How A Lagos Banker Allegedly Killed Himself For Failing To Recover A Loan He Approved

According to an exclusive report on New
Telegraph, 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 at the
Lekki area of Lagos Island, Lagos State.
Close sources to the family of the deceased
disclosed at the weekend that the late Olisa who
is the father of a 10-year-old daughter, was said
to have taken his own life because of an
incriminating huge loan transaction he approved
in his bank.
Olisa was the approving officer for the loan which
the beneficiary is no longer servicing and the
bank was on the neck of Olisa to get the money
back.
The deceased's 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.
Reports reveal that the vibrant banker's fear over
his integrity and the name of his family, which
could be dented if his bank commences action
against him over the loan, was too much to bear,
prompting him to shoot himself.
A source who disclosed to the publication, did
not say if there was suspicion of any foul play in
the death of the banker, she also could not
confirm the actual amount involved in the
transaction, but she simply said “it was huge.”
The case is being handled by homicide
detectives attached to Area J Command, Lekki/
Ajah. According to a police source.
The banks, on the fateful 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.
The source continued, “It was later discovered
that he took money from the bank, N350million,
and the money started creating problems for him.
He killed himself.”