255:, he joined the Nigerian Industrial Development Bank where he served as principal counsel and company secretary between 1966 and 1975. At NIDB, his interest in investment banking led him to advocate for the establishment of merchant bank sponsored by NIDB. When ICON securities, a merchant banking outfit was established in 1973 as a subsidiary of NIDB, Balogun moved to ICON Ltd as a director of operations. When Balogun's ambition to head ICON was not realised, he left the firm to found City Securities, a stock broking and issuing house. City Securities developed relationships with Mobil, Texaco and Total petroleum marketing companies, handling the companies' equity offerings. In 1979, he applied for a merchant banking license to establish First City Merchant Bank, which later became First City Monument Bank in 2001. Balogun was inspired by the entrepreneurial works of
263:, he visited Warburg in London prior to establishing his merchant bank. He often told the anecdotal story of how his son inspired him to take the leap in starting the bank. When the operations of the bank took effect in 1983, Balogun established an entrepreneurial culture at the new bank, unique as an owner managed bank in contrast to the government owned banks at the time.
236:. Before leaving for Europe, he briefly worked as a teacher. As a student in London, Balogun regularly attended fellowships and had the opportunity to meet some noted Nigerians such as
244:
to join the
Ministry of Justice, Western Region. From the regional Ministry of Justice where he was a Crown Counsel, Balogun found a new post as a Parliamentary Counsel in the
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Balogun was born on 9 March 1934 at Ijebu-Ode, Ogun State, Nigeria, to Muslim parents. Balogun converted to
Christianity while in secondary school. He graduated from
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banker and philanthropist who founded First City
Merchant Bank, a company that later became the
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364:"Otunba Olasubomi Balogun: When light dims for quintessential administrator, philanthropist"
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Doctor of
Science in Management Sciences (Honoris Causa) by Ogun State University (now
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before the latter was president. After earning his law degree, he returned to
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416:"Otunba Subomi Balogun at 83: An Embodiment of Grace and Greatness | FCMB"
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655:"At 85, I still go round my 12 acre farm to pick fruits - Subomi Balogun"
603:"Aig-Imoukhuede: Why the subsidy cabal is fighting back - Vanguard News"
343:
Otunba Subomi
Balogun died in London on 18 May 2023, at the age of 89.
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630:"Nigeria: FCMB Founder Donates N2 Billion Pediatric Centre to UI"
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577:"How my child challenged me to start business – Subomi Balogun"
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448:"Subomi Balogun… A Toast To The Grandmaster Of Banking @ 81"
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Knight of the Order of Merit of the
Republic of Italy - 1994
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group. Balogun was a long-time member of the council of the
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Nigerian
College of Arts, Science & Technology, Ibadan
521:"A Banker of our Time." The Sun (Lagos), 24 October 2014
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390:"Otunba Olasubomi Balogun: The Prince as Pathfinder"
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473:The Guardian Nigeria News - Nigeria and World News
681:"How OTUNBA SUBOMI BALOGUN Won His Many Battles"
139:London School of Economics and Political Science
16:Nigerian banker and philanthropist (1934–2023)
266:Balogun built a National Pediatric Centre in
8:
469:"Subomi Balogun @ 88 and the Nigerian dream"
317:Degree of Doctor of Laws (Honoris Causa) by
38:(9 March 1934 – 18 May 2023) was a Nigerian
709:"Otunba Olasubomi Balogun Tribute Website"
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535:https://www.fcmb.com/about-us/our-history
332:Commander of the Order of the Niger (CON)
274:'s University College Teaching Hospital.
800:Alumni of the London School of Economics
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790:Converts to Christianity from Islam
134:GCE Advanced Level (United Kingdom)
628:Megbolu, Chinazor (10 June 2013).
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734:"Otunba Subomi Balogun is dead"
290:, Otunba Balogun once held the
498:"Michael Balogun - The Top 10"
297:of Ijebuland. He was also the
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679:People, City (14 July 2023).
326:Olabisi Onabanjo University
246:Federal Ministry of Justice
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234:London School of Economics
830:Nigerian company founders
165:First City Monument Bank
785:Nigerian former Muslims
282:A direct descendant of
232:and studied law at the
48:Nigerian Stock Exchange
191:Olori Abimbola Balogun
820:Nigerian stockbrokers
815:People from Ijebu Ode
795:Igbobi College alumni
305:of Ijebu Christians.
301:of Ijebuland and the
713:olasubomibalogun.com
685:City People Magazine
319:University of Ibadan
272:University of Ibadan
810:Nigerian Christians
270:that he donated to
278:Chieftaincy titles
557:Missing or empty
292:chieftaincy title
259:, who co-founded
253:January 1966 coup
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172:Years active
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25:Michael Olasubomi
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102:May 18, 2023
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770:2023 deaths
765:1934 births
368:guardian.ng
299:Olori Omoba
286:Tunwase of
167:(1982–2023)
759:Categories
502:The Top 10
347:References
251:After the
156:Occupation
83:1934-04-09
425:6 October
288:Ijebu-Ode
268:Ijebu-Ode
175:1966–2023
118:Education
93:, Nigeria
91:Ijebu-Ode
550:cite web
328:) - 1999
196:Children
639:14 July
613:14 July
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453:14 July
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303:Asiwaju
242:Nigeria
204:Website
33:Balogun
743:18 May
664:21 May
587:20 May
479:25 May
334:- 2001
321:- 1998
188:Spouse
110:London
58:Otunba
40:Yoruba
29:Subomi
22:Otunba
339:Death
213:/site
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376:2023
224:Life
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