See Shocking Details Surrounding The Death Of Otunba Subomi Balogun, Founder FCMB

Otunba Michael Olasubomi Balogun, FCMB and Olori Omoba of Ijebuland, has died, glamsquad reports 

 

READ ALSO: Bobrisky is Worse Than Ebola Virus & A National Threat – Otunba Runsewe Slams Again

 

According to family members, he died Friday morning in London.

Balogun, also known as Otunba Tunwase of Ijebuland, died at the age of 89.

His death has not been officially acknowledged because he was a high-ranking Ijebu Chief. According to report, the family has informed the Awujale of Ijebuland about his death, and a formal statement will be made soon in accordance with tradition.

Otunba Balogun, a direct descendant of Oba Tunwase of Ijebu-Ode, was the Olori Omoba (chief of princes) of Ijebuland and the Asiwaju of Ijebu Christians.

Otunba Balogun, born on March 9, 1934 in Ijebu Ode, graduated from Igbobi College and studied law at the London School of Economics. He returned to Nigeria after receiving his law degree and working as a Crown Counsel for the Ministry of Justice in the Western Region. Later, he was appointed as a Parliamentary Counsel in the Federal Ministry of Justice.

Balogun joined the Nigerian Industrial Development Bank (NIDB) after the fall of the First Republic, where he lobbied for the development of a merchant bank. He joined ICON Securities, a merchant banking firm founded in 1973 as a subsidiary of NIDB, and rose to the position of director of operations at ICON Ltd.

Otunba Balogun then formed City Securities, a stock broking and issuance firm that handled equity issues for Mobil, Texaco, and Total petroleum marketing businesses. Balogun obtained a commercial banking licence in order to create First City commercial Bank. The bank’s operations began in 1983.

More information will be provided later….

 

 

No Comments Yet

Leave a Reply

Your email address will not be published.