EFCC arrests Abdulazeez Gbadebo over alleged ₦500m fraud involving fuel diversion and seized luxury assets in Kaduna
EFCC arrests Abdulazeez Gbadebo in Kaduna for allegedly diverting funds amounting to ₦500 million belonging to Emadeb Energy Service Limited.
Also read: EFCC arraigns Ene Queen Bamaiyi over ₦240m Forex fraud in Abuja
The Economic and Financial Crimes Commission confirmed his arrest after the company petitioned against him.
The anti-graft agency disclosed that an external audit revealed how the station manager manipulated pump metres to sell bulk petrol and diesel.
Instead of remitting proceeds to the company, Gbadebo reportedly channelled payments into his private accounts.
Investigators also uncovered a string of luxury acquisitions linked to the suspect. Among the items recovered were a white Mercedes Benz GLK, an ash-coloured Mercedes Benz, three Mini Coopers in different colours, a fully detached three-bedroom bungalow and three landed properties.
A certificate of occupancy and an original authorisation letter from Kaduna Geographical Information System were also seized.
The EFCC said the suspect would face prosecution as soon as investigations are concluded.
The case has already generated attention due to the scale of the alleged fraud and the lavish lifestyle it appears to have funded.
Also read: EFCC arraigns FBI suspect in Enugu over cryptocurrency fraud
Authorities emphasised that the crackdown demonstrates a renewed commitment to accountability and deterrence in Nigeria’s energy sector.
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