The founder of First City Monument Bank (FCMB), Otunba Michael Olasubomi Balogun, has passed away.
It is believed that he died in London Friday morning.
Balogun, who was Otunba Tunwase of Ijebuland, was aged 89.
As a high ranking Ijebu Chief, his death has not been officially announced.
It is however gathered that the family had informed the Awujale of Ijebuland of his death and a formal announcement would be made soon in line with tradition.