Nigeria, March 29 -- The finance minister of Germany's Hesse state, Thomas Schaefer, has committed suicide over worries on the economic crisis arising from the Covid-19 outbreak, the Strait Times has reported

Mr Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

The state premier, Volker Bouffier, said on Sunday that Mr Schaefer committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus.

Mr Bouffier said "We are in shock, we are in disbelief and, above all, we are immensely sad."

Hesse is home to Germany's financial capital, Frankfurt, where major lenders like Deutsche Bank and Commerzb...