According to reports, Rasheed allegedly committed suicide over a loan taken from a micro finance bank popularly known as LAPO. A family source said the deceased stood as a guarantor for her friend who obtained a loan from LAPO office at Awotan area and when the friend was unable to pay the loan, she went into hiding. The bank officials turned to Rasheed to pay the money, giving her an installmental payment arrangement which she must follow or be arrested. The pressure from the bank forced her into depression.
Confused as to how to get the money, Mrs Rasheed decided that the best way to get out of the dilemma was to take her life.