Posted by Samuel on Fri 03rd Oct, 2025 - tori.ng
EFCC investigations revealed that the suspect sold bulk petrol and diesel directly to individuals while manipulating pump meters and bypassing company accounts.
Operatives of the EFCC Kaduna Zonal Directorate have arrested Abdulazeez Gbadebo, a station manager at Emadeb Energy Service Limited, for allegedly diverting N500 million.
His arrest followed a petition from the company, which alleged that an external audit uncovered fraud involving the illegal diversion and sale of bulk petrol. The proceeds, worth half a billion naira, were allegedly funneled into Gbadebo’s personal bank accounts.
EFCC investigations revealed that the suspect sold bulk petrol and diesel directly to individuals while manipulating pump meters and bypassing company accounts.
Items recovered from him include multiple luxury vehicles — among them an ash-coloured Mercedes Benz, three Mini Coopers, and a white Mercedes Benz GLK — as well as property documents linked to Kaduna Geographical Information System (KADGIS), a certificate of occupancy, a three-bedroom detached bungalow, and three landed properties.
The EFCC said the suspect will be arraigned in court upon conclusion of investigations.