 has declared Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas){kind=link}
The Economic and Financial Crimes Commission (EFCC) has declared Seun Ogunbambo, the Managing Director of Fargo Petroleum and Gas Limited, wanted over his alleged involvement in a massive oil subsidy fraud amounting to ₦976,653,110.28.
According to a public notice issued on Friday and signed by the EFCC’s Head of Media and Publicity, Dele Oyewale, Ogunbambo is being sought for allegedly obtaining the funds under false pretenses—claiming payment for petroleum products that were never supplied. The anti-graft agency has described him as a fugitive from justice, noting that he absconded while standing trial before a Lagos State High Court.
Ogunbambo was initially arraigned alongside two co-defendants, Mamman Ali and Christian Taylor. While the court, on Tuesday, May 27, 2025, found Ali and Taylor guilty and sentenced them to 14 years imprisonment each for their role in the fraudulent scheme, Ogunbambo reportedly jumped bail and has failed to appear in court ever since.
“The suspect vanished after being granted bail and has since refused to attend his court hearings,” the EFCC stated in the notice. It further warned members of the public not to harbor or assist the suspect in any way, emphasizing that doing so would constitute an obstruction of justice.
The commission described Ogunbambo as light in complexion and fluent in both English and Yoruba. His last known address was listed as No. 2, Olamijuyuan Crescent, Ikoyi, Lagos.
The EFCC has appealed to the public for assistance in locating Ogunbambo. Anyone with credible information regarding his whereabouts is urged to contact any of the Commission’s offices across the country, including those in Lagos, Abuja, Port Harcourt, Ibadan, Enugu, Kano, Gombe, Benin, Sokoto, Kaduna, Ilorin, Uyo, Maiduguri, or Makurdi.