BREAKING: EFCC Declares Oil Mogul Seun Ogunbambo Wanted In N976.65m Subsidy Fraud Case

BREAKING: EFCC Declares Oil Mogul Seun Ogunbambo Wanted In N976.65m Subsidy Fraud Case


By: Adeosun Ewatomi 

The Economic and Financial Crimes Commission (EFCC) has declared Mr. Seun Ogunbambo, Managing Director of Fargo Petroleum and Gas Limited, wanted for allegedly defrauding the federal government of N976,653,110.28 in bogus oil subsidy claims.

Ogunbambo was standing trial before a Lagos State High Court but disappeared after being released on bail. His co-defendants, Mamman Nasir Ali and Christian Taylor, were convicted and each sentenced to 14 years in imprisonment on Tuesday, May 27, 2025.

The light-complexioned Ogunbambo speaks both English and Yoruba. His last known address is 2 Olamiyuyan Crescent, Ikoyi, Lagos.

Anyone with information on his whereabouts is urged to contact the EFCC at its offices in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, or Abuja — or through its hotline at +2348093322644, email info@efcc.gov.ng, or by notifying the nearest Police Station.

Dele Oyewale
Head, Media & Publicity.

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