A woman was burnt beyond recognition due to her inability to repay a N70,000 loan she took from a microfinance bank, popularly known as LAPO, in Oke-Keesi, Itoko, Abeokuta, Nigeria.
LAPO is known for lending money to traders and other small-scale business owners with specific instructions for repayment plans.
A former member of the LAPO group, Mrs Adeogun said an unprecedented embarrassment will befall anyone who refuses to pay back the borrowed money from the bank at the set date.
The secretary of the Community Development Association in the area, Ade Babawale, confirmed that the deceased was owing the bank.
“She is owing the sum of N70,000 and 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.”
Her corpse has been deposited at the state General Hospital, Ijaye, Abeokuta.