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 over ₦976 million through bogus oil subsidy claims.
According to the EFCC, Ogunbambo was on trial at the Lagos State High Court but vanished after securing bail.
The Commission said the fraud involved Nine Hundred and Seventy-Six Million, Six Hundred and Fifty-Three Thousand, One Hundred and Ten Naira, Twenty-Eight Kobo (₦976,653,110.28).
His co-defendants in the case, Mamman Nasir Ali and Christian Taylor, were convicted and sentenced to 14 years in prison each on Tuesday, May 27, 2025.
Ogunbambo, who is described as light complexioned and fluent in English and Yoruba, was last known to reside at 2 Olamiyuyan Crescent, Ikoyi, Lagos.
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The EFCC is urging members of the public with any useful information regarding his whereabouts to contact any of its zonal offices in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, or Abuja.
The commission can also be reached through the hotline +2348093322644 or via email at info@efcc.gov.ng.
