Otunba Michael Olasubomi Balogun, the founder of FCMB, is dead.
Balogun, aged 89, died in London early Friday morning, according to sources.
Before his death, he was Otunba Tunwase of Ijebuland.
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His death, as a high-ranking Ijebu Chief, will be disclosed only in accordance with custom.
Balogun, who pioneered investment banking and indigenous financial entrepreneurship in Nigeria, died on his 89th birthday.