Thursday, 17 September 2015

EFCC declares Saraki’s associate wanted or money laundering

Alleged fraud: EFCC declares Saraki’s associate wanted or money laundering

The Economic and Financial Crimes Commission (EFCC) on Thursday declared a former Director of the defunct Societe Generale Bank Nigeria Plc, Kennedy Izuagbe, wanted.


Izuagbe is also the Managing Director of Carlisle Properties and Investment Limited, which was implicated in the alleged discrepancies in the Asset Declaration Forms of the Senate President, Dr. Bukola Saraki.

The declaration suggested that the EFCC might have been probing the defunct SGBN.

A statement issued by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, said Izuagbe is wanted for money laundering of about N3.6 billion.

The statement 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 billion, 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.

“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.”