Skip to content
September 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Sanwo-Olu repays loan of man rescued from committing suicide over N500,000 debt – Police
  • National News

Sanwo-Olu repays loan of man rescued from committing suicide over N500,000 debt – Police

Admin August 2, 2020

The Police Public Relations Officer in Lagos, Bala Elkana, says the Lagos State governor, Babajide Sanwo-Olu helped in repaying the loan of one Adeyinka Abiodun who was rescued from committing suicide over a debt of N500,000.

Elkana confirmed the incident in a statement on Sunday.

According to him, the father of two who resides in the Ikotun area of Lagos State had embarked on a mission to take his own life by jumping into the lagoon.

He, however, failed in the bid as he was promptly intercepted by police operatives deployed in the Third Mainland Bridge.

He revealed that the suicide attempt was thwarted by the security operatives at about 1:50pm on Friday last week while the victim was rescued and taken to the Police Station in Bariga for questioning and debriefing.

According to Elkana, Abiodun narrated that he procured a loan of N390,000 in March with monthly repayment plan for six months and accrued interest of N142,287:25 from a microfinance bank in Lagos Island.

He was said to have collected the loan with intent to upgrade his wine retail business, but the business failed and the money was lost.

When contacted by the police, the microfinance bank confirmed that the man collected the loan.

Elkana noted that the latest incident was the eighth suicide attempt successfully foiled by the police in Lagos in the last two months.

police
Gov. Babajide Sanwo-Olu

Worried by the rate at which people kill themselves, the Commissioner of Police in Lagos, Hakeem Odumosu, urged residents to always explore other means of addressing life challenges than resorting to committing suicide.

He stressed that taking their own life was never an option and called on well-meaning individuals to always reach out to the needy and less privileged persons around them.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Adeyinka Abiodun Babajide Sanwo-Olu Bala Elkana Hakeem Odumosu

Post navigation

Previous Police probes death of  7 women in Niger salon
Next Sonny Aragba-Akpore bows out of NCC

Related Stories

EFCC, FBI Partner to Investigate Alleged Mismanagement of Discontinued USAID Funds Scammers
  • National News

EFCC, FBI Partner to Investigate Alleged Mismanagement of Discontinued USAID Funds

September 11, 2026
NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates
  • National News

NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates

September 11, 2026
Xenophobic attacks: NASS suspends official engagements to South Africa Senate passes Finance Bill
  • National News

Xenophobic attacks: NASS suspends official engagements to South Africa

September 11, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

EFCC, FBI Partner to Investigate Alleged Mismanagement of Discontinued USAID Funds Scammers
  • National News

EFCC, FBI Partner to Investigate Alleged Mismanagement of Discontinued USAID Funds

September 11, 2026
Christian faith does not require abandoning good values, cultural heritage, Onwualu tells Anioma
  • Metro News

Christian faith does not require abandoning good values, cultural heritage, Onwualu tells Anioma

September 11, 2026
NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates
  • National News

NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates

September 11, 2026
Xenophobic attacks: NASS suspends official engagements to South Africa Senate passes Finance Bill
  • National News

Xenophobic attacks: NASS suspends official engagements to South Africa

September 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.