EFCC Declares Total Grace Oil Boss Wanted for Fraud

Nigeria's Oil Tycoon Bolaji Henry Akinduro Wanted for Alleged Fraud

“Anybody with useful information as to his whereabouts should please contact the Commission in its Ibadan...”

Nigeria's EFCC declares Bolaji Henry Akinduro, Total Grace Oil & Gas Investment Limited chairman, wanted for alleged fraud & financial crimes.

The Economic and Financial Crimes Commission (EFCC) has declared Bolaji Henry Akinduro, a prominent businessman and oil mogul, wanted for fraud. Akinduro, who serves as the executive chairman of Total Grace Oil and Gas Investment Limited, is accused of obtaining money under false pretence and committing stealing by conversion.

This development comes after Akinduro gained attention in 2021 for claiming to have started his multi-million naira business with just N50,000. The EFCC's declaration was announced in a special circular signed by Dele Oyewale, the agency's Media and Publicity representative, on Friday.

Bolaji Henry Akinduro's business empire, Total Grace Oil and Gas Investment Limited, boasts an international presence with its headquarters based in Dubai and a significant footprint in Nigeria, where it operates approximately five fuel stations.

The EFCC statement reads: “The public is hereby notified that BOLAJI HENRY AKINDURO, whose photograph appears above is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of Obtaining Money under False Pretense, and Stealing by Conversion.

“Akinduro, 51, is an indigene of Ondo State and his last known address is: 272, Patience Coker Street, Ajose Adeogun, Victoria Island, Lagos State.

“Anybody with useful information as to his whereabouts should please contact the Commission in its Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja offices or through 08093322644; its e-mail address:info@efcc.gov.ng or the nearest Police Station and other security agencies.”

About the EFCC

The EFCC is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud and money laundering. Established in 2003, the agency has addressed financial corruption by prosecuting and convicting high-profile individuals, including former government officials and bank executives.

EFCC's Mandate

The EFCC enforces various laws related to economic and financial crimes, including the Money Laundering (Amendment) Act 2004 and 2011, the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and the Corrupt Practices and Other Related Offences Act, 2000.