FCMB Reacts To Death Of Bank Manager, Olisa Nwakoby Who Shot Himself In Lekki

We brought you a story about Olisa Nwakoby, an FCMB Bank Manager who allegedly committed suicide  over a bad loan in the Lekki area Of Lagos on Friday. Read here.

Nwakoby, said to be the manager of the bank’s branch in Lekki, shot himself in the head over a bad debt estimated at N350m in front of Our Lady Star of the Sea Catholic Church in Lekki, Lagos State on Friday.

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.

First City Monument Bank Plc in a reaction to the tragedy however says Nwakoby probably had personal challenges and became frustrated.

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.

She said, “It is rather unfortunate that the incident happened. Mr. Nwakoby was a member of staff of the FCMB. We are not aware that he was facing personal challenges, which led to the incident. As a bank that caters to the well-being of its workers, we have counsellors who could have helped him. This came as a surprise to us as it was to the public. It is such a trying time for the family; we have been in touch with them. There is a lot of speculations going on at the moment, a lot of them unfounded.