EFCC seizes manager’s house, cars, other properties for allegedly diverting N500m

The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has taken into custody Abdulazeez Gbadebo, station manager of Emadeb Energy Service Limited, for allegedly diverting company funds amounting to N500 million.

According to a statement released by the commission on Thursday, the arrest came after Emadeb Energy Service Ltd petitioned the EFCC.

The company claimed that an external audit uncovered how Gbadebo manipulated pump meters, diverted bulk petrol sales, and funneled proceeds worth half a billion naira into his personal bank account.

“Investigations carried out by the Commission revealed that the suspect sold bulk petrol and diesel to different individuals and received payments through his private bank accounts,” the EFCC disclosed.

The agency said several high-value assets were recovered from the suspect, including an ash-coloured Mercedes Benz, two ash-coloured Mini Coopers, a green Mini Cooper, and a white Mercedes Benz GLK.

Also seized were a certificate of occupancy with file number KDL 328159, an authorization letter from the Kaduna Geographical Information System (KADGIS), a fully detached three-bedroom bungalow, and three landed properties.
“He will be charged to court as soon as investigations are concluded,” the EFCC added.