Connect with us

    Hi, what are you looking for?

    News

    EFCC Declares Fargo Petroleum MD Wanted Over ₦976 Million Oil Subsidy Fraud

    Economic and Financial Crimes Commission has declared the Managing Director of Fargo Petroleum and Gas Limited, Seun Ogunbambo, wanted for allegedly defrauding the Federal Government of N976.65 million through bogus oil subsidy claims.

    The EFCC made the announcement in a public notice issued on Friday, describing Ogunbambo as a fugitive from justice after he reportedly jumped bail and disappeared while standing trial before a Lagos State High Court.

    According to the notice signed by the Head of Media and Publicity for the commission, Dele Oyewale, Ogunbambo was facing prosecution alongside co-defendants, Mamman Ali and Christian Taylor, who were convicted and sentenced to 14 years imprisonment each by the court on Tuesday, May 27, 2025, for their roles in the scam.

    “The suspect vanished after being granted bail and has since failed to appear in court,” the EFCC said, warning the public against shielding him.

    The alleged subsidy scam involves N976,653,110,28, which the EFCC said was fraudulently claimed as payment for petroleum products that were never delivered.

    Ogunbambo, described as light complexioned and fluent in both English and Yoruba, was said to have last been traced to 2, Olamijuyuan Crescent, Ikoyi, Lagos.

    The commission called on anyone with information about his whereabouts to report to its offices in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo or Abuja.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Opinion

    By Ursula Fear, Senior Talent Program Manager at Salesforce The conversation about AI and the workforce has been dominated by one word: replacement. However,...

    News

    Federal Government has described as false, baseless, despicable and divisive reports claiming that terrorists operating in Nigeria are engaged in a systematic genocide against...

    World

    Cuba has announced the death of Assata Shakur, the American-born Black militant who lived as a fugitive for more than four decades after her...

    News

    Russia has carried out one of the largest aerial attacks of the war on Ukraine, firing over 600 drones and missiles in a coordinated...