Nigeria: Presidency mourns founder of FCMB, Subomi Balogun

President Muhammadu Buhari shares in the grief of loss with the business community, particularly banking and investment sector, over the passing of an illustrious citizen, Chief Michael Olasubomi “Subomi” Balogun, 89.

The President condoles with family members, friends, and associates of the revered businessman, whose legacy of kindness and charity stretched into many homes, institutions, and communities, touching lives through education, health, and multiple empowerment opportunities.

President Buhari affirms that Chief Balogun, through foresight, wisdom, and hard work, lived ahead of his time, by starting the First City Merchant Bank in 1983, which has grown over the years, with branches across the country, and working assiduously for the take-off and success of the Nigerian Stock Exchange.

The President notes the outpouring of testimonies on the life and times of the legendary banker, especially his towering influence in grooming many talented leaders in the sector, who had since set up their investment platforms, within and outside the country.

President Buhari prays that the Almighty God will receive the soul of the departed, and comfort all his loved ones.