Man Loses Belongings Over Wife’s N4k Bank Debt

It was a sad experience for Segun
Adeyemi after he discovered that his
belongings were carted away by a
micro finance bank over a N4,000
debt owed by his wife in Lagos State,
western Nigeria.
The incident happened at their
residence at 3, Adeyeye street,
Megida area of Ayobo Ipaja on the
outskirts of Lagos.
P.M.NEWS learnt that among the
items the bank carted away include
their matrimonial bed, plasma
television, refrigerator, generator,
cooking utensils, cash and other
valuables kept in the house.
According to Segun, his wife
Remilekun Adeyemi, who is a petty
trader, went to the management of
Bisi Cash Micro Finance Bank whose
office is located at Onifade Road
Junction in Ayetoro, Ogun State and
borrowed N40,000 to start a
business.
He said before she was given the
loan, the management first deducted
their own interest from the loan and
gave her the balance.
P.M.NEWS also gathered that
Remilekun also entered into an
agreement to be remitting some
amount of the money every week
untill she finished paying back the
entire loan.
P.M.NEWS also learnt that once a
loan beneficiary defaults, all such
person’s property will be
consficated, which is the fate
Remilekun has suffered along with
her husband.
According to her, she had been
dutifully paying the money until it
remained N4,300 balance last week.
She said she was unable to pay last
week after their son fell sick and was
rushed to a hospital.
While she was on her way to the
hospital, the management of the
bank invaded their home and carted
away all their household items.
When Segun went to the
management to know why they did
so, they told him that his wife
breached the agreement.
They told him that he was also liable
because he knew about the loan and
stood as surety for his wife.
When he offered to pay the money
in order to take back his belongings,
they refused and claimed that the
property now belonged to them.
When our reporter went to their
office on Thursday, the staff
confirmed the incident and said it
was part of the agreement the
woman entered with them.
Efforts to contact the manager
identified as Shade failed as she
refused to speak on what transpired.
She said they seized the property
because of the debt she owed the
bank.
P..M NEWS investigation revealed
that it was not only Segun and his
wife that have found themselves in
such predicament.
Many other women whose
belongings were seized were seen in
the bank premises bemoaning their
plight.