World remains grateful for Subomi Balogun’s impact — Tinubu⁣

President Bola Tinubu, on Saturday in Ogun State, said the impact of the late founder of First City Monument Bank, Olasubomi Balogun, will be celebrated long after his demise. ⁣

“The world is going to remain grateful to him even much longer than he lived. We are here to celebrate life…offering our heartfelt appreciation for the profound impact he made during his time among us,” Tinubu said at the funeral service for the late Balogun held at Cathedral Church of Our Saviour in Ijebu Ode, Ogun State. ⁣

Tinubu, who was represented by Vice President Kashim Shettima, said the Banker was an institution in the Nigerian banking sector and a model for generations of bankers and lawyers, among other professionals. ⁣

This is according to a statement signed on Saturday by the State House Director of Information, Office of the Vice President, Olusola Abiola, titled ‘VP Shettima represents President Tinubu at funeral service of FCMB founder, late Michael Balogun, describes him as banking sector icon.’ ⁣

Tinubu described the late FCMB founder as a banking icon “who was everything our ailing world desired.⁣

Speaking further about the deceased virtues and impact, the President said the late Otunba Balogun was a philanthropist extraordinaire, and departing from this world at age 89 is a gift that only a few have benefited from. ⁣

“He not only immortalised your industrious spirit as the founder of the flourishing First City Merchant Bank, which we all know as FCMB, but the world is going to remain grateful to him even much longer than he lived. ⁣

“We are here to celebrate life. As he peacefully departs from this earthly realm at the remarkable age of 89, we lift our voices in prayer, offering our heartfelt appreciation for the profound impact he made during his time among us,” he said. ⁣

The President also condoled the Balogun family, government, and people of Ogun State, offering prayers for the departed elder statesman.⁣

In his remarks, the Governor of Ogun State, Mr. Dapo Abiodun said the late Michael Balogun was a prodigious intellectual, an economist, and lawyer who attended the Igbobi College, Yaba, Lagos before proceeding to the London School of Economics to study law in 1956. ⁣

He said the late Balogun worked in the banking sector first, as the Principal Counsel and Company Secretary to the Nigerian Industrial Development Bank, and held many positions in the sector before he founded the First City Monument Bank. ⁣
The Governor also said, “In 1989 Late Michael Balogun donated the newly built and fully equipped General Hospital to Ijebu Ode.” ⁣

The funeral was attended by so many dignitaries including former Head of State Gen. Yakubu Gowon; Governor of Lagos State, Babajide Sanwo-Olu; former Governors of Ogun State, Sen. Gbenga Daniel, and Bayelsa State, Sen. Seriake Dickson. ⁣

Others were the Chairman of Dangote Group, Aliko Dangote; Philanthropist, Mr. Femi Otedola; the President of African Development Bank, Dr. Akinwumi Adesina; first-class traditional Rulers and Bishops of the Ijebu Anglican Diocese, Church of Nigeria, Anglican Communion, among others.⁣

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