Micro Finance Bank Manager Commits Suicide Over Failed Loan Repayment

The manager of SEAP Microfinance Bank in Saki, Oke-Ogun area of Oyo State, Sola Ogungbe, has reportedly committed su!cide over loan facilities in the state.

It was gathered that the incident happened on Wednesday at his home in Iseyin, Iseyin Local Government Area of the state. It was also gathered that the victim gave out N1 million loan facilities to some of his customers, which they failed to repay back to the company’s account.

An eyewitness said, “The victim’s wife was called by a staff member of the company because the deceased had not been reporting at his workplace over the loan default crisis. “But unfortunately, when she got home to report the call to her husband, she met his corpse on the floor.”

One of the deceased’s friends, who did not want his name in print, told newsmen that “Sola made a mistake by taking his life, as he was supposed to have discussed his problem with his friends.

“The issue of suicide is becoming alarming. He made a great mistake by taking his own life because of debt. If he had shared this issue with his friends, maybe somebody would have come to his aid.

“Everyone is going through one thing or another, but our survival is anchored upon communal living and friendship. Tell people about your issues, you don’t even know who can help you,” he stated. The body of the deceased has been taken to his hometown in Omu-Aran, Kwara State for burial.

As of press time, the state Police Public Relations Officer, Adewale Osifeso, could not be reached for a reaction as calls and messages put to his phone were unanswered.