FCMB founder, Otunba Subomi Balogun dies at 89

FCMB founder, Otunba Subomi Balogun dies at 89

Otunba Michael Subomi Balogun, founder of First City Monument Bank, FCMB, is dead. He was aged 89. He reportedly passed on in a London hospital

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Otunba Michael Subomi Balogun, founder of First City Monument Bank, FCMB, is dead.

He was aged 89.

He reportedly passed on in a London hospital after a brief illness.

Details surrounding his death remains sketchy.

A direct descendant of Oba Tunwase of Ijebu-Ode, Otunba Balogun until his death held the chieftaincy titles Otunba Tunwase of Ijebuland,Olori Omoba of Ijebuland and the Asiwaju of Ijebu Christians.

A philanthropist, Otunba Balogun built a National Pediatric Centre in Ijebu-Ode that he donated to University of Ibadan’s, University College Teaching Hospital.

This is a developing story.