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Nairaland Forum / Nairaland / General / Health / Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans (60043 Views)
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Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Greattha: 7:39am On Jun 17, 2023 |
To those who support debtors, this blood is on your head. To every debtor out there, his blood is on your head. Nigerians have a very terrible loan repayment culture. The pressure put on these Microfinance Bankers to recover loans that are supposedly without any serious guarantee or collateral but just the character of the mostly illiterate and even some educated customers is terrible. Until there's a change of mindset of Nigerian borrowers, Microfinance and Fintech services are not meant for Nigerians There's absolutely no reason to commit suicide. Last December, a vibrant young lad died of complete stroke because of money he didn't spend but gave to customers who refused to pay. It's sad really. My prayers are with the wife and family. 1 Like |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Donedeal1(m): 7:45am On Jun 17, 2023 |
The major blames goes to his friends and relatives, The bond is now too slack. Nobody cares. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Donedeal1(m): 7:48am On Jun 17, 2023 |
The major blames goes to his friends and relatives, The bond is now too slack. Nobody cares anymore about what's happening to anyone anymore. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Greattha: 7:48am On Jun 17, 2023 |
Nothing is impossible o. Debtors are wicked o. We once handled a case where a debtor went to tie down his loan officer at a juju house so he would forget the loan...it took the intervention of the Audit department of the microfinance bank and the family's prayer to redeem the guy...cos from the onset,the customer never intended to pay back the loan. And unfortunately, it's a civil case...Nigeria constitution never had stiff penalties for debtors until recent acts. Adek15: 1 Like |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Nobody: 7:49am On Jun 17, 2023 |
Timoleon: Brother, what happened here is mainly betrayal of trust. I am very close to one very big MFB in Nigeria. If you place so much trust in people, if they disappoint you, it can lead to anything. You broke rules and regulations to help people out of sympathy and good case only to find out those who came as angels for loans are demons in real person and there is nothing you can do. 1 Like |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Jpblessed(m): 7:55am On Jun 17, 2023 |
Better oil dey your head, na when things don spoil finish na im dem go dey form yeye sympathy, but when e be dey red dem no go look ur side. NobleSeed: 2 Likes |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by bitbillionaire: 8:01am On Jun 17, 2023 |
I don't mean to sound heartless, but I think the man had some mental problem if the story is true. I don't believe a person whose mental state is okay would take such a drastic action just because of loans he gave out, no matter the pressure to recover them |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by histemple: 8:31am On Jun 17, 2023 |
Acekidc4: So, who told you get didn't discuss it with some people? Even you that is blaming him, just pick your phone right now and call all your friends to ask for help and see how many of them will assist you. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by fabolouz1(m): 8:33am On Jun 17, 2023 |
Suicide wasn't the best option ,however people collecting loans without the intention of repaying are worst than armed robbers. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by vee22: 9:31am On Jun 17, 2023 |
Interest rate is too high and no repercussion to loan defaulters |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Tonytonex(m): 10:21am On Jun 17, 2023 |
Donpaulo2:Me, if collect, I dey pay. Sometimes even before the due date sef. 1 Like |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Regie2bless: 10:24am On Jun 17, 2023 |
Omihanifa:is so bad, the bank will put pressure on you as if u are the one that eats the money, I worked with a microfinance bank for some 6yrs, I can tell you, if u don't have d nerve or fighting spirit, suicide is not far from the person. Many times my own salary was used by the company to upset the loan repayment with or without my notice. I earn 60k at dat time, I will be paid 3k for d month d rest of my salary has gone to pay for loan repayment I didn't eat. During dat period I developed high B.P. things like dis they need to regulate the system, in a way dat staff will not be held liable for d loan staff disbursed. 1 Like 1 Share |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Regie2bless: 10:30am On Jun 17, 2023 |
NobleSeed:there are many microfinance staff, who don't sleep at night due to excessive thinking, couple with mad loan drive, all these wahala for money wey u no chop. The stress is too much, sometimes suicide thought will start creeping in. Is so sad dat man kill himself. 1 Like 1 Share |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Shadysen: 11:19am On Jun 17, 2023 |
Acekidc4:believe me, some people are talking but there is no help, they sometimes received insult and embarrassments, life is so so harsh, rip man. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by nedekid: 11:19am On Jun 17, 2023 |
Na wah. Nigerians don't pay loans. Know this and know peace. The only way to operate is to do what abokis at the airport area use to do back in the day. Give short loans, but with heavy collateral. Eg. Give you 1m for 1 month, but you drop your car worth 10m. You sign out ownership of the car and loose the vehicle if you do not pay within agreed date. Infact aboki will already be driving the vehicle. 1 Like 1 Share |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by fohlarp: 11:38am On Jun 17, 2023 |
This job ehn,na anoda thing,U will be frustrated as if na u den say make u carry am for shoulder.He's scared of d next meeting whr dey will ask' wot is ur cabal 'ow much dey ur cabal'people owing av dey paid,all d debt is inside his cabal.u for leave dr job na,aye o pare,anoda gud job is waitg,but thinkn he has built his profile to dt level whr will he start again.men dey cant lay u off na u n company go dey arrest dos ppl snc u dnt steal,cos u n ur team av worked to raise ur cabal but to retrieve back is slow,men d economy is some ow slow.not to talk of iseyin drs little companies,devlpmt dr |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Timoleon(m): 12:26pm On Jun 17, 2023 |
It’s a crazy world really. What’s more unfortunate is that situations like these sometimes break some people beyond redemption. babaolofin: |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Timoleon(m): 12:33pm On Jun 17, 2023 |
Many people don’t know this about loan loan officers. They think they are collecting free money but loan officers go through immense pressures and frustrations. First you have target of bringing in people and disbursing loans to them yet it’s still on you to collect the debt. Many will work for months without salaries. Some mfbs will go as far as locking these officers in police cells for weeks. Regie2bless: |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by delpee(f): 3:06pm On Jun 17, 2023 |
The loan default rate in Nigeria is too high. People get their priorities wrong and misapply funds. Some see it as their share of the National cake. Education loan comes to mind..... |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by RussellRutherfo: 7:30pm On Jun 17, 2023 |
Ilekokonit: Facts 1 Like 1 Share |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by RussellRutherfo: 7:30pm On Jun 17, 2023 |
Moniya4Real: Werey!! |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by RussellRutherfo: 7:34pm On Jun 17, 2023 |
MrCuteking: Facts. Having no friends helps. They will drain you with their problems. 1 Like 1 Share |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by BIGDADDY000(m): 8:50pm On Jun 17, 2023 |
Hhansome:God bless you, have been searching since to a body that supposed to responsible for guiding and counselling in Nigeria, I couldn't found one, you just help me name them now, this particular body are totally useless in Nigeria. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Ilekokonit: 11:20pm On Jun 17, 2023 |
RussellRutherfo: More like once you listen to their problems, they will offload it onto you and expect that it is now partly your responsibility to solve it for them. 1 Like 1 Share |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Ilekokonit: 11:33pm On Jun 17, 2023 |
Reference: You are correct about the insurance bit. Nigerians don't have the habit of doing insurance. You will see someone buy a car that cost many millions and will do the barest minimum third party insurance or no insurance at all and when the car gets stolen or written off in an accident they will start gnashing their teeth when they could have done fully comprehensive insurance and have the car cost refunded in full to them by the insurance company. Same thing, person go build house or fill their shop with millions of Naira worth of goods and will start wailing when the shop / or house catches fire when contents / building insurance will have refunded them most if not all of their losses. If the bank manager worked in a civilized country, he probably will not have killed himself because his employers - the bank - will already have had in place for EVERY loan some sort of loan default insurance paid for by the borrower such that if they defaulted, then the insurance company will cover the loss and the bank manager will not even have to worry. But in Nigeria, the late bank manager knows that his employers will get illiterate policemen to first seize all his property and humiliate him in front of his neighbors before sending him to jail without trial hence he thought to himself - death before dishonor. |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Olufemiolaolu(m): 2:27pm On Jun 18, 2023 |
Peridotushers18:Bro all shall be well, have hope. It's well with you bro |
Re: Sola Ogungbe: SEAP Microfinance Bank Manager Commits Suicide Over Unpaid Loans by Adek15(m): 6:50pm On Sep 23, 2023 |
Greattha: |
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