Oil Mogul, Seun Ogunbambo On The Run As EFCC Declares Him Wanted Over Alleged N976million Subsidy Fraud

— File photo of EFCC

By St. Johnson

Managing Director of Fargo Petroleum and Gas Limited, Seun Ogunbambo has been declared wanted by the Economic and Financial Crimes Commission (EFCC) for defrauding the Nigerian government in an alleged oil subsidy scam involving about N976,653,110.28.

According to a statement signed by Dele Oyewale, EFCC’s Head, Media and Publicity, Ogunbambo was standing trial before the Lagos State High Court but he disappeared after being released on bail.

His co-defendants, Mamman Nasir Ali and Christian Taylor, were convicted and sentenced to 14 years imprisonment each on Tuesday, May 27, 2025.

“Light complexioned Ogunbambo speaks English and Yoruba. His last known address is 2 Olamiyuyan Crescent, Ikoyi, Lagos State.”

“Anybody having useful information as to his whereabouts should contact the Commission in its Lagos, Enugu, Kano, Gombe, Port Harcourt, Ibadan, Benin, Kaduna, Sokoto, Makurdi, Ilorin, Maiduguri, Uyo and Abuja offices.”