Microfinance bank manager commits suicide in Oyo town after customers failed to pay pack N1m loan he facilitated for them

A 41-year-old manager of SEAP Micro-Finance Bank Saki, Sola Ogungbe has reportedly committed suicide in his home in Iseyin town, Oyo State.

According to The Nation report, Ogungbe took his own life on Wednesday, June 14, 2023, after some customers failed to pay back the N1m loan he facilitated for them.

A staff was said to have called Ogungbe’s wife on Wednesday afternoon, because Sola had not been reporting at work over the loan default crisis.

On getting home in the evening to report the call to her husband, the wife met his corpse.

A close friend of the deceased, who pleaded anonymity, said the deceased made a mistake by taking his life instead of discussing the issue with his friends.

"The issue of suicide is becoming alarming, Sola 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," he said.

"Everyone is going through one thing or the other but our survival is anchored upon a communal living and friendship, tell people about your issues, you don’t even know who can help you."

The body of the deceased has been taken to his hometown in Omu- Aran, Kwara State for burial.