The Economic and Financial Crimes Commission (EFCC) has declared Seun Ogunbambo, Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the Federal Government of Nigeria to the tune of ₦976.65 million through fictitious oil subsidy claims.
In a public notice issued on Friday, the anti-graft agency described Ogunbambo as a fugitive from justice, stating that he jumped bail while standing trial at a Lagos State High Court.
He has since failed to appear in court. According to Dele Oyewale, EFCC’s Head of Media and Publicity, Ogunbambo was being prosecuted alongside Mamman Ali and Christian Taylor in connection with the fuel subsidy scam.
The court, on Tuesday, May 27, 2025, found Ali and Taylor guilty and sentenced them to 14 years in prison each for their roles in the fraudulent scheme. Ogunbambo, however, absconded and has not been seen since.
“The suspect vanished after being granted bail and has since failed to appear in court,” the EFCC said, warning the public against offering him protection or assistance.
The commission emphasized that anyone with information on his whereabouts should contact its offices across the country.
“The fraudulent claim, amounting to ₦976,653,110.28, was allegedly presented as payment for petroleum products purportedly imported into the country but never delivered”, EFCC said.
Described as light complexioned and fluent in English and Yoruba, Ogunbambo was last traced to No. 2, Olamijuyuan Crescent in Ikoyi, Lagos.
The EFCC urged members of the public with useful information to report to any of its offices located in Lagos, Abuja, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, or Uyo.
