The EFCC has warned the public against harboring him and is urging anyone with information about his whereabouts to report to any of its zonal offices across the country
N976m Oil Subsidy Scam: EFCC Declares Fugitive Fargo Petroleum CEO Seun Ogunbambo Wanted
The Economic and Financial Crimes Commission (EFCC) has declared Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the Federal Government of N976.65 million through fraudulent oil subsidy claims.
In a public notice released on Friday, the anti-graft agency described Ogunbambo as a fugitive from justice. According to the EFCC, he absconded after being granted bail while standing trial before a Lagos State High Court.
“The suspect vanished after being granted bail and has since failed to appear in court,” said Dele Oyewale, EFCC’s Head of Media and Publicity.
Ogunbambo was being prosecuted alongside Mamman Ali and Christian Taylor, both of whom were convicted and sentenced to 14 years in prison each on Tuesday, May 27, 2025, for their roles in the same scam.
The case revolves around a bogus subsidy payment totaling ₦976,653,110.28, which the EFCC said was fraudulently claimed as payment for petroleum products that were never supplied.
Described as light-skinned and fluent in English and Yoruba, Ogunbambo was last traced to 2, Olamijuyuan Crescent, Ikoyi, Lagos.
The EFCC has warned the public against harboring him and is urging anyone with information about his whereabouts to report to any of its zonal offices across the country—in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, or Abuja. Read More
