Archive Bank Manager Commits Suicide Over N350million Loan

Bank Manager Commits Suicide Over N350million Loan

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As reported yesterday, a manager with First City Monument Bank, Olisa Nwakoby, has shot himself to death over a toxic loan of  N350 million he approved for an unnamed customer.

Nwakoby was said to have killed himself on Friday in the presence of his pastor in the Lekki area of Lagos State.

According to New Telegraph, 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.

See the previous story here.

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