Otunba Balogun, FCMB founder, dies at 89

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Lagos, May 19, 2023 – Otunba Subomi Balogun, the founder of First Monument Merchant Bank (FCMB), is dead.

According to family sources, Otunba Balogun died on Friday morning.

Balogun was a lawyer, investment banker and philanthropist who founded First City Merchant Bank which later became the First City Monument Bank (FCMB).

Balogun was a long-time member of the council of the Nigerian Stock Exchange.

He was born in Ijebu-Ode on March 9, 1934

He died at the age of 89 years. (GBN)

 

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