Subomi Balogun, also know as Otunba Michael Olasubomi Balogun, is a prominent Nigerian businessman and philanthropist. He is also the founder of the First City Monument Bank (FCMB), one of the top bank Nigeria.
|Name||Otunba Subomi Balogun|
|Age||89 Years Old|
|Date Of Birth||March 9, 1934|
|State Of Origin||Ogun State|
|Died On||19th Of May, 2023|
Otunba Subomi Balogun Biography
Otunba is well known Nigerian philanthropist, he was a very good and valued man in the nation called Nigeria. He was also the founder of the popular Nigeria bank “FCMB.” His legacy has brought about good turnings in his life and that of the citizens of the country.
Early Life and Education:
Otunba Subomi Balogun was born on the 9th of March, 1934, in Ijebu-Ode, Ogun State, Nigeria.
He hails from the Ijebu Kingdom, which is known for its rich cultural heritage and successful entrepreneurs. He completed his primary and secondary education in Nigeria before traveling to the United Kingdom (UK) for higher studies.
Otunba Subomi Balogun Career
Upon returning to Nigeria, Otunba Subomi Balogun ventured into the banking sector. In 1977, he founded the City Securities Limited, which later evolved into the First City Merchant Bank (FCMB).
Under his leadership, FCMB became one of the fastest-growing banks in Nigeria, providing a wide range of financial services to individuals, businesses, and corporate clients.
Beyond banking, Balogun has also been involved in various other business ventures. He has interests in real estates, insurance, hospitality, and agriculture. His contributions to the Nigerian economy and the banking sector have earned him recognition and respect both in Nigeria and in abroad.
Philanthropy and Honors:
Otunba Subomi Balogun is known for his philanthropic virtues and contributions to society. He established the Otunba Tunwase National Paediatrics Centre, located in Ijebu-Ode, Ogun state, which provides healthcare services to children in Nigeria. He has also supported educational initiatives, scholarships, and infrastructure development in his hometown and beyond.
In appreciation to his achievements and contributions, Balogun has received numerous awards and honors. He was awarded the title of Otunba, a traditional chieftaincy title in Nigeria, by the Awujale of Ijebuland. He has also been honored with the national honor of Commander of the Order of the Niger (CON) by the Nigerian government.
Otunba Subomi Balogun Personal Life
Subomi Balogun is married and has children. He is known for his humility, generosity, and commitment to the development of his community and Nigeria as a whole.
Otunba Subomi Balogun Family, Wife, Sons
He hasn’t attended lot of Media publication interview in his lifetime. So we have less information concerning his family background. Meanwhile, he is a citizen of Nigeria who hails from Ijebu-Ode in Ogun State, Nigeria.
Otunba Subomi Balogun Religion
Otunba Subomi Balogun is a Christian. He was able to attain such publicity for his good deed because of his total dedication and surrender to our lord Jesus Christ.
Otunba Subomi Balogun Net Worth
Subomi Balogun Net Worth is estimated to be $700,000 as of 2023, also the time this article was been uploaded.
Otunba Subomi Balogun Death
Balogun died on the 19th of May, 2023 at the age of 89. In his lifetime, he was able to see his grandchildren.
How Old Is Otunba Subomi Balogun?
He is 89 years old. He was born on the 9th of March, 1934.
Who Is The Owner Of FCMB bank
Otunba Subomi Balogun was the owner and founder of the Nigeria popular bank known as FCMB.
Thank you for reading our article on The biography of the Nigeria’s notable philanthropist and banker “Otunba Subomi Balogun.” Make sure to leave your comment in the comments section and do not forget to share.