Sunday 31 July 2016

FCMB Bank Manager commits suicide over bad loan - PHOTO

FCMB Bank Manager Olisa Nwakoby shot himself to death on Friday evening in front of his pastor in the Lekki area of Lagos State over N350Million debt.

The father of a 10-year-old girl, was said to have decided to kill himself over a toxic loan he approved for an unnamed customer.

The beneficiary has been unable to pay, hence the bank turned to Nwakoby to pay both the principal and interest on the money.

Nwakoby, a graduate of Abia State University, was said to be scared to the soiling of his family name in case the story goes awry.

He was said to have intimated his pastor of the development and what he intended doing and went ahead to kill himself.

The father of the FCMB manager, late Chief Oguejiofor Nwakoby, was a former Chairman of First Bank of Nigeria Plc.

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