Tags: bad loan

FCMB Manager Commits Suicide Over Bad Loan

A manager of FCMB in Lagos identified as Olisa Nwakoby, has allegedly killed himself after his company pressured him to recover a loan he approved for a customer sometimes ago. It was gathered that the deceased approved a loan of N350 million, but the customer has failed to service the loan, which management of FCMB…

Alleged Debt Suit: Court Orders Parties To Await Judgement Filed In Earlier Suit

Justice Jude Dagat of a Lagos Federal High Court, on Monday, stopped a winding up petition filed by Ecobank Plc, against Oba Otudeko’s three companies, over alleged unpaid N5.5 billion loan. In his ruling, the judge said it would be premature to entertain winding up application against the respondents, saying that when a judge is…