Subomi Balogun: Buhari reacts to death of FCMB founder

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By Ogaga Ariemu

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

In a terse statement by Femi Adesina, Special Adviser to the President on Media and Publicity, Buhari commiserated 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 affirmed that 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 prayed that the Almighty God would receive the departed’s soul and comfort all his loved ones.

DAILY POST reported that the bank mogul died in London on Friday at age 89.


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