Woman burns self to death over failure to offset N70,000 loan

“What they do is that you will join the group and start making thrift with them, it is the evidence of this thrift through your card that will qualify you for a loan which you must either pay back outrightly or in batches.

“But either in batches or outrightly, there is always a set date for repayment that you must meet but if you default…you will live to blame yourself.” The secretary of the Community Development Association in the area, Ade Babawale, confirmed that the deceased was owing the bank. He said, “she is owing the ‘Gbomu le lantern’ the sum of N70,000, because she was unable to meet up with the payment she then sent her last born to buy fuel and also use style to discharge the small boy and she locks herself up inside the room and wet everywhere with petrol including herself and set the whole place on fire.”When contacted, the Police Public Relations Officer, Abimbola Oyeyemi, said he had not been briefed about the incident.

Oyeyemi, however, promised to get back after he must have been briefed but, had not got back as of the time of filing this report.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Source: Loan Digest (loandigest.net)

So sad.

Under Buhari, we have 133 million people in a multi-dimensional poverty. That's the result of the choice we made eight year ago. We have the opportunity to reverse the trend this week. Vote wisely. Hunger and poverty doesn't know tribe.

So sad and unfortunately they will start harassing the woman’s guarantor to pay at least half of the money

Unbelievable

Hmmm..nawa o

For the benefit of those who may not understand that Yoruba phrase in this story, 'Gbọ́mú lé lantern' literally means 'place your breasts on a (lit) lantern', signifying the extreme anxiety and embarrassment, which debtors of these 'banks' are subjected to.

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