EFCC Declares Saraki’s Firm MD Wanted

Kennedy Izuagbe, a former director of Societe Generale Bank Nigeria Plc and Managing Director of Bukola Saraki-owned Carlisle Properties and Investment Limited, has been declared wanted by the Economic and Financial Crimes Commission (EFCC).

The Senate President was the former Executive Director of Societe Generale Bank in Nigeria where he allegedly orchestrated a banking fraud scheme to enrich himself and his family, according to police investigations.

In a press statement, the EFCC said that Izuagbe, 45, who is being investigated in a case of conspiracy and money laundering to the tune of over N3.6 billion, has gone into hiding and all efforts to reach him have proved futile.

“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 commission said.

“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. “The EFCC enjoins members of the public with information on the whereabouts of Izuagbe to contact any of its offices in Lagos, Abuja, Port Harcourt, Enugu, Gombe and Kano, or the nearest police station,” the statement said.