HomeNewsLocalFCMB founder Subomi...

FCMB founder Subomi Balogun dies at 89

By Kenneth Afor
Estimated reading time: Less than 1 minutes

FCMB founder Subomi Balogun dies at 89

Otunba Subomi Balogun, founder of First City Monument Bank (FCMB), has reportedly died.

According to Peoples Gazette, Mr Balogun died on Friday morning at the age of 89.

READ ALSO: General Oladipo Diya dies at 78

He was an alumnus of Igbobi College in Lagos and studied law at the London School of Economics.

Late Subomi practised as a lawyer in the regional justice ministry and then at the federal ministry of justice until the January 1966 military coup.

Mr Balogun ventured into banking after the coup 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 before setting up FCMB in 1979.

Follow the Neptune Prime channel on WhatsApp:

WhatsApp Channel

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

WhatsApp us here also
Load more

Get notified whenever we post something new!

spot_img

Buy Now ⟶

Continue reading

Kenneth Afor -
Football

Ronaldo provides his Marrakech hotel for earthquake victims as death toll rises above 2,000

Ronaldo provides his Marrakech hotel for earthquake victims as death toll rises above 2,000   Portugal international, Cristiano Ronaldo, has made his hotel, Pestana CR7 in Marrakech available as shelter for victims after a 7.2 magnitude earthquake tore a larger part...
Kenneth Afor -
News

NGO berates professional conduct over patient with missing intestine

NGO berates professional conduct over patient with missing intestine   A Non-governmental Organisation (NGO), Women Arise for Change Initiative, has frowned at the level of professionalism by some doctors following the removal of a 13-year-old boy's small intestine in Lagos. It would...
Kenneth Afor -
Football

Osimhen to contest 2023 Ballon d’Or with Messi, Mbappe, Benzema, Haaland 

Osimhen to contest 2023 Ballon d'Or with Messi, Mbappe, Benzema, Haaland  Nigeria international and SSC Napoli goal machine, Victor Osimhen, will battle with Argentine great and World Cup winner, Lionel Messi for the 2023 Ballon d'Or.  Neptune Prime reports that Osimhen...

Subscribe ⟶