Otunba Michael Subomi Balogun, the founder of First City Monument Bank, FCMB, has reportedly passed away at age 89.
According to reports, Balogun died in a London hospital on Friday morning.
The late Balogun had celebrated his 89th birthday in March. An alumnus of Igbobi College and studied law at the London School of Economics, he 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).
