Oil Subsidy Fugitive: EFCC Declares Fargo Petroleum Boss Wanted Over ₦976m Scam

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 in a notorious oil subsidy scam.

According to a statement by EFCC spokesperson Dele Oyewale, Ogunbambo was on trial at the Lagos State High Court but jumped bail and vanished.

While Ogunbambo remains at large, his co-accused — Mamman Nasir Ali and Christian Taylor — were convicted and sentenced to 14 years in prison each on Tuesday, May 27, 2025, for their roles in the same case.

The EFCC described the fugitive as light-skinned, fluent in English and Yoruba, with a last known address at 2 Olamiyuyan Crescent, Ikoyi, Lagos.

The agency has called on the public to assist in locating Ogunbambo, urging anyone with credible information to contact any EFCC office across the country, including locations in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, or Abuja.