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By Hamid Ayodeji Ordinarily, his home after the usual Thanksgiving Church Service to appreciate the Almighty God on March 9th, would have been a gathering of family members, friends and who-is-who in Nigeria, to celebrate one man whose milk of human kindness, touching lives and impacting the length and breadth of the society, have seen no restrictions, if it were not the extra-ordinary times in which we are, the reign of the COVID-19 pandemic. It had usually been so every year, the rolling out of a splash of activities including generous donations from his well of goodness to institutions and courses, investitures, felicitations, goodwill messages and more, in honour of this pearl of a Nigerian, a man who leads the pack in giving and in giving more. It is his birthday this season, and with social distancing in promulgation, this year’s bash has taken a slight departure, mauling any grand celebration for this scion of many good parts, Otunba Michael Olasubomi Balogun, progenitor of prime brands, and source of many inspiring deeds. In a symbolic but scaled-down hand-over ceremony to the University of Ibadan and the University College Hospital, Ibadan, Oyo State respectively, Otunba Balogun, yet again, showed his deep hello kitty graduation png
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socio-economic initiatives, aimed at enhancing the development of humanity and society in general”. Balogun is a ready reference for good works, committed to making an impact on the lives and welfare of others. This, he has demonstrated over and again, with his succeeding flow of humanitarian support to people and communities. The sheer number and the value have made many to see him as the Nigerian watermark for humanitarianism. Obviously, just a side to the story, the other major side, is that he is a fertile mind, and incubator cum vehicle for the delivery of life-transforming ideals, processes and concepts, First City Monument Bank (FCMB) and its subsidiaries being testaments of this assertion. Yes, it may be over twenty years now he took an uproarious bow from the banking hall, but his footprints still loom large there. The philosophies he enunciated and the course he pursued while prowling the banking chambers remain guiding principles for those desirous of making impact. For reasons of the rare ingredients in them, his story, of life generally, and of forays in business, philanthropy, relationship e.t.c., told and retold again, taste still, like a refreshing wine, laden with immense therapeutic values. Beginning from his birth hello kitty background aesthetic
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trained was the International Bank for Reconstruction and Development (IBRD), also known as the World Bank, and its private sector affiliate, the International Finance Corporation (IFC), both in Washington DC. Some other personal development learnings followed his scouring fields such as stockbroking, investment banking and merchant banking amongst others. The Asiwaju of Ijebu Christians served as a Crown Counsel in both the Ministry of Justice of the then Western Nigeria and as Assistant Parliamentary Counsel in the Federal Ministry of Justice in Lagos, the moment he was through that important sphere of learning. The story is well known of how he served for 9 years, as Principal Counsel and Company Secretary to then reputable Nigerian Industrial Development Bank (NIDB). Sometime in 1966, Balogun joined the Nigerian Industrial Development Bank (NIDB). While at this establishment, his interest in investment banking led him to advocate for the establishment of a 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 the firm to found City Securities, a stock broking and happy graduation
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Otunba Balogun is the holder of the title of the Otunba Tunwase of Ijebu. He is also the Olori-Omoba Akile Ijebu, the Baba Oba of Ijebu-Ife, the Asalu Oba of Ijebu-Mushin and the Asiwaju of Ijebu Christians. As the Olori Omo-Oba or “chief prince” – of Ijebu, he serves as the ranking prince of the dynasty that provides the Awujales of Ijebuland. His recognition, from the South West Nigeria, extended to the South East, Northern Nigeria and as far as Europe, Italy to be precise. As the head of Princes, he is at the helm of affairs as The Olori Ebi of the Arojojoye Ruling House, in Ijebu Ode. Balogun has several awards in his kitty. He is a recipient of the American Biographical Institute Inc’s Distinguished Leadership Award for outstanding contributions to the development of Investment Banking. He is also a recipient of the University of Ibadan’s Degree of Doctor of Laws (Honoris Causa) in recognition of his outstanding achievements both in the field of Law and his contributions to the socio-economic development of Nigeria; a Merit Award for philanthropic services to Ogun State in particular and the country as a whole, and also the Ijebu Development Association award.
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gracefully become an outstanding personality, a great phenomenon and embodiment of achievements within his immediate environment and far beyond. His story is that of a man who understood early in life that the true essence of wealth is achieved only when it is deployed to the service of humanity, especially the less privileged. A man of proven immense wealth who is highly regarded, respected and honoured in the society, the honour bestowed on Otunba Balogun does not, however, stem from the immensity of his wealth, but from the good use to which he has put this wealth for the service of humanity. Over this period, he has garnered many epithets and appellations which present him as a colossus bestriding every aspect of national life. Otunba Balogun is the baron of the Nigerian capital and money markets; doyen, pioneer and role model of entrepreneurial banking in Nigeria; a constructive philanthropist and a distinguished Church Leader, who has devoted a substantial part of his private resources to the care and service of the less privileged. A lover of children who has built several institutions for the health care, welfare and survival of children, Balogun is also a distinguished author, opinion leader, writer.
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