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 woman’s remains were burnt beyond recognition and the entire building was also razed.
The incident happened at Oke-Keesi, Itoko area of Abeokuta.
According to a witness, Rasheed Aina, who resides around the deceased’s residence, the woman killed herself for being unable to repay a loan she took from a microfinance bank popularly known as ‘LAPO’.
“Her neighbour told me that the loan was to the tune of N70,000,” Mr Aina said.
LAPO was established as a Nigerian non-governmental organisation in 1987 to help local Nigerians move out of poverty.
The organisation was expanded into a microfinance institute, MFI, in 1990, and was registered as a microfinance bank in 2007.
Lapo in Abeokuta is known for lending money to traders and other small-scale business owners with strict repayment plans.
Secretary of the community development association in the area, Mr Babawale, said: “She is owing the ‘Gbomu le lantern’ the sum of N70k. Because she was unable to meet up with the payment she then sent her last born to buy fuel and also used style to discharge the small boy she locked herself up inside the room and wet everywhere with petrol including herself and set the whole place on fire.”
The corpse has been deposited at the State General Hospital, Ijaye, Abeokuta.
Contacted, the Police Public Relations Officer, Abimbola Oyeyemi, promised to get back after being briefed on the incident but had not as of press time.