Otunba Michael Olasubomi Balogun, the founder of FCMB, has died.
Balogun, 89, died in London early Friday morning, according to reports.
Before his death, he was Otunba Tunwase of Ijebuland.
His death, as a high-ranking Ijebu Chief, will be announced only in accordance with tradition.
Balogun, who pioneered investment banking and indigenous financial entrepreneurship in Nigeria, died on his 89th birthday.
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