Son of former chairman of First Bank of Nigeria Plc Kills Himself Over Huge Loan He Approved In FCMB Bank

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.

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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.

Olisa, 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.

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.”