Woman sets self, rented apartment on fire over inability to repay N70,000 Lapo’s debt

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Neighbour says woman killed herself after she was unable to repay a loan to microfinance bank popularly known as ‘LAPO’.

Tragedy struck in Abeokuta, on Saturday, as a middle-aged woman, known in her neighbourhood as Mama Dada, set herself on fire in her rented apartment.The incident happened at Oke-Keesi, Itoko area of Abeokuta.

The organisation was expanded into a microfinance institute, MFI, in 1990, and was registered as a microfinance bank in 2007. A former member of the Lapo group, who identified herself simply as Mrs Adeogun, said an ‘unprecedented embarrassment’ will befall anyone who refuses to pay back the borrowed money at the set date.

 

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It's the interest

Me that's owning fair money 200k. Depression want kill me here God 🙏 help me It's not easy

And Politicians are hoarding billions

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