Former EFCC chairman, Abdulrasheed Bawa, has shared shocking details of how Oluwaseun Ogunbambo, a businessman, defrauded the Nigerian government of N3.7 billion through petrol subsidy fraud. In his book titled The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud, Bawa explained how Ogunbambo used fake documents to collect money meant for importing fuel. According to Bawa, Ogunbambo claimed he imported petrol, but the fuel never existed. He forged shipping documents and presented them to the government to receive payments. Ogunbambo, who was the managing director of Fargo Petroleum and Gas Ltd, was declared wanted by the EFCC in 2013. He was charged with collecting N976.6 million fraudulently. While the case was still in court, he jumped bail and fled the country. Bawa said Ogunbambo had multiple identities and was also wanted in other countries like Ireland, the UK, and the USA. The book also talks about how fuel subsidy fraud has been a major problem in...
The arrest of Martins Vincent Otse, popularly known as VeryDarkMan (VDM), by the Economic and Financial Crimes Commission (EFCC) has sparked widespread public discourse and scrutiny. VDM, a prominent social media critic, was apprehended on May 2, 2025, in Abuja over allegations related to cyberstalking and financial misconduct. ALLEGATIONS AND EFCC'S RESPONSE VDM has been a vocal critic of the EFCC, particularly its chairman, Olanipekun Olukoyede. He alleges that the commission is orchestrating a plot to silence him due to his outspoken views. In a video posted on his Instagram page, VDM claimed that an influential lawyer and a popular social media influencer visited the EFCC's Abuja office, presenting purported evidence to implicate him, including clips and a photograph of him allegedly spraying money at an event. He further alleged that EFCC officials expressed interest in targeting him due to his criticisms of the agency's leadership. The EFCC has not p...