Otunba Michael Olasubomi Balogun, the esteemed founder of First City Monument Bank (FCMB) and Olori Omoba of Ijebuland, has passed away.

At the age of 89, Balogun breathed his last in London earlier today. The news of his demise has been confirmed by renowned media personality, Dele Momodu, who shared the update on Instagram.

“Diamonds are forever OVATION INTERNATIONAL magazine (since 1996)... Good night CHIEF OLASUMOMI BALOGUN... Rest in Peace Sir.”

More details soon...