Nick Imudia, a former chief executive officer, CEO, of Konga an online marketing giant has committed suicide. The e-commerce guru was said to have taken his own life by jumping from the balcony of his home in Lekki, Lagos.
Imudia had departed Konga two years ago to set up his own company, D.light, a solar energy solutions firm where he was chief executive before the unfortunate incident happened.
His demise, which has left family and friends in deep shock was confirmed on June 25 by his family.
The magazine has yet to confirm what led to the suicide, but sources said it may not be unconnected with the challenging economic situation in the country which has become frustrating for many business owners.
Some companies have already closed shop, while those currently surviving are just ‘hanging on’, according to experts, who said more suicide should be expected as the business environment becomes tighter.
Recall that some multinational have recently quit the country citing challenging business environment for their action. Companies like Guinness, Shoprite recently embarked on serious reo-organisation in response to the current harship in the country.
Imudia stood down from his role as co-CEO of Konga in September 2022, after a successful term of one of the world’s most successful e-commerce firm.
He, alongside Prince Eke who took over from him when he resigned in 2022, according to experts, turned around the firm from an almost dead company into profitability within four years and launched other strategic verticals like Konga Logistics – a digital logistics company, Konga offline retail chain, KongaPay, a CBN-licensed fintech company, Konga Travel, Konga Health and Konga Food, among others.
