BusinessTrending Story

Breaking: FCMB founding Chairman/CEO, Otunba Subomi Balogun exits

1.1k
Advertisement




Otunba Tunwase of Ijebuland, Olori Omoba of Ijebuland and the Asiwaju of Ijebu Christians, Otunba Michael Subomi Balogun, founder of First City Monument Bank (FCMB), has gone to the great beyond.

Aged 89, Balogun, the right hand man of Awujale of Ijebuland, Oba Sikiru Adetona, passed on in a London hospital during a brief illness.

Although, the details about his death still remains sketchy, Persecondnews reports that the late banker and billionaire has been out of public glare for sometime.

The late philanthropist had built and donated a National Pediatric Centre in Ijebu-Ode to the University of Ibadan College Teaching Hospital (UCH).

Author

See also  Video: In Ruins... Gateway Ota abandoned, left to rot

Leave a comment

Related Articles

Nigeria’s BOP Surplus Drops to $2.38bln in Q1 2026

By Samuel Akpan Nigeria posted a balance of payments surplus of $2.38...

Fostering Greener Future: UBA Foundation Plants Trees in Iconic Lagos Schools for World Environment Day

To mark World Environment Day 2026, the UBA Foundation the corporate social...

Tinubu Smashes Optasia’s 12-Year Stranglehold on Nigeria’s N3trn Airtime Credit Market

President Bola Ahmed Tinubu has moved decisively to dismantle South African firm...

Nigeria’s Capital Inflows Surge 84% to $10.37bn in Q1 2026

By Samuel Akpan Nigeria attracted $10.37 billion in foreign capital in Q1...