NewStats: 3,264,977 , 8,185,250 topics. Date: Friday, 13 June 2025 at 02:11 AM 6w5z3m

The manager of SEAP Microfinance Bank in Saki, Oke-Ogun area of Oyo State, Sola Ogungbe, has reportedly committed suicide over loan facilities in the state.

PUNCH Metro gathered that the incident happened on Wednesday at his home in Iseyin, Iseyin Local Government Area of the state.

It was also gathered that the victim gave out loan facilities to some of his customers, which they failed to repay back to the company’s .

An eyewitness said, “The victim’s wife was called by a staff member of the company because the deceased had not been reporting at his workplace over the loan default crisis.

“But unfortunately, when she got home to report the call to her husband, she met his corpse on the floor.”

One of the deceased’s friends, who did not want his name in print, told our correspondent that “Sola made a mistake by taking his life, as he was supposed to have discussed his problem with his friends.

“The issue of suicide is becoming alarming. He 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.

“Everyone is going through one thing or another, but our survival is anchored upon communal living and friendship. Tell people about your issues, you don’t even know who can help you,” he stated.

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

As of press time, the state Police Public Relations Officer, Adewale Osifeso, could not be reached for a reaction as calls and messages put to his phone were unanswered.

https://punchng.com/microfinance-bank-manager-commits-suicide-over-unpaid-loans-in-oyo/?amp

Why will you kill Yourself Over Loan Debt?? Why not Discuss your Problem out, Someone might help. A closed Mouth is a closed Destiny!!Sorosoke Werey!!

Sad sad end.

Too many people are just one more frustrating event away from a total mental breakdown.

If you are currently going through hard times please stay hopeful. With the right level optimism and a steady grinding and hustling, you’ll breakthrough. Yes, you can see your mates and sometimes younger ones doing better, know this and know peace; there are many people who had their breakthroughs in their forties and fifties.

Get up, go out. If you have to do menial jobs, do it. You’ll earn money to feed and sort some bills. People wey you dey fear say dem go judge you no care as you dey hunger and frustrate so why care about them as you dey hustle to push yourself in life.

Stay strong brother, stay positive sister. This shall . Believe and push harder, it surely will.

This is really sad. Imagine a bank manger taking his own life for loans that he gave out to customers

You can imagine how the customers that took the loan from him and refuses to pay will be feeling

Omihanifa:
This is really sad. Imagine a bank manger taking his own life for loans that he gave out to customers

I honestly do not know the job of National orientation agency in Nigeria.

Please don't kill yourself for any reason. It's so cold outside!

If he had shared this issue with his friends, maybe somebody would have come to his aid.
na so una dey talk.
Who knows of he told you people about his predicament,no be Nigerians again? Na them go blame am .
Why will you be giving out company loans to people, you know how Nigerians is bla bla
Very funny set of humans
Rip to him.

Ihateheadslamer:
You can imagine how the customers that took the loan from him and refuses to pay will be feeling

Nigerians are really hard to serve. Many have a bad mentality towards loan repayments while many others collect loans for the wrong expenditure where they won’t be able to pay their loans back. It’s so unfortunate. On the one hand, these loan officers have targets to find customers to disburse these loans to. On the other hand, they have the fiduciary responsibility to the shareholders and board of directors to recover these debts with maximum profits. In a clime like ours, it’s almost a loss-loss situation for these officers. It’s just really a sad reality.

Weaklings everywhere! Chaii...

Shalommy:
Weaklings everywhere! Chaii...

very mean comment.

pray you dont jam the kind of condition tht bends crayfish.

Hhansome:
I honestly do not know the job of National orientation agency in Nigeria.

Please don't kill yourself for any reason. It's so cold outside!

Give what men money?
Abegi

Shalommy:
Weaklings everywhere! Chaii...

Better weakling

Hard guys hard guys but behind doors they weak as an infant dvck

Chaiiiiii

Omihanifa:
This is really sad. Imagine a bank manger taking his own life for loans that he gave out to customers

The guy was too good to a fault. Trusting callous humans.

Acekidc4:
Why will you kill Yourself Over Loan Debt?? Why not Discuss your Problem out, Someone might help. A closed Mouth is a closed Destiny!!Sorosoke Werey!!

He's not even the one owing o, na people wey no pay back

So bad, suicide isn't the solution now

This is too bad

H

Modsarefools:
One Ewedu_Maggot gone

Dear dominique

A sign of economic stagnation in yorubaland. Apart from Lagos and it's encroachment into Ogun yorubaland is economically dead

I first saw this news in punch few hours ago.
It's sad honestly.

If you know you don't have the heart for some type of business/employment, abeg no shook head put o. I understand there's unemployment in the land, but I can't work under some kind of pressure.

But we'll never know why he really killed himself though, as dead men tell no tales.

RIP to him. May God comfort his family.

Acekidc4:
Why will you kill Yourself Over Loan Debt?? Why not Discuss your Problem out, Someone might help. A closed Mouth is a closed Destiny!!Sorosoke Werey!!

Nobody dey help anybody bro.

Na waa
Na why me open mouth wah
Wow, wo (See life's like light)
Beaming morning into the night
Oru lan s'eka right?
Alright, let pause for a while
Loan killed ya
Money?
Yawning
Money is Blood, yeah?
You could run man
It's better nah
Oh... RIP man

Oh, this is wrong again man

BrokenKondom Na Bastard

Person wey dey give loan to Yoruba people no be mad man? They will use the money do party and come back with stories

Not meant to throw tribal taciturn but to state fact. My cousin learnt the hard way trying it.

Acekidc4:
Why will you kill Yourself Over Loan Debt?? Why not Discuss your Problem out, Someone might help. A closed Mouth is a closed Destiny!!Sorosoke Werey!!

Mehnn shut up..... How many people have you helped? Na so Una go dey talk.

If he was the one owing and overwhelmed by the repayment amount then....

Nice one. He can rest peacefully now! Owing frustrated Nigerians both company or human can make you feel like Death is better than Living! Enjoy your rest manager. Debt free at the other side

obembet:


He's not even the one owing o, na people wey no pay back

Economically dead zone can't make profits to repay loan

it wasnt even HIS debts....kai!

Promise201:
This tribalism will not lead us anywhere in this country, please drop it.

It's mutual