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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