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Bank Manager Allegedly Commits Suicide in Lekki

Forty-four-year-old Nwakoby, said to be the manager of First City Monument Bank in Lekki, shot himself in the head over a bad debt estimated at N350m on Friday in front of Our Lady Star of the Sea Catholic Church in Lekki, Lagos State.

First City Monument Bank Plc says Olisa Nwakoby, had personal challenges and became frustrated.

The bank, however, noted that neither the management nor colleagues of the deceased were aware of the challenges, adding that it was working with Nwakoby’s family and the police to unravel the nature of the challenges. The deceased was said to have given out the sum as loan to a bank customer, who allegedly failed to service the loan.He was reportedly under pressure from the bank’s management to repay the loan and became frustrated as he could not meet the demand.

But the Acting Group Head, Communications and Brand Management of the FCMB, Lola Egboh, who spoke with our correspondent on the telephone on Sunday, said the suicide had nothing to do with the bank, adding that she did not have the knowledge of any loan.

Egboh, who described Nwakoby’s death as shocking, said the bank would have come to his aid if it was aware that he had emotional challenges.

The Lagos State Police Public Relations Officer, SP Dolapo Badmos, said a pistol and live cartridges were recovered from the scene, adding that Nwakoby corpse had been deposited at the Lagos Island Hospital’s morgue.

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