By Enyichukwu Enemanna
The founder of First City Monument Bank (FCMB), a Nigerian commercial bank, Subomi Balogun has passed away at the age of 89.
Report says Balogun died in London in the early hours of Friday.
He 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 then at the Federal Ministry of Justice until the January 1966 coup in Nigeria.
After the coup, Mr 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.
He ventured into several commerce and economics firms until FCMB was established in 1979.
He marked his 89th birthday in March.
