SAD! FCMB Bank Manager Commits Suicide Over Alleged N350m Debt.

First City Monument Bank Plc, speaking about one of its late managers who committed suicide, said that he (the manager) had personal challenges and became frustrated that’s why he took his own life.

The Bank Manager, Olisa Nwakoby, 42, shot himself in the head over a bad debt of about N350 million around 9.45am on Friday morning in front of Our Lady Star of the Sea Catholic Church in Lekki, Lagos State.

According to reports, late Nwakoby gave out the sum of N350 million loan to a bank customer who allegedly failed to service the loan. Pressure from FCMB management to repay the loan got him frustrated because he could not pay back.

However, Lola Egboh, who is the Acting Group Head, Communications and Brand Management, said that Mr. Nwakoby’s death has nothing to do with the bank. She noted that she knows nothing about the alleged loan and that the bank would have come to his aid if they had been aware of his emotional challenges.

“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 counsellors 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. She said

“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.”

SP Dolapo Badmos, the Police Public Relations Officer of the Lagos State Police Command, confirming the incident said;

 “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. She said

“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 added


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