Founder of First City Monument Bank, Otunba Olasubomi Balogun, is dead.
Reports say Balogun, a billionaire banker and lawyer, died at a London hospital on Friday.
Below are seven things you may not know about the late billionaire banker:
Balogun was born in 1934 in Ijebu-Ode, Ogun State, Nigeria to Muslim parents but converted to Christianity while in secondary school.
He had his secondary school education at Igbobi College, Lagos, and studied Law at the London School of Economics.
He founded First City Monument Bank (FCMB) and was a long-time member of the council of the Nigerian Stock Exchange (NSE).
After bagging his Law degree, Balogun returned to Nigeria to join the Ministry of Justice of the Western Region as a Crown Counsel, from where he found a new post as a Parliamentary Counsel in the Federal Ministry of Justice.
After the January 1966 coup, he joined the Nigerian Industrial Development Bank (NIDB), and his interest in investment banking led him to advocate the establishment of a merchant bank sponsored by NIDB.
The billionaire banker built a National Pediatric Centre in Ijebu-Ode, Ogun State, which he donated to the University College Teaching Hospital, Ibadan, Oyo State.
Balogun held the chieftaincy title as the Otunba Tunwase of Ijebuland and was also the Olori Omoba of Ijebuland and the Asiwaju of Ijebu Christians.