Dele Momodu Shares Mansion Late FCMB Founder Left Behind As He Mourns His Death
According to reports, the founder of FCMB(First City Monument Bank) and the Olori Omo-Oba of Ijebu, Otunba Michael Olasubomi Balogun died this morning in London, and Dele Momodu has taken to his official social media handle to mourn his death. Dele shared lovely photos of his mansion and other luxurious property, noting that these are valuable assets he left behind.
Today's Headlines: Court Orders Buhari Govt To Account For $460m Loan; Tinubu, Amosun Mourn Subomi Balogun
Court Orders Buhari Govt To Account For $460m Loan Photo Credit:Channels Television A Federal High Court in Abuja has ordered the government of President Muhammadu Buhari to “account for the spending of $460 million Chinese loan to fund the failed Abuja Closed-Circuit Television (CCTV) project.”
Today's Headlines: Buhari orders new NEDC boss to resume duty; EFCC floors Yahaya Bello's government in appeal court
Buhari orders new NEDC boss to resume duty Photo Credit: Vanguard Newspapers President Muhammadu Buhari has ordered the immediate resumption of the North East Development Commission’s (NEDC) new governing Board to prevent any leadership vacuum. According to him, the resumption of the Commission’s governing board, is in an acting capacity, until the Senate confirms the 12-member board.
Today's Headlines: Allow court decide winner of election-Obi To US; FCMB founder, Subomi Balogun dies at 89
Allow court decide winner of election Photo Credit: Vanguard Newspapers The presidential candidate of the Labour Party, Peter Obi has reacted to the recent telephone conversation between the United States Secretary of State, Antony Blinken and Nigeria’s President-elect, Bola Tinubu. Obi said the US should respect the principles of law and democracy by allowing the courts of law in Nigeria to decide who the winner of the 2023 presidential election conducted on February 25.
Today's Headlines: PEPC Plans To Consolidate Atiku, Obi, APM’s Petitions; Tinubu Mourns Balogun
PEPC Plans To Consolidate Atiku, Obi, APM’s Petitions Photo Credit: The Nation The Justice Haruna Tsammani-led five-member Presidential Election Petition Court (PEPC) has hinted of plan to consolidate the three remaining petitions challenging the outcome of the last presidential election. The petitions are those filed by presidential candidate of the People’s Democratic Party(PDP) Atiku Abubakar, the PDP; Peter Obi and LP and the Allied Peoples Movement (APM). At the resumption of the pre-hearing session
Today's Headline: Atiku Lines Up 100 Witnesses Against Tinubu, Putin Government Bans Barack Obama
PEPC: Atiku Lines Up 100 Witnesses Against Tinubu Photo Credit: Independent Nigeria ABUJA – Former Vice President Atiku Abubakar and presidential candidate of the Peoples Democratic Party (PDP) on Saturday, disclosed that no fewer than 100 witnesses will testify for him and the Party in their petition challenging the victory of Asiwaju Bola Tinubu in the February 25, presidential election.
I am saddened by the death of Chief Michael Olasubomi Balogun, the Founder of FCMB - Peter Obi
In a recent tweet, Peter Obi expressed his sadness over the passing of Chief Michael Olasubomi Balogun, the Founder of First City Monument Bank (FCMB) and Olori Omoba of Ijebuland. Obi described Balogun as a visionary leader and business titan whose impact on the nation's economy will always be remembered.
Tribe Of True Nobility Diminished By Otumba Subomi's Death, Says Osinbajo
STATEHOUSE PRESS RELEASE TRIBE OF TRUE NOBILITY DIMINISHED BY OTUNBA SUBOMI'S DEATH, SAYS OSINBAJO Vice President Yemi Osinbajo, SAN, has described the late founder of First City Monument Bank (FCMB), Otunba Subomi Balogun, as “noble in word and deed, an outstanding legal mind, and a doyen of the Nigerian capital market and investment banking.”
Today's Headlines: EFCC Now Object Of Ridicule – Ohanaeze Demands Bawa's Removal; You’ll Be Remembered With Much Affection – Osinbajo Reacts To Balogun's Death
EFCC Now Object Of Ridicule–Ohanaeze Photo Credit:Daily Post Nigeria Ohanaeze Ndigbo Youth Council Worldwide, on Sunday, joined those calling for the removal of the chairman, Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa. The Igbo group made the demand in a statement made available to DAILY POST by its National President, Mazi Okwu Nnabuike.
Why Folarin's Decision To Switch Allegiance From England To USA Ahead Of Nigeria Is A Smart Move
It's no longer news that Arsenal's loanee Folarin Balogun has switched allegiance from England to the United States of America. The 21-year-old striker, who is currently on loan at Reims this season, preferred playing for the USA representing England at the youth level. Photo: Folarin Balogun With England || Twitter
Today's Headlines:Buhari's $800m Work Bank Loan Approved -Ahmad, UniAbuja Promotes 19 Academic Staff
Buhari's $800m World Bank Loan Approved -Ahmad Photo Credit: Daily Post member of the House of Representatives Committee on Loans, Aids and Debt Management, Abubakar Yunusa Ahmad, said the $800 million World Bank loan request of President Muhammadu Buhari has been approved. The lawmaker disclosed this during a Channels Television interview monitored by DAILY POST on Friday.
Today's Headlines: EFCC dares Matawalle to provide evidence; Buhari, Ogun mourns Subomi Balogun
EFCC dares Matawalle to provide evidence Photo Credit: The Cable The Economic and Financial Crimes Commission (EFCC) has asked Bello Matawalle, governor of Zamfara to provide evidence that Abdulrasheed Bawa, chairperson of the agency, demanded $2 million from him. Matawalle had alleged in an interview he granted to the BBC Hausa that Bawa had asked for $2 million from him.
Dele Momodu Shares Mansion Late FCMB Founder Left Behind As He Mourns His Death
Otunba Michael Olasubomi Balogun, the Olori Omo-Oba of Ijebu and founder of FCMB(First City Monument Bank), reportedly passed away this morning in London, and Dele Momodu has turned to his own social media profile to express his sorrow. Dele proudly displayed pictures of his lavish residence and other belongings, underlining their monetary worth.
I received with utter sadness, the passing of a renowned technocrat, Otunba Balogun- Sanwo-Olu
The Governor of Lagos State, Babajide Sanwo-Olu has taken to his official Twitter handle to react to the news of the death of a renowned technocrat, seasoned administrator and Chairman of the FCMB Group, Otunba Subomi Balogun. Governor Sanwo-Olu, I received with utter sadness, the passing of a renowned technocrat, seasoned administrator, philanthropist, a throughbred business magnate, and the Chairman of the FCMB Group, Otunba Subomi Balogun.
Today's Headlines: Explosion Kills 4 In Sokoto, FG Appoints Mohammed As FAAN MD
Explosion Kills 4 In Sokoto At least four persons have been confirmed dead and three others severely injured following an explosion from a local welder’s shop at Isa local government area of Sokoto State on Sunday afternoon. A resident in the community, who hinted our correspondent about the incident, said: “when I heard the loud explosion, what came to my mind was that bandits were on rampage.
BREAKING: FCMB Founder Otunba Subomi Balogun Is Dead
Otunba Olasubomi Balogun, the founder of First City Monument Bank (FCMB), has reportedly died. According to reports gathered by Reporters, Balogun died on Friday morning in London. Recalls that Otunba Olasubomi Balogun celebrates his 89th birthday on march 9th, 2023. He continues to be a national treasure and an inspiration to many, both in Nigeria and beyond.
FCMB Bank Founder dies in London at 89.
Founder of Nigerian bank FCMB, Otunba Michael Subomi Balogun, has passed away at the age of 89. Balogun was a prominent banker, philanthropist, and billionaire. He died in a London hospital on Friday morning. Balogun was an alumnus of Igbobi College and studied law at the London School of Economics.
Today's Headlines: Buhari, Malami Shun Suit Seeking To Stop Tinubu's Inauguration;Atiku To Call 100
Buhari, Malami Shun Suit Seeking To Stop Tinubu's Inauguration Photo Credit: The Nation President Muhammadu Buhari and the Attorney General of the Federation (AGF), Abubakar Malami on Friday shunned the hearing appeal filed by an Abuja-based lawyer, Ambrose Owuru seeking to among others to stop Tinubu’s inauguration.
Today's Headlines: FG appoint Abdul as Yabatech Rector; Court dismisses application for live broadcast
FG appoint Abdul as Yabatech Rector Photo Credit: Vanguard Newspapers The Federal Government has approved the appointment of Dr. Ibraheem Adedotun Abdul as the Rector of Yaba College of Technology, Yabatech. Abdul, a chief lecturer in the Department of Mechanical Engineering was until this appointment, the Director of Open Distance and Flexible E-Learning(formerly, Flexible Skills Development Centre) of the College.
FCMB founder, Subomi Balogun is dead.
Otunba Michael Subomi Balogun was born in 1934 at Ijebu-Ode, Ogun State, Nigeria. He is a direct descendant of Oba Tuwase of IjebuLand. He passed away on the morning of Friday 19th May 2023 at 89 years old. Otunba who joined Africa Industrial Development Bank in 1966 developed interest to advocate for the establishment of Merchant Banks in Nigeria sponsored by NIDB.