Izuagbe is the Managing Director of Carlisle Properties and Investment Ltd, 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 by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, said Izuagbe is wanted for laundering 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 Ltd, 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 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.”