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

News Express reports that SGBN was owned by the Saraki family and that from its ashes rose Heritage Bank. Carlisle Properties and Investment Limited is also said to be a Saraki company. The manhunt for Izuagbe is believed to be instigated by the Presidency, which is opposed to the emergence of Dr. Bukola Saraki as Senate President.

“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,” Wilson Uwujaren, EFCC Head, Media & Publicity, said.

According to Uwujaren in a statement issued yesterday in Abuja, “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.”

•Photo shows Kennedy Izuagbe.