Otunba Subomi Balogun, Founder of FCMB, Passes Away in London
- Posted on May 19, 2023
- Editors Pick
- By STEPHEN ADEBAYO
The Nigerian business community mourns the loss of a visionary leader as news spreads of the passing of Otunba Michael Olasubomi Balogun, the esteemed founder of First City Monument Bank (FCMB). According to reliable sources, the Olori Omoba of Ijebuland peacefully departed this world on a Friday morning in London, leaving behind a legacy that will be remembered for generations to come. At the age of 89, Balogun, who also held the distinguished title of Otunba Tunwase of Ijebuland, had a profound impact on the banking industry and contributed significantly to Nigeria's economic development.
Although an official announcement is yet to be made, the family has taken the initiative to inform the revered Awujale of Ijebuland about Balogun's passing. Following tradition, a formal announcement will be made soon to honor his memory and celebrate his remarkable achievements. As the news continues to unfold, the Nigerian community awaits further details, eager to pay their respects and commemorate the life of a true icon.
Otunba Michael Olasubomi Balogun's entrepreneurial spirit and dedication to excellence have left an indelible mark on the Nigerian business landscape. His visionary leadership paved the way for FCMB's success and helped shape the financial industry in Nigeria. Beyond his professional accomplishments, Balogun held a significant role as a high-ranking Egba Chief, reflecting his commitment to his cultural heritage and community.
During his lifetime, Balogun inspired countless individuals with his passion, perseverance, and unwavering commitment to philanthropy. His contributions extended beyond the business realm, as he actively supported various charitable initiatives, educational programs, and community development projects. Balogun's legacy will continue to inspire future generations to strive for greatness, leave a positive impact on society, and uphold the values of integrity and compassion.
Note that this is an ongoing story, and more updates will be provided as they emerge.
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