He stated that, in March 2020 he procured a loan of N390,000 with monthly repayment plan for six months and accrued interest of #142,287:25 from a microfinance bank in Lagos Island.

“The loan was collected with intent to upgrade his wine retail business, but the business failed and the money lost. He holds a Bachelor of Science degree in Physics and a Masters Degree in Business Administration. He is married with two children. He is currently attending medical and counselling sessions. The microfinance bank was contacted and they confirmed the loan,” the statement read.

The loan was repaid by the Lagos State governor, Babajide Sanwo-Olu, who was moved with compassion after hearing the story, the police said.

Hakeem Odumosu, the Lagos State Commissioner of Police, enjoined Lagosians to always explore other means of addressing life challenges than resorting to one’s own life.

Mr Odumosu called on well-meaning individuals to always reach out to the needy and less privileged persons around them.

Mr Elkana, a Superintendent of Police, said the suicide attempt was the eighth successfully foiled by the police in Lagos in the last two months.