Age, Biography and Wiki

Subomi Balogun was born on 9 March, 1934 in Niger, is a banker. Discover Subomi Balogun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 89 years old?

We recommend you to check the complete list of Famous People born on 9 March. He is a member of famous banker with the age 89 years old group.

Subomi Balogun Height, Weight & Measurements

At 89 years old, Subomi Balogun height not available right now. We will update Subomi Balogun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Who Is Subomi Balogun's Wife?

His wife is Olori Abimbola Balogun

Subomi Balogun Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Subomi Balogun worth at the age of 89 years old? Subomi Balogun’s income source is mostly from being a successful banker. He is from Niger. We have estimated Subomi Balogun's net worth , money, salary, income, and assets.

Subomi Balogun Social Network

Timeline

After the January 1966 coup, he joined the Nigerian Industrial Development Bank. At NIDB, his interest in investment banking led him to advocate for the establishment of merchant bank sponsored by NIDB. When ICON securities, a merchant banking outfit was established in 1973 as a subsidiary of NIDB, Balogun moved to ICON Ltd as a director of operations. When Balogun's ambition to head ICON was not realised, he left he firm to found City Securities, a stock broking and issuing house. City Securities developed relationships with Mobil, Texaco and Total petroleum marketing companies, handling the companies equity offerings. In 1979, he applied for a merchant banking license to establish First City Merchant Bank. Balogun was inspired by the entrepreneurial works of Siegmund Warburg, who co-founded S.G. Warburg, he visited Warburg in London prior to establishing his merchant bank. He often tells the anecdotal story of how his son inspired him to take the leap in starting the bank. When the operations of the bank took effect in 1983, Balogun established an entrepreneurial culture at the new bank, unique as an owner managed bank in contrast to the government owned banks at the time.

Chief Michael Olasubomi "Subomi" Balogun (born 9 March 1934) is a Nigerian Yoruba banker and philanthropist who founded First City Merchant Bank, a company that later became the FCMB group.

He was born in 1934 at Ijebu-Ode, Ogun State, Nigeria to Muslim parents. Balogun converted to Christianity while in secondary school. He graduated from Igbobi College and studied Law at the London School of Economics. Before leaving for Europe, he briefly worked as a teacher. As a student in London, Balogun regularly attended fellowships and had the opportunity to meet some noted Nigerians such as Yakubu Gowon before the latter was president. After earning his law degree, he returned to Nigeria to join the Ministry of Justice, Western Region. From the regional Ministry of Justice where he was a Crown Counsel, Balogun found a new post as a Parliamentary Counsel in the Federal Ministry of Justice.

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