News
EFCC declares oil firm boss wanted over N976m subsidy fraud
The Economic and Financial Crimes Commission (EFCC) has declared the Managing Director of Fargo Petroleum and Gas Limited, Seun Ogunbambo, wanted for allegedly defrauding the Federal Government of N976.65 million through fraudulent oil subsidy claims.
In a public notice issued on Friday, the EFCC described Ogunbambo as a fugitive after he reportedly jumped bail while standing trial before a Lagos State High Court. According to the statement signed by the commission’s Head of Media and Publicity, Dele Oyewale, the suspect vanished after securing bail and has since refused to return to court.
Ogunbambo was being prosecuted alongside Mamman Ali and Christian Taylor, who were both convicted and sentenced to 14 years imprisonment on May 27, 2025, for their roles in the scam. The fraudulent transaction involved claims for petroleum products worth N976,653,110.28 that were never supplied.
The commission described Ogunbambo as light complexioned and fluent in both English and Yoruba, noting his last known address as 2, Olamijuyuan Crescent, Ikoyi, Lagos.
The EFCC urged members of the public with useful information about his whereabouts to report to any of its offices in Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo, or Abuja.
BREAKING: Gov. Alia dissolves Benue Executive Council
Police bust international human trafficking syndicate in Niger, rescue 36 victims
NNPCL rules out sale of Port Harcourt Refinery
Major highway blocked as Benue IDPs protest hunger, despite N1bn First Lady Donation
Tinubu’s road projects symbolise drive for equitable development – FG
Biu Forum commends Rep. Muktar Betara for developmental strides in constituency
Bayern Munich sign Luis Diaz from Liverpool in €75 Million deal
Troops eliminate Boko Haram fighters, foil bomb plot in Borno
Tinubu approves jobs, ₦250,000 cash, sholarships for 200 NYSC honours awardees
Nurses in Federal Health Institutions begin Seven-Day warning strike
Tinubu approves jobs, ₦250,000 cash, sholarships for 200 NYSC honours awardees
Troops eliminate Boko Haram fighters, foil bomb plot in Borno
Nurses in Federal Health Institutions begin Seven-Day warning strike
Bayern Munich sign Luis Diaz from Liverpool in €75 Million deal
FRSC sets new benchmark in staff welfare with landmark promotion of over 2,000 personnel
Northern Govs restates support for Tinubu
NMA issues 21-Day strike notice over unresolved demands
AIHS 2025 to focus on Housing Incentives, Mortgage Reform, Women’s Rights – Adebayo
CAC to delist 100,000 dormant companies, gives 90-Day ultimatum
Outrage in Ogun as wandering Elephant kills farmer
-
National News16 hours agoTinubu approves jobs, ₦250,000 cash, sholarships for 200 NYSC honours awardees
-
Metro16 hours agoTroops eliminate Boko Haram fighters, foil bomb plot in Borno
-
News16 hours agoNurses in Federal Health Institutions begin Seven-Day warning strike
-
Sports16 hours agoBayern Munich sign Luis Diaz from Liverpool in €75 Million deal
-
News22 hours agoFRSC sets new benchmark in staff welfare with landmark promotion of over 2,000 personnel
-
News2 days agoNorthern Govs restates support for Tinubu
-
National News2 days agoNMA issues 21-Day strike notice over unresolved demands
-
News2 days agoAIHS 2025 to focus on Housing Incentives, Mortgage Reform, Women’s Rights – Adebayo