The Economic and Financial Crimes Commission, EFCC, has declared Kennedy Izuagbe [pictured], a former director of Societe Generale Bank Nigeria Plc and managing
director of Carlisle Properties and Investment Limited, wanted.
Mr. 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 abortive, the EFCC said Thursday.
The commission said he is linked to 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.
Mr. Izuagbe, believed to have fled the country, is a native of Iviukhua village, near Agenebode, Etsako East Local Government Area of Edo State.
A statement by the EFCC spokesperson, Wilson Uwujaren, enjoined members of the public with information on the whereabouts of Mr. Izuagbe to contact any of its offices in Lagos, Abuja, Port Harcourt, Enugu, Gombe and Kano, or the nearest police station.
Elombah.com recalls that the Economic and Financial Crimes Commission (EFCC) under the leadership of the Former Chairman, Mallam Nuhu Ribadu, an Assistant Inspector General of Police (AIG), at the time of collapse obtained exposed a can of worms in the board management of the bank and charges were to be preferred against some of its directors by operatives of
Specifically, then chairman, Council of Elders Northern Union, Late Dr. Olusola Saraki who is also father of the senate president, Dr Bukola Saraki and other directors of the crippled bank had been investigated and were due to be arraigned on a 30-count charge before high-power politics and maneuver swept off Ribadu and his team at the EFCC who had sworn to ensure that persons who played any role(s) in the alleged looting of the bank are brought to book.
The suit, had it proceeded, would have held at the Lagos, Federal High Court, and would have been between the Federal Republic of Nigeria and Dr. Olusola Saraki, joined with nine others to wit :- Robert Mbonu, Hafiz Bakare, Toyin Idowu, G. A. Oyenola, Yinka Fagbemi, Kennedy Izuagbe, Dele Iluyomade, Noah Olopoenia and Lana Haastrup as accused persons.
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