Labour Party Presidential Candidate Peter Obi Pays Tribute to Late Business Icon, Otunba Subomi Balogun

…By Larry John for TDPel Media. The presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, expressed his condolences on the passing of Otunba Subomi Balogun, a prominent business magnate who died at the age of 89.


Balogun, the founder of First City Monument Bank (FCMB) and a respected figure in the business world, passed away in London, United Kingdom, last week Friday.

Remembering a Visionary Leader and Business Titan

In a statement issued on Wednesday, Peter Obi described the late Balogun as a visionary leader and a business titan.

He emphasized the lasting impact Balogun had on the nation’s economy, leaving behind visible footprints that will always be remembered.

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Obi acknowledged the immense contributions made by the late FCMB founder.

Belief in Success Through Hard Work and Enterprise

Peter Obi, the former Governor of Anambra State, highlighted Balogun’s belief in the importance of hard work and enterprise for achieving success.

Balogun firmly believed that individuals could attain prosperity through diligence and entrepreneurial endeavors.


Obi recognized and respected Balogun’s dedication to these values.

Condolences and Support

Expressing his sympathies, Peter Obi extended his heartfelt condolences to the entire Balogun family, the management and staff of FCMB, as well as the government and people of Ogun State.

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Obi acknowledged the profound loss experienced by all those connected to Balogun.

He offered his support and solidarity during this difficult time.


Peter Obi concluded his statement by emphasizing the lasting legacy of Chief Michael Olasubomi Balogun.

He recognized Balogun’s entrepreneurial success, which not only created job opportunities but also contributed to societal growth and development.

Obi, once again, conveyed his deepest sympathies and prayed for the eternal rest of the departed soul.

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About the Author:

Larry John is a talented writer and journalist based in New York, USA. He is a valued contributor to TDPel Media, where he creates engaging and informative content for readers. Larry has a keen interest in current events, business, and technology, and he enjoys exploring these topics in-depth to provide readers with a comprehensive understanding of the issues. His writing style is characterized by its clarity, precision, and attention to detail, which make his articles a pleasure to read. Larry’s passion for storytelling has earned him a reputation as a skilled writer and a respected authority in his field.


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