Adegbite was said to have placed a bet with the money which his boss gave him to pay his colleagues, hoping to replace it after winning.
One of his colleagues at work, who spoke on condition of anonymity, said Adegbite committed suicide after he lost the money.
He said, “We were surprised when it happened. He was given the money to pay some people at his place of work. The money was in the region of N150,000. He took the money to a sport betting shop and staked it. He selected some matches but he did not win. He had hoped he would win and pay back the money.
“The following morning, he was not seen by his neighbours. They noticed that he was inside; they broke the door open and found his body dangling on the ceiling fan. They alerted the police, who removed his body.”
The spokesperson for the FCT Police Command, DSP Josephine Adeh, who confirmed the incident said investigation was ongoing into the incident.