbambo, described as light complexioned and fluent in English and Yoruba, was last seen at his residence located at 2 Olamiyuyan Crescent, Ikoyi, Lagos.
The anti-graft agency urged anyone with useful information about his whereabouts to contact any of its zonal offices or the nearest police station. Tips can also be sent via phone at +2348093322644 or email at info@efcc.gov.ng.
