President Buhari Reacts To Death Of FCMB Founder

President Muhammadu Buhari is mourning the demise of Chief Michael Olasubomi Balogun, the founder of  First City Monument Bank (FCMB).

In a terse statement by Femi Adesina, Special Adviser to the President on Media and Publicity, Buhari commiserated with family members, friends, and associates of the revered businessman, whose legacy of kindness and charity stretched into many homes, institutions, and communities, touching lives through education, health, and multiple empowerment opportunities.

President Buhari affirmed that Balogun, through foresight, wisdom, and hard work, lived ahead of his time by starting the First City Merchant Bank in 1983, which has grown over the years, with branches across the country, and working assiduously for the take-off and success of the Nigerian Stock Exchange.

The President notes the outpouring of testimonies on the life and times of the legendary banker, especially his towering influence in grooming many talented leaders in the sector, who had since set up their investment platforms within and outside the country.

President Buhari prayed that the Almighty God would receive the departed’s soul and comfort all his loved ones.

The bank mogul died in London on Friday at age 89.