Workers prevent Bayelsa businessman from commiting suicide over N11m debt

A Bayelsa State based businessman, Mr. Teidei Simon Oze, who is indebted to the tune of N11million was Sunday rescued by his workers when he attempted to commit suicide following a December 31st payment deadline given to him.

It was gathered that the incident threw workers, associates and relations of the 38-year-old businessman into palpable fear.

It was further that learnt that the businessman had come under alleged intense pressure from his creditor, a former Local Government Chairman in the state.

Sources claimed that Oze, a owner of a petrol filling and gas stations along the Ammassoma Road was found battling for breath by one of his workers during the act.

Eyewitnesses disclosed that Oze, who hails from Southern Ijaw LGA, was rescued by his worker who heard him gasping for breath in one of the offices inside the petrol filling station where he attempted to hang himself.

Family sources claimed that his creditor had threatened to takeover two of his companies upon failure to fulfill the December deadline agreed with his creditors including the former Nembe LGA Chairman in Bayelsa.

“Oze who showed signs of apprehension over his inability to meet the 31st December 2019, for the payment of about N7.6million purportedly remaining, took the extreme action of with suicide but the attempt failed and he was rescued”, the source stated.

A family source claimed the troubled Oze, after his rescue, was quoted as saying, “out of eleven million naira (11m) which I borrowed, to pay seventeen million naira (N17m), the interest of seven million naira (N7m) had been paid and N3.4m of the N11m principal had also paid” but he was given a mandate to pay all seven million, six hundred thousand naira (7.6m) before the 31 of December.

Another family source was also quoted that the embattled businessman had claimed that a popular pastor of a Miracle Church in Warri, Delta State on the 17th of December 2017, had promised to assist him some amount of money allegedly put together by the congregation but such pledge had not been fulfilled.

The former Bayelsa Local Government Chairman, names withheld, told newsmen under condition of anonymity, described the attempted suicide by his business associate as “extreme action.”

He confirmed the debt being owed by Oze. “Ask him to show you the agreement and you will see that it has expired since two years ago. Someone like him did similar thing in the past, collected money with a petrol station along AIT Elebele road as a collateral and when couldn’t pay he left the patrol station.”


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