Otunba Michael Olasubomi Balogun, the founder of First City Monument Bank (FCMB) has passed on at the age of 89.

The Olori Omoba of Ijebuland died in London this morning.

His death has been confirmed by media personality, Dele Momodu, who wrote on Instagram;

“Diamonds are forever OVATION INTERNATIONAL magazine (since 1996)... Good night CHIEF OLASUMOMI BALOGUN... Rest in Peace Sir.”