Balogun, FCMB founder dies @ 89

Balogun, FCMB founder dies @ 89

The founder of the First City Monument Bank (FCMB), Chief Olasubomi Olaotan Olaonipekun Balogun, is died.

Family source said he died in a London hospital on Friday morning. He was 89 years old.

According to family sources, Otunba Balogun died on Friday morning.

Balogun was a lawyer, investment banker and philanthropist, who founded the First City Merchant Bank.

The bank later became FCMB.

Olasubomi Olaotan Olaonipekun Balogun was born on March 9, 1934 in Ijebu-Ode Ogun State.

He was a direct descendant of the Awujale (king of Ijebuland).

He spent his early years there before moving to Lagos state for his education and eventually became quite comfortable.

Balogun was a long-time member of the council of the Nigerian Stock Exchange.

He was born in Ijebu-Ode on March 9, 1934.


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