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 of over ₦976 million in bogus oil subsidy claims.
According to a public notice issued by the EFCC and signed by Dele Oyewale, Head of Media and Publicity, Ogunbambo is accused of orchestrating fraudulent subsidy payments amounting to ₦976,653,110.28.
The suspect was reportedly standing trial at a Lagos State High Court, but absconded after being granted bail.
His co-defendants, Mamman Nasir Ali and Christian Taylor, have already been convicted and sentenced to 14 years imprisonment each on Tuesday, May 27, 2025.
Ogunbambo is described as light complexioned and fluent in English and Yoruba. His last known address is listed as 2 Olamiyuyan Crescent, Ikoyi, Lagos.
The EFCC has urged anyone with useful information on Ogunbambo’s whereabouts to contact the Commission at any of its offices nationwide in Abuja, Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, or Uyo—or to reach out via hotline +2348093322644 or email: [email protected]. The public is also advised to report to the nearest police station or security agency.
