Billionaire business mogul, Otunba Subomi Balogun is reportedly passed in London on Friday morning.
The founder of First City Monument Bank (FCMB) was 89 years old,
Major moves of the illustrious octogenarian in his banking career include ICON Ltd and City Securities before he later applied for a merchant banking licence that birthed FCMB.
Of the institutions and businesses that require the most and the best in setting up, a bank naturally comes first, requiring a concert of ideas from persons of diverse professional callings.
Hence they are usually set up by groups of investors, not so in the case of FCMB, which is solely the idea of Otunba Balogun. Not just that he set it up, but he imbued it with a culture of excellence that has endured over time.
To his credit, he was the first to create a special dining room for bank employees and insisted they wear dark and conservative suits.
He also introduced the elegant, memorable, likeable, and relatable bank architectural model synonymous with the average FCMB branch, now widely adopted in different iterations by banks in the country.