According to the reports of eyewitnesses, the now dead man who has been identified as Orin David was approached by two males who were known to him.
They were later observed arguing over the repayment of bail money.
David was reported bailed by one of the persons several weeks ago and and had promised to pay back the money but had failed to do so.
Persons in the neighborhood said the argument lasted for some time and the two men left and returned.
David was shot up to three times by one of the men.
Back in August 2010, David was charged with the murder of Lakeram Bishundial who was fatally shot during a robbery at Hope, East Coast Demerara.
After spending several years on remand he was found not guilty of the murder in February last year.