A ₦500 million fraud has put manager of Emadeb Energy Service Limited, Abdulazeez Gbadebo, in EFCC custody.
₦500 Fraud, Fuel Diversion Scheme
An external audit reportedly uncovered irregularities in fuel sales, prompting the company to accuse Gbadebo of diverting and selling fuel.
Investigations revealed he allegedly manipulated pump meters and sold fuel directly to private buyers, bypassing company records and hiding the fraud.
Seized Assets
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During the operation, EFCC operatives seized high-value assets, including an ash-coloured Mercedes-Benz, three Mini Coopers, a white Mercedes-Benz GLK, a three-bedroom bungalow, three plots of land, and property documents linked to the Kaduna Geographical Information System.
Gbadebo remains in custody, and authorities plan to charge him once investigations conclude, underscoring the EFCC’s fight against financial crimes.
