Otunba Subomi Balogun, the founder and chairman of First City Monument Bank (FCMB), has passed away.
Otunba Subomi Balogun, who is the Olori Omoba of Ijebuland, reportedly breathed his last in a London hospital on Friday morning, May 19, 2023.
Balogun had recently celebrated his 89th birthday on March 9, marking another milestone in a remarkable life dedicated to business and philanthropy.
His contributions to the financial sector have left a lasting impact.
As news of his passing circulates, tributes and condolences pour in from all corners, honoring the legacy of Otunba Michael Olasubomi Balogun, a visionary leader who played a significant role in the establishment and growth of FCMB.
Taking to his Instagram page, media mogul, Dele Momodu wrote: “Diamonds are forever OVATION INTERNATIONAL magazine (since 1996)… Good night CHIEF OLASUMOMI BALOGUN… Rest in Peace Sir.”
KanyiDaily had also reported how Nollywood actor, Chikezie Uwazie died in the United States of America after a second brain surgery.
![Temidayo Morakinyo Narrates How Shoneye Olamilekan Assaulted Her On Movie Set [Video]](https://media.kanyidaily.com/2023/05/19142859/Temidayo-Morakinyo-Shoneye-Olamilekan-__-150x150.jpg "Temidayo Morakinyo Narrates How Shoneye Olamilekan Assaulted Her On Movie Set [Video] 3")
!["I Don’t Have Stage 4 Cancer, I Only Received N13m Donation" – Blessing CEO [Video]](https://media.kanyidaily.com/2026/04/04163348/Blessing-CEO-150x150.png "\"I Don’t Have Stage 4 Cancer, I Only Received N13m Donation\" – Blessing CEO [Video] 18")
![Portable Fights On Stage With Area Boys At Easter Event In Lagos [Video]](https://media.kanyidaily.com/2026/04/04155115/Portable-new.png-150x150.webp "Portable Fights On Stage With Area Boys At Easter Event In Lagos [Video] 20")
![10-Month-Old Baby Girl Rescued After Being Buried Alive By Her Mother [Photos] 5](https://media.kanyidaily.com/2019/04/28143024/pjimage14.jpg "10-Month-Old Baby Girl Rescued After Being Buried Alive By Her Mother [Photos] 28")
![Wizkid Pays DJ Tunez N10 Million To Play Asake's Hit Song "Fuji Vibe" [Video]](https://media.kanyidaily.com/2024/08/28055125/Wizkid-DJ-Tunez-Asake.jpg "Wizkid Pays DJ Tunez N10 Million To Play Asake's Hit Song \"Fuji Vibe\" [Video] 42")
![Mohbad's Wife, Wunmi Show Off Son As She Sings Gospel Song [Video]](https://media.kanyidaily.com/2024/01/17153333/Mohbad-wife-son.jpg "Mohbad's Wife, Wunmi Show Off Son As She Sings Gospel Song [Video] 46")
