JUST IN: FCMB founder, Otunba Subomi Balogun is dead

Otunba Michael Olasubomi Balogun, founder of First City Monument Bank (FCMB) and Olori Omoba of Ijebuland, is dead.

Family sources said he died in London Friday morning.

Balogun, who was Otunba Tunwase of Ijebuland, was aged 89.

Details later…