Ogun Woman Who Set Herself Ablaze, Not Our Customer, Top Microfinance Bank Says

Ogun Woman Who Set Herself Ablaze, Not Our Customer, Top Microfinance Bank Says

The report that a middle-aged woman who set herself ablaze in Ogun state was a customer of LAPO Microfinance Bank Limited has been debunked by the financial institution.

The bank in a statement signed by Abel Ovenseri, its acting head for communications and branding described the allegation that the woman popularly known as Mama Dada took her life over her inability to repay an N70,000 loan owed to LAPO Microfinance Bank as a misinterpretation of facts.

LAPO Microfinance, Ogun state
LAPO bank said that the woman who killed herself in Ogun state was never their customer. Photo: Business Day
Source: UGC

Ovenseri in the statement seen by Legit.ng said Lapo's preliminary findings show that the woman was a customer of a different financial institution, which the unsuspecting public misinterpreted as ‘LAPO’.

He said:

"While extending our condolences to the deceased woman’s family on the tragic incident, we condemn this current effort to tarnish the record and corporate reputation of LAPO Microfinance Bank Limited through unverified and malicious allegations.

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"In recent years, there has been an increase in similar false allegations against LAPO MFB by persons who are pursuing an agenda.
"Notably, one of the false stories was peddled by the same individual in the latest video making the rounds. LAPO MFB is exploring legal options against such purveyors of fake news, demarketing and other unethical practices."

Further describing the report as a smear campaign against LAPO, Ovenseri said the financial institution is confident because its track record of professionalism and success over several decades is solid and well-appreciated by millions.

His words:

"Our customer base of over six million, our status as one of the nation’s top five employers and our track record of transformative initiatives speak for us.

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"It is important to note that while we encourage beneficiaries of LAPO MfB loans to comply with the terms of their agreement with us by making prompt payments to ensure that others benefit, we pay attention to customers facing legitimate financial difficulties.
"Even at the clients’ level, our renowned group lending methodology for micro clients provides a rallying point for group members to cater for themselves, instilling a supportive disposition of “one for all and all for one.”

Ovenseri urged the media and the general public to disregard these false reports and also seek information and clarifications about the bank through its email info@lapo-nigeria.org or call 08139040230.

Ogun state govt to chase out companies, supermarket rejecting old naira notes

Companies and supermarkets that reject old naira notes face eviction from the Ogun state government.

The threat is coming 24 hours after President Muhammdu Buhari announced that old N1,000, and N500 notes are no longer legal tender.

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Drama as a man arrives CBN office with N50m cash in 4 sack bags

Meanwhile, in another report, a viral video shows a Nigerian going to the CBN office in Kano to deposit N50 million cash in old naira notes.

The unidentified man who was interviewed at the gate claimed that he was a trader and the money belonged to him.

The video of the incident has gone viral with many Nigerians reacting to the way he walked into the bank.

Source: Legit.ng

Authors:
Nnenna Ibeh avatar

Nnenna Ibeh Nnenna Ibeh is a journalist with over 10 years of experience with various media organisations including Premium Times. Being on the front burner of reporting politics and the different dimensions of governance, she is also passionate about girls' education and women's and children's health. With degrees in Journalism, Peace Studies & Conflict Res., and Dev. Studies, Nnenna has worked in the dev. sector as a communications officer for the Centre for Democracy and Dev. email: ibehnnenna@gmail.com

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