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The founder of FCMB, Subomi Balogun, has died.

He died in London Friday morning.

Chief Michael Olasubomi “Subomi” Balogun (born 9 March 1934) was a Nigerian Yoruba banker and philanthropist who founded First City Merchant Bank, a company that later became the FCMB group. Balogun was a long time member of the council of the Nigerian Stock Exchange.

 

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