FCMB founder, Otunba Subomi Balogun dies at 89

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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.