Founder of the First City Monument Bank (FCMB) Group Subomi Balogun has died at the age of 89 in London, United Kingdom on Friday morning.

The business magnate clocked 89 on March 9.

He looked healthy and did not use a wheelchair, according to people who were on the same British Airways first class flight with him.

Balogun was the ‘olori ebi’ and head of all the princes at the Arojojoye Ruling House in Ijebu Ode.

As far back as 1994, he had become the holder of the title of Cavaliere dell’Ordine Al merito della Repubblica Italiana (Knight of the Order of Merit of the Republic of Italy), conferred on him by Italy’s president at the time.

He held several revered traditional and cultural titles in recognition and appreciation of the number of lives touched. They include Otunba Tunwase, the Olori Omo-Oba of Ijebu, Asiwaju of Ijebu Christians, Baba Oba of Ijebu-Ife, Asalu-Oba of Ijebu Mushin and many others.

The Federal Government also decorated him with the honour of Commander of the Order of the Niger (CON).