Investigation: FCMB played no role in Olisa Nwakoby’s suicide

Reports stemming from investigations carried out by Parrot News Online have indicated that contrary to earlier reports carried around by news portals, First City Monument Bank was not responsible for the death of one of its staff, Olisa Nwakoby, who committed suicide on Thursday, July 28, 2016.

Late Olisa Nwakoby

Mr Nwakoby, who was a commercial banker with Nigeria’s First City Group, took his own life before his pastor on that fateful day, leaving his family, friends and colleagues writhing in grief.

The news of Mr. Nwakoby spread quickly, prompting rumours that he may have died as a result of undue pressure being mounted on him by his employer.

These false reports alleged that Mr. Nwakoby shot himself over a N350 million in delinquent loan he approved on behalf of the bank, which led to his employers putting pressure on him to recover the loan or face legal consequences.

Findings have however revealed that Mr. Nwakoby did not approve loans that had become delinquent, neither was he under any pressure from his superiors to recover any money for the bank.

A source revealed that Mr. Nwakoby had amassed huge debt from personal commitments and was at the verge of “losing everything.”

“He was very worried when he walked up to me to narrate his debt burden. I was shocked to hear that he had killed himself despite all the assurances I gave him just a night before. This is the most heartbreaking moment of my life.” The source said.

Investigations by Parrot News Online further revealed that Mr. Nwakoby suffered a massive depression based on this sequence of events prompting him to approach his spiritual adviser for help.

Mr. Nwakoby visited the pastor to whom he narrated his ordeal. Shortly afterward a loud “bang!” was heard. That was not before Mr. Nwakoby had informed his host to take care of his family on his behalf; he died instantly.

The pastor declined comments for this story, but sources close to him confirmed that Mr. Nwakoby came to see the pastor and they didn’t suspect that anything was amiss.

“He had been a frequent visitor to this premises, so there’s no way we could have suddenly detected that he was having issues this time around that he visited” the source said.

Family sources who spoke with Parrot News Online described Mr. Nwakoby as a “loving, unassuming and hardworking man” who laboured to “ensure a good life for himself, his family as well as his neighbours.”

“There’s hardly anything he has that he can’t give, I have always heard that good people die early, this is perhaps the best corollary of that parlance. It is sad” one of the sources said.

Mr. Nwakoby, until his death, was the head of operations at the Lekki Branch of First City Monument Bank which he joined more than a decade ago.

He left behind his wife and 10-year old daughter.

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