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Akinwande Soji-Ojo
The founder of First City Monument Bank (FCMB), Chief Michael Olasubomi Balogun, is dead.
According to reports, Balogun died on Friday morning in London, United Kingdom.
Balogun, who celebrated his 89th birthday in March, was an alumnus of Igbobi College and studied law at the London School of Economics.
The deceased practised as a lawyer in the regional justice ministry and at the federal ministry of justice until the January 1966 coup.
After the coup, Balogun ventured into banking and joined the Nigerian Industrial Development Bank (NIDB).
He pioneered Icon Securities — a subsidiary of NIDB which specialised in merchant banking — as director of operations.
Balogun also ventured into several commerce and economics firms until he established FCMB in 1979.