Society
Why FCMB Group CEO, Ladi Balogun Was Low Profile During Subomi Balogun’s Burial
still topping discussions
Information available to SocietyNow.Ng has revealed why Ladi Balogun, the Group Chief Executive at FCMB Group Plc – the holding company for FCMB Plc and its subsidiaries – played what is touted a ‘subdued role” during the burial of banking legend Olasumobi Balogun.
The noble Nigerian whose burial activities are still topping discussions is the father of Ladi Balogun.
There are growing talks, backed by images here and there, from the burial that ended with an interment on July 8, 2023 in Ijebu-Ode, Ogun state, that the FCMB Group CEO appeared “not to be there” during many parts of the events.
Elder brother Bolaji Balogun was the most visible family member, meeting and interacting with all the big names from far and near.
SocietyNow.Ng, however, gathered that there is nothing to the talks about being anonymous, with those who should know insisting that “Ladi was just being himself.”
According to information available “he has always been on the quiet side and crowd shy. So coming across the way he did during the burial activities was just being himself”.
Added information has it that tradition also contributed to how the FCMB Group CEO conducted himself.
“It is the tradition in Yoruba land ( the Baloguns ethnic group) that the eldest male serves as chief host during such events. Every other persons defer to him and in this case, the situation perfectly suited Ladi’s crowd shy nature.” SocietyNow.Ng learned.
A former Managing Director at First City Monument Bank (FCMB) before moving up to become Group Chief Executive of FCMB Group – immediately it was created in 2013-, Ladi Balogun began who holds a Bachelor’s degree in Economics from the University of East Anglia, United Kingdom and an MBA from Harvard Business School, United States of America started his banking career in 1993 at Morgan Grenfell and Co Limited.
Otunba Subomi Balogun the illustrious Nigerian with a glittering career to his name died on May 18, 2023, in London after a brief illness at the age of 89.
