Home News Peter Obi pays tribute to late FCMB founder, Subomi Balogun

Peter Obi pays tribute to late FCMB founder, Subomi Balogun


Presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, has expressed his condolences following the passing of renowned business magnate, Otunba Subomi Balogun, at the age of 89.

Balogun was the founder of First City Monument Bank (FCMB) and a prominent figure in the business world.

He passed away last Friday in London, United Kingdom.

In a statement issued on Wednesday, Peter Obi paid tribute to the late Balogun, describing him as a visionary leader and a titan in the business industry whose indelible impact on the nation’s economy will always be remembered.

Peter Obi emphasized Balogun’s belief in the importance of hard work and enterprise as the pathway to success.

The former Governor of Anambra State extended his heartfelt condolences to the entire Balogun family, the management and staff of FCMB, and the government and people of Ogun State, recognizing the profound loss they have suffered.

He acknowledged Balogun’s entrepreneurial accomplishments, highlighting his role in job creation and his significant contributions to societal growth and development.

Obi further expressed his sadness at the passing of Chief Michael Olasubomi Balogun, paying tribute to his remarkable achievements and entrepreneurial spirit.

He stressed the impact Balogun had on the nation’s economy and his commitment to the idea that success should be attained through hard work and determination.

The LP presidential candidate concluded his message by conveying his sincere sympathies to the bereaved Balogun family, the management and staff of FCMB, the people of Ijebuland, and the government and citizens of Ogun State. He expressed his hope that the late Balogun would find eternal rest in the arms of the Almighty.



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