The founder of First City Monument Bank, FCMB, Subomi Balogun is dead.
He was reported to have died in London on Friday morning.
He was aged 89.
A direct descendant of Oba Tunwase of Ijebu-Ode, Otunba Balogun until his death held the chieftaincy titles Otunba Tunwase of Ijebuland, Olori Omoba of Ijebuland and the Asiwaju of Ijebu Christians.