First City Monument Bank’s founder, FCMB Otunba Michael Olasubomi Balogun, allegedly passed away. According to ThisDay, the Olori Omoba of Ijebuland reportedly passed away on Friday morning in London.

Balogun was 89 years old and was Otunba Tunwase of Ijebuland. To start First City Merchant Bank, he sought for a merchant banking license in 1979.

Balogun visited Siegmund Warburg in London before starting his merchant bank because Warburg, who co-founded S.G. Warburg, had impressed him with his business ideas. He frequently relates the anecdotal tale of how his kid motivated him to launch the bank.

Subomi Balogun Age

He was 89 at the time of his passing.

Subomi Balogun Sons

Well, he has four kids.

Subomi Balogun Bank

He is the founder of First City Monument Bank (FCMB).

Subomi Balogun House

He has several mansions in Nigeria and London.

Subomi Balogun Family

He is married with four kids.

Subomi Balogun Cars

He has 11 Rolls Royce.