President Muhammadu Buhari Mourns As FCMB Founder, Subomi Balogun, Dies At 89

President Muhammadu Buhari has shared in the grief of the loss within the business community, particularly the banking and investment sector, the passing of Chief Michael Olasubomi “Subomi” Balogun at the age of 89.

In a statement by his media aide, Femi Adesina, the president condoled 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.

Buhari affirmed that Chief 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 noted 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.

Buhari prayed that the Almighty God  receives the soul of the departed and comforts all his loved ones.