EFCC Declares Nigerian Man Wanted For N976million Fuel Subsidy Scam
According to the EFCC in a statement signed by Dele Oyewale Head, Media and Publicity, the suspect disappeared after being granted bail while standing trial before a Lagos State High Court.
The Economic and Financial Crimes Commission (EFCC) has declared one Abdul Afeez Olarenwaju Olabisi wanted for allegedly defrauding the Federal Government of Nigeria of nearly N1billion through bogus oil subsidy claims.
Olabisi, a former official of the now-defunct Fargo Petroleum and Gas Limited, is accused of participating in a fraudulent scheme that cost the nation N976,653,110.28.
According to the EFCC in a statement signed by Dele Oyewale Head, Media and Publicity, the suspect disappeared after being granted bail while standing trial before a Lagos State High Court.
His co-defendants in the case, Mamman Nasir Ali and Christian Taylor, were convicted and sentenced to 14 years imprisonment each on Tuesday, May 27, 2025.
“Abdul Afeez Olarenwaju Olabisi of the defunct Fargo Petroleum and Gas Limited, is wanted by the Economic and Financial Crimes Commission, EFCC, for allegedly defrauding the federal government of Nigeria in bogus oil subsidy claims to the tune of Nine Hundred and Seventy Six Million, Six Hundred and Fifty Three Thousand, One Hundred and Ten Naira, Twenty Eight Kobo (N976, 653,110.28).”
“His co-defendants, Mamman Nasir Ali and Christian Taylor, were convicted and sentenced to 14 years imprisonment each on Tuesday, May 27, 2025.”
EFCC
“Olabisi, 44, hails from Kwara State and speaks Yoruba, Hausa and English languages fluently. His last known address is 192 Awolowo Road, Ikoyi, Lagos.”
“The EFCC is appealing to members of the public with any useful information regarding his whereabouts to contact any of its offices located in Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.
