May 19, 2023
SaharaReporters gathered that the business mogul died on Friday morning in London, United Kingdom after a brief illness.
The founder of First City Monument Bank (FCMB), Olasubomi Balogun, is died.
SaharaReporters gathered that the business mogul died on Friday morning in London, United Kingdom after a brief illness.
He was 89 years old.
Balogun was the founder of First City Monument Bank. In 1979, he applied for a merchant banking license to establish First City Merchant Bank.
Balogun was reportedly inspired by the entrepreneurial works of Siegmund Warburg, who co-founded S.G. Warburg, he visited Warburg in London prior to establishing his merchant bank.