Police rescue a 45-year-old man, Adeyinka Abiodun who attempted to commit suicide over a N500,000 debt he owed a microfinance bank in Lagos.
The Lagos police spokesperson, Bala Elkana confirm this in a statement on Sunday.
He said a officer intercept the man while attempting to jump into the Third Mainland lagoon on Friday.
According to the police, the man collected a N390,000 loan from a microfinance bank in March.
The loan exceeded N500,000 with accrued interests and Abiodun was unable to pay back.
While attempting to jump into the lagoon around 1:35 p.m. on Friday, police deployed to Third Mainland Bridge intercepted him .
The officers took him to Bariga Police Station for questioning and debriefing.
Police statement said:
He stated that, in March 2020 he procured a loan of N390,000 with monthly repayment plan for six months
With an accrued interest of #142,287:25 from a microfinance bank in Lagos Island.
Abiodun collected the loan with intent to upgrade his wine retail business, but the business failed and the money lost.
He holds a Bachelor of Science degree in Physics and a Masters Degree in Business Administration.
Abiodun is with a wife and two children, and is currently attending medical and counselling sessions.
The microfinance bank was contacted and they confirmed the loan
The Lagos governor Babajide Sanwo-Olu, moved with compassion after hearing the story Paid the loan.