Just In: FCMB Founder Subomi Balogun Died At 89 - The People's Voice

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    Friday, May 19, 2023

    Home Metro News Just In: FCMB Founder Subomi Balogun Died At 89

    Just In: FCMB Founder Subomi Balogun Died At 89


    By Our Correspondent

    The founder of First City Monument Bank FCMB, Otunba Subomi Balogun, has died in London Friday morning at age of 89 years old.

    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.

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    The Peoples Voice Newspaper is a product of a dedicated Journalist and a public analyst. The Publisher has been in Journalism profession for about three decades. He started his Journalism career with Gateway Mirror Newspaper, after which he joined the Compass Newspaper, Peoples Envoy Newspaper, Nigerian News Direct, Western Post Newspaper and Nigerian Pilot Newspaper as correspondent. The Peoples Voice Newspaper ‘www.thepeoplesvoice.com.ng’ is out to serve you with informative, educative and entertaining News. This is not the end, but a source for the news hunters.