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Monday, August 1, 2016

A BANK MANAGER WHO COMMITTED SUICIDE BECAUSE OF LOAN PRESSURE


Mr. Olisa Nwakoby, a manager at a second
generation bank, First City Monument Bank (FCMB)
Plc on Friday evening shot himself dead in the
presence of his Priest. Mr. Olisa Nwakoby lived
at Lekki area of Lagos Island, Lagos State.
Mr. Olisa Nwakoby who has a 10-year- old daughter,
took his own life because of an incriminating huge
loan transaction he approved in his bank. Family
Sources said that the late Olisa was the approving
officer for the loan which the beneficiary was no
longer servicing and the bank was breathing
down the neck of Olisa to get the money back.
Fears over his integrity and the name of his family,
which would be dented if his bank commenced
action against him over the loan, was too much for
the vibrant banker to bear, leading the estranged
banker to shoot himself. His late father, Chief Patrick
Oguejiofor Nwakoby was a former chairman of First
Bank of Niger Plc, a successfully lawyer , politician
and a highly respected community leader before his
death.
Sources did not reveal the actual amount involved in
the transaction, but simply said “it was huge.” The
case is being handled by homicide detectives
attached to Area J Command, Lekki/Ajah.
Mr. Olisa Nwakoby, on the day he killed himself, went
to meet his pastor. He told the pastor to tell his wife
to take good care of his children, that what he would
do in next few minutes would shock everyone. He
was said to have later blown his brains out.
“It was later discovered that he took money from the
bank, N350million, and the money started creating
problems for him. He killed himself.”
Olisa Nwakoby hails from Nkwelle Ezunaka in Oyi
Local Government of Anambra State and he attended
Abia State University, where he bagged a Bachelor of
Science (BSc) degree, in Microbiology between 1990
and 1995.
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