The 44-year-old, who is a Kwara State indigene, had earlier been declared missing by the police on June 18, after his family members filed a report. His decomposed body was found hanging two-weeks later in an uncompleted building in Arepo, located along Lagos-Ibadan Expressway.

The Public Relations Officer of Ogun State Police Command, Muyiwa Adejobi, said that after declaring him missing, the police intensified efforts to find the bank chief before his body was discovered with the help of members of the community.

"The police detectives attached to Ibafo Divisional Headquarters led by the Divisional Police Officer Salawu Jimoh have discovered the body of one Mr Habeeb Olatunde,m,44, native of Kwara State, the Manager of a Commercial bank, who was declared missing since 18th June 2014, in an uncompleted building at Arepo, near Ibafo, at about 1500hrs on Saturday 5th July," Mr. Adejobi stated.

"The decomposing body was found hanged in the building when the police detectives arrived at the scene. Preliminary investigation revealed that the top bank official committed suicide by hanging," he stated.

The police spokesperson said investigations revealed that the deceased actually complained of stress in the office and was permitted to get rest.

He said the deceased might have committed suicide while he was away from work on casual leave.

Mr. Adejobi said the corpse has been released to the family for burial according to Islamic rite.