Breaking: FCMB founder Subomi Balogun refuses to rise again

Otunba Michael Subomi Balogun, the founder of FCMB, has passed away at age 89.

Street News Journal who broke the news said he died in a London hospital on Friday morning.

Mr Balogun celebrated his 89th birthday in March.

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.

After the coup, Mr Balogun ventured into banking and joined the Nigerian Industrial Development Bank (NIDB).
He pioneered Icon Securities — a subsidiary of NIDB which specialised in merchant banking — as director of operations. He ventured into several commerce and economics firms until FCMB was established in 1979. CONTINUE READING………………………………………

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Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. -Phone Number: +2349058501092, +2348137827714 -Email: akanjiphilips100@gmail.com