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Banker takes own life over unpaid loan, bank says it was personal troubles

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A banker, Olisa Nwakoby who was a branch manager with the First City Monument Bank (FCMB) Plc., has reportedly taken his own life.

He reportedly shot himself in the head in front of his Priest at Our Lady Star of the Sea Catholic Church in Lekki, Lagos State

He was said to be distraught over an incriminating unpaid loan which turned out to be a pain in his neck.

Mr. Olisa Nwakoby, whose late father was a former Chairman of First Bank of Nigeria Plc, a successfully lawyer, politician and a highly respected community leader, couldn’t deal with the impending action of his employers which may soil his family name prompting him to blow his brains out with a pistol.

Sources say after Olisa approved the loan, the beneficiary did not service the loan as agreed and his employers demanded that the money be paid back.

And to save his face, the father of one (a 12-year-old daughter) who could not raise the amount which runs into millions of naira decided to take his life to avoid shaming his family name.

According to a police source who pleaded anonymity, Olisa took his life after telling his Priest to plead with his wife to take care of their daughter because he could not bear the shame of being forced to pay the unserviced loan said to be in the region of N350 million.

Later reports suggest he had a lot of personal challenges and became frustrated prompting him to take his life.

That was revealed by the Acting Group Head, Communications and Brand Management of the FCMB, Lola Egboh who however informed that neither the management nor colleagues of the deceased were aware of the challenges Olisa faced until he decided to take his life.

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According to reports, the 44-year-old who approved the loan was under pressure by his employers to pay back the bad debt, but Egboh who described Olisa’s death as shocking said the bank would have come to his aid if it was aware of the challenges he was facing.

“It is rather unfortunate that the incident happened. Mr. Nwakoby was a member of staff of the FCMB. We are not aware that he was facing personal challenges, which led to the incident. As a bank that caters to the well-being of its workers, we have counselors who could have helped him. This came as a surprise to us as it was to the public. It is such a trying time for the family; we have been in touch with them. There is a lot of speculations going on at the moment, a lot of them unfounded.

“We are working closely with security operatives and his family to understand what could have led to the personal challenges. I am not aware of any loan. I can’t comment on speculations.” She said.

SP Dolapo Badmos, the Lagos State Police Public Relations Officer, informed that the gun with which Olisa shot himself was retrieved from the scene of the incident and the deceased corpse has been deposited at the mortuary.

“At about 9.45am on Friday, one Olisa (Nwakoby) allegedly shot himself in the head with a pistol in front of Our Lady Star of the Sea Catholic Church on Northern Foresore Estate, Lekki.

“A team of policemen attached to the Ilasan division visited, examined and photographed the scene. The exhibit, a silver America pistol with five rounds of unexpended ammunition, was recovered to the station while the corpse was removed and deposited at a morgue for autopsy. Investigation is ongoing.” She said.

 

 

 

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