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 over ₦976 million under the fuel subsidy scheme.
In a public notice issued on Friday, the anti-graft agency disclosed that Ogunbambo is on the run after jumping bail while facing trial before a Lagos State High Court. He is accused of fraudulently claiming ₦976,653,110.28 for petroleum products purportedly imported, but which were never delivered.
According to the EFCC, Ogunbambo was being prosecuted alongside Mamman Ali and Christian Taylor—both of whom were convicted and sentenced to 14 years’ imprisonment by the court on May 27, 2025.
“The suspect absconded after being granted bail and has consistently failed to appear in court,” EFCC spokesperson Dele Oyewale stated. He further urged the public not to shield Ogunbambo, but to provide any credible information that may lead to his arrest.
The suspect, described as light-skinned and fluent in English and Yoruba, was last traced to No. 2, Olamijuyuan Crescent, Ikoyi, Lagos.
The commission has called on members of the public with useful information on Ogunbambo’s whereabouts to report to the nearest EFCC office nationwide.
