abbey621:
I still fail to see how FCMB is at fault? 350 million Naira loan, the guy should have been fired on the spot for gross negligence and incompetence. Things like this happens in the finance industry a lot(That's why banks are insured) and most people don't commit suicide over it, there's definitely more to the story!

abbey621:
I still fail to see how FCMB is at fault? 350 million Naira loan, the guy should have been fired on the spot for gross negligence and incompetence. Things like this happens in the finance industry a lot(That's why banks are insured) and most people don't commit suicide over it, there's definitely more to the story!

abbey621:
I still fail to see how FCMB is at fault? 350 million Naira loan, the guy should have been fired on the spot for gross negligence and incompetence. Things like this happens in the finance industry a lot(That's why banks are insured) and most people don't commit suicide over it, there's definitely more to the story!

brojoshua:
Jesus Christ is the Saviour of the world and the One who gives peace and comfort to people, for even having big education qualifications and becoming a successful banker is not an assurance of peace, comfort and safety.

Mzflow:
Rip...when I see how men struggle to make ends meet,sometimes I just thank God I am a woman. Nigerian men are good,am not talking about the irresponsible ones among them.

HeavenShield:
Why should people collect money they can't pay back..350 Million belong to depositors. If only most bankers can be human and realistic they should have made a proper Risk Analysis before giving such money out whether to their Friends or Cronies. It's so disheartening that a BM can commit suicide despite all the resources at his disposal. And if i may peep further, the Bank is economical with the truth and someone might just want to save his Job. My heart goes to the young family. Anyways, RIP to the DEAD.

NotGej:


Obviously you are not experienced in the way banks operate. Many things could cause the Non performance of credit.

They are processes/ conditions to draw down.

He did not solely approve that credit; they are lines of approvals he must have obtained. Cut the dead some slack.

Fired on the spot you said!! Lolz. If he is fired on the spot na you go come pursue the recovery?

I advice you stick to areas you are experienced in, so as not to come off as a Dundee.

FCMB is complicit in this situation, by way of undue pressure.

DICKtator:


Are you sure that the guy would be the only one culpable? Hope you know that for such loan with a huge amount, it would still need approval from the regional manager or director?. I don't know of any bank manager that has an approval limit of 350million. And even if he did, other management team would have been involved and would have given their approval.even such loan/money are always insured and collaterized .I believe there is more to this story than meet the eyes.

Mzflow:
Rip...when I see how men struggle to make ends meet,sometimes I just thank God I am a woman. Nigerian men are good,am not talking about the irresponsible ones among them.

DICKtator:


Your opening statement is so flawed.
Do people collect money thinking they won't be able to pay back?

You think bank would give money to those that they certainly know cannot pay back? What makes you think they wouldn't have done their analysis before granting or approving such loan?
What some people have failed to realise on this thread is that there might be a possibility that Buhari is "indirectly to be blamed".
A change in government/power affects individual,businesses and what-have-you that are directly or indirectly affiliated with the government.
So when projections are being made, these factors are usually taken into consideration. And if the projection is flawed,it certainly would have a domino effect on the projected outcomes set.

David0:
Damage control!!!

Loan or no loan, bank pressure is enough to commit suicide.

Many bank workers have died due to work pressure, most of them from HBP, few from suicide.

This is just one of those.

The bank will only play innocent now, but they know their sin.

abode:

That is the most sexist comment I have ever heard... You should be ashamed of yourself

mikolo80:
na by force to work for bank. Patapata he arrange anoda 350 for hisself and ''disappear ''. Ordinary fish farming or poultry would have replaced the money.abeg na juju d loanee use joor.

OdikwaRisky:
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.


Na so

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. that's public relations for you. She's protecting the image of the organization...... Even if she knows the truth, she dare not say it cuz he who pays the Piper dictates its tune

Liars!!

His death was tragic but why are the denying it was work related ?

realestniggah:


this country has gotten to the point that even bank manager that are suppose to be living a good life now commit suicide?

buhari which way nah?

ediama:
Which bank in Nigeria can forgive debt? The bank wasn't aware ni, the bank which they can send someone to the great beyong to collect that money ko.

abbey621:


You obviously lack experience in the financial sector or risk planning so I will not argue with you. I laugh at some of your comments, gross incompetence is grounds for immediate termination no questions asked. Recovery can be pursued by anybody within the authority to do so at the bank, so stop the misinformation. Unless you want to claim the guy is not responsible for his actions in which case, you do not know what you are talking about!

David0:


Just listen to urself.

balancediet:
I have absolute confidence on FCMB response. RIP to the dead.

mikolo80:
so basically you've got nothing

It happens when you don't have a valid argument and know it

adekS1:
it's only our own politicians dat CNt commit suicide even wen dey r owing d masses serious debt... financially,emotionally n even health well being

David0:


Nope, sometimes it's best u read what u hv written to know if u made sense.

How can u b asking if it's by force to work in d bank.

Now, how does such question sound?

Goodnight

Mzflow:
Rip...when I see how men struggle to make ends meet,sometimes I just thank God I am a woman. Nigerian men are good,am not talking about the irresponsible ones among them.

Adesiji77:
There are usually 3 sides to every story...

cc: lalasticlala, dominique, Mynd44


http://punchng.com/bank-manager-committed-suicide-fcmb/

saintdennis:
His suicide must be related to the church for him to blow his brains out @ their premises

TheAlchemist:
.


prime suspects... may have given the loan to a church member with or without Reverend Father's blessing!