Chief Michael Olasubomi ‘Subomi’ Balogun who founded First City Monument Bank is dead.
According to reports, Balogun died on Friday in a London hospital at the age of of 89.
It was gathered that Balogun’s death has not been made official but the family had informed the Awujale of Ijebuland of his death and a formal announcement is expected to be made soon.
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Until his death, he was the Otunba Tunwase of Ijebuland.
Details later…