The Economic and Financial Crimes Commission has declared wanted Kennedy Izuagbe, who manages the property company of Senate President Bukola Saraki.
Izuagbe, managing director of Carlisle Properties and Investment Limited, is wanted for alleged N3.6bn money laundering.
The wanted man allegedly colluded with others to launder N3.6bn while serving as Managing Director of the defunct Societe Generale Bank.
Head of Media and Publicity of the EFCC, Wilson Uwujaren, released a statement on Thursday, stating that Izuagbe, was declared wanted because he could not be reached by the anti-graft agency.
He said, “Kennedy Izuagbe, a former director of Societe Generale Bank Nigeria Plc and Managing Director of Carlisle Properties and Investment Limited, has been declared wanted by the Economic and Financial Crimes Commission.
“Izuagbe, 45, who is being investigated in a case of conspiracy and money laundering to the tune of over N3.6 bn, has gone into hiding and all efforts to reach him have proved abortive.
“He is linked to the several shady deals and gross financial misconducts that took place in the bank, in which several millions of Naira were granted as loan without due diligence.
“The suspect, who is believed to have fled the country, is a native of Iviukhua village, near Agenebode, Etsako East Local Government Area of Edo State.”
Leave a reply