"Why Bank Manager Committed Suicide In Front Of A Catholic Church" – FCMB


First City Monument Bank Plc
says its official, Olisa Nwakoby,
who committed suicide on Friday
in front of Our Lady Star of the
Sea Catholic Church in Lekki,
Lagos State, had personal challenges and became
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
Forty-four-year-old 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 on
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.
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
“We are working closely with
security operatives and his
family to understand what could
have led to the personal challenges. I am not aware of
any loan. I can’t comment on
Efforts to speak with the family
proved abortive as of press time.
But a source close to the family said, “They were too distraught
to speak to the press now.”
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
She said, “At about 9.45am on
Friday, one Olisa (Nwakoby) allegedly shot himself in the
head with a pistol in front of Our
Lady Star of the Sea Catholic
Church on Northern Foresore
Estate, Lekki.
“A team of policemen attached to the Ilasan division visited,
examined and photographed
the scene. The exhibit, a silver
America pistol with five rounds
of unexpended ammunition,
was recovered to the station while the corpse was removed
and deposited at a morgue for
autopsy. Investigation is