Business
How Subomi Balogun’s Wealthy Son, Bolaji Wants To Enrich His Driver & Security Man
has done enough for his name to stand well alone – without that of his father for recognition.
Bolaji is the son of the legend of Banking and related spheres, Otunba Subomi Balogun.
To his credit, Bolaji has done enough for his name to stand well alone – without that of his father for recognition.
The investment banker is the founder and chief executive officer of Chapel Hill Denham.
The firm – now a group – founded in 2005 has turned out the nation’s front-runner alternative asset manager, with a focus on investment banking, investment management, and securities trading.
The checks by SocietyNow.Ng revealed that many are not surprised by the current status of Chapel Hill Denham in its areas of operations.
Bolaji, one of the old students of Igbobi College Lagos (they pride themselves as “Noble Nigerians”) is synonymous with groundbreaking deals before – and after – he founded Chapel Hill Denham.
The Banker’s son who started his professional journey in investment banking and securities trading under the wings of the First City Group – after his return from the United Kingdom where he studied at Charterhouse School, Godalming, Surrey, and his first degree in Economics at the London School of Economics and Political Science, University of London – played a major role in Econet ( overtime transformed into Airtel ) becoming Nigeria’s first mobile operator by winning the $285 million GSM license bid of 2001.
The husband of Kemi, who is the daughter of Frank Aig Imoukhuede – the respected man of Letter – “led the capital raising and license bid auction process for the Econet Wireless Nigeria license”.
This was after he had honed his skill and proved his mettle as the Executive Director/Chief Operating Officer at CSL Stockbrokers Limited.
After Econet secured its GSM Wireless, the father of five children went on to become one of the founding Directors and occupied the positions of Chief Business Development and Strategy Officer and later Chief Marketing Officer.
Credited with planning and executing what is identified as the largest successful exit from private investment – $1.67 billion sale of Econet Wireless to Celte in 2005-, Bolaji has done extremely well for himself in professional and financial ratings before he founded Chapel Hill Denham which has soared him beyond “measures” based on how well the journey is turning out.
And he wants to spread the wealth and gift others, especially those around him a brighter future.
SocietyNow.Ng gathered that the track record of the founder and Chief Executive Officer placed Chapel Hill Denham in pole position to serve as the lead issuing house in the ongoing sale of MTN Nigeria – all of 575million shares with provision for a reserved 86million to be put into the market in case of oversubscription – everyday Nigerians (retailers).
Emerging details have it that the younger Balogun who has three brothers – Jide, Ladi, and Gboyega – wants to seize the opportunity offered by MTN Nigeria public offer of shares to put his driver and security man and others on a good footing for a brighter future.
” I am a man of many children. I have five children and I have other children. And not only would I buy some for myself but I would buy for all those children. And I would buy for other people, my driver, my security man” the Chapel Hill Denham Chief Executive Officer declared at a media announcement by MTN Nigeria to explain everything about the share sale to everyday Nigerians in Abuja on Tuesday, November 30, 2021.
“That is what he (Bolaji) will do, he known to be a man of his word, he has just told us he will make those people rich men. Everybody wants a piece of MTN Nigeria!, one of the best run and most profitable entities in the country SocietyNow.Ng learned.
“Based on projected value, which is how businesses are estimated nowadays, those people Bolaji wants to buy MTN Nigeria shares for will be rich men in a few years” SocietyNow.Ng further learned.
The MTN Share which started trading at N90.00 when it was listed on the Nigerian Stock Exchange in May 2019 and currently sells at N190.00 is arguable the most sought after property on the capital market at present.
The share is on offer at the discounted price of N169.00 Per price and is historically the first end-to-end digital offer in Nigeria with http://www.mtnonline.com/po/ as the purchase enabler for all.
