WANTED: EFCC declares Ex- Societe Generale Bank director wanted for N3.6bn fraud

The days where people are wanted for stealing millions are long gone as billions is now what we hear about in the news. The Economic and Financial Crimes Commission, EFCC, has declared Kennedy Izuagbe, a former director of Societe Generale Bank Nigeria Plc and managing director of Carlisle Properties and Investment Limited, wanted over a case of conspiracy and money laundering to the tune of over N3.6 billion. A statement from EFCC reads...

"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.”.

It will be nice to know how many people/government officials  the EFCC have jailed for fraud related activities since its inception,Jailing culprits is what will stop others from stealing public funds not announcing them wanted and letting them go through the back door afterwards.