BREAKING: FCMB Group Founder, Subomi Balogun Is Dead

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BREAKING: FCMB Group Founder, Subomi Balogun Is Dead
Subomi-Balogun

First City Monument Bank (FCMB) Group founder, Subomi Balogun (89) is dead, BrandSpur Nigeria reports.

It was gathered that Balogun died on Friday morning in London.

Subomi Balogun was an alumnus of Igbobi College and studied law at the London School of Economics.

The deceased practiced 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 specialized in merchant banking — as director of operations. He ventured into several commerce and economics firms until FCMB was established in 1979.