Buhari reacts to death of FCMB founder

President Muhammadu Buhari shares the sorrow of loss with the business community, notably the banking and investment industry, on the departure of a distinguished citizen, Chief Michael Olasubomi “Subomi” Balogun.

In a succinct statement, Femi Adesina, Special Adviser to the President on Media and Publicity, expressed Buhari’s condolences to the businessman’s friends, family, and associates. The eminent figure’s legacy of generosity and kindness touched many homes, organizations, and communities, transforming lives through education, health, and numerous opportunities for empowerment.

By building the First City Merchant Bank in 1983, which has grown over the years and now has branches all over the nation, and by putting in a lot of effort to ensure the launch and success of the Nigerian Stock Exchange, President Buhari asserted that Balogun lived ahead of his time.

The President takes notice of the flood of testimony about the life and times of the illustrious banker, particularly his enormous effect in cultivating a number of brilliant individuals in the industry who have since established their own platforms both domestically and abroad.

In his prayer, President Buhari asked the Almighty God to accept the soul of the deceased and console all of his surviving family members.