The founder of the First City Monument Bank (FCMB), Subomi Balogun has died.
According to reports gathered, the bank owner died at the age of 89 during the early hours of today, Friday, May 19. He died in his apartment in London, the United Kingdom.
He was an alumnus of Igbobi College and studied law at the London School of Economics.
The deceased practised as a lawyer in the regional justice ministry and then at the federal ministry of justice until the January 1966 coup.
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He was Otunba Tunwase of Ijebuland before his death.
As a ranking Ijebu Chief, his death will, however, only be officially announced in line with tradition.
Balogun who pioneered investment banking as well as indigenous financial entrepreneurship in Nigeria, was 89 years old àt his last birthday.
