The University of Ibadan (UI), Nigeria’s premier tertiary establishment, has once more honoured the Founder of FCMB Group, Otunba (Dr.) Michael Olasubomi Balogun by naming its fashionable and multi-purpose convention centre after him. On Thursday, September 6, 2018, the Middle was unveiled and renamed Otunba Subomi Balogun Conference Centre.
In line with the University, the choice is in recognition of Otunba Balogun’s quite a few and important contributions to the event of the establishment, training and the nation through the years. The University of Ibadan, in a letter to the FCMB Founder from the Governing Council and signed by the Registrar and Secretary to the Council, Mrs. Olubunmi Faluyi, stated, ‘’we acknowledge with gratitude, your prayers and goodwill for the continual progress of the University’’.
The Olori Omo-Oba Akile Ijebu, Otunba (Dr)Michael Olasubomi Balogun is alleged to be the primary Board Chairman of UI Ventures, who introduced his enterprise acumen into play to rework the organisation right into a full-fledged enterprise group. In the present day, UI Ventures whose resort arm has about 110 rooms of high quality normal, is into printing, landscaping and horticulture, consulting, bakery merchandise, has a pc coaching middle, petrol station in addition to a quick meals enterprise, amongst different pursuits.
Commenting on the naming of the architectural masterpiece after him, Otunba Balogun expressed profound gratitude to the University of Ibadan for locating him worthy of the honour. He said that, ‘’I thanks for appreciating my companies and dedication to the University of Ibadan by this latest honour that you just bestowed on me. I really feel honoured by and I deeply recognize the lengthy and private relationship I’ve had with the University of Ibadan through the years. It’s my prayer that the University will proceed to retain the place of a primus-inter-pares among the many tertiary establishments in Nigeria’’.
Otunba Subomi Balogun, Commander of the Order of the Niger (CON), is the icon of the Nigerian monetary trade. He’s additionally a philanthropist par excellence and a distinguished chief who has devoted substantial half of his sources in the direction of the care and repair of humanity and the society. His affect on the University of Ibadan and different public in addition to personal establishments has been acknowledged as legendary. He was additionally the primary in Nigeria, by means of First Metropolis Service provider Financial institution Restricted (now First Metropolis Monument Financial institution, a member of FCMB Group), to endow a Professorial Chair in a University when on the University of Ibadan, he arrange a Chair for Capital Market Research within the Division of Economics and Finance.
Otunba Balogun, in 2014 completely donated to the University of Ibadan, the Otunba Tunwase Paediatric Hospital (the most important in Nigeria) which he inbuilt Ijebu Ode, Ogun State, a facility price N4billion in present market analysis. He was the primary Nigerian to obtain particular coaching in Authorized Drafting in Whitehall and the Metropolis of London with explicit specialisation in monetary laws, devices and agreements. The FCMB Founder served as a Crown Counsel in each the Ministry of Justice of the then Western Nigeria and subsequently as Assistant Parliamentary Counsel within the Federal Ministry of Justice in Lagos.
In 1979, he single-handedly arrange the primary wholly Nigerian owned service provider financial institution, fully conceived and promoted by him and this he christened “First Metropolis Service provider Financial institution Restricted”. Underneath his management as Chairman & Chief Govt, First Metropolis Service provider Financial institution Restricted (FCMB) in its first twenty years of existence, skilled regular and uninterrupted progress and earned nationwide and worldwide recognition as market leaders in funding banking and capital market companies.
Amongst different nationwide and worldwide awards, in November 1989, the University of Ibadan awarded him the Diploma of Physician of Legal guidelines (Honoris Causa) in recognition of his excellent achievements each within the subject of Regulation and his contributions to the socio-economic improvement of Nigeria. In January 1994, the President of the Republic of Italy conferred on Otunba Balogun the distinguished honour of “Cavaliere” dell’Ordine “Al Merito della Repubblica Italiana” which implies, “Knight of the Order of Advantage of the Republic of Italy”. In October 1995, he was put in The Olori Omo-Oba Akile Ijebu by His Royal Majesty, the Awujale of Ijebuland. Otunba Balogun is an writer, a prolific author and a distinguished opinion chief. In these capacities, he has contributed remarkably to the formulation of a number of and impactful financial insurance policies in Nigeria.
The newly named Otunba Subomi Conference Centre has 5 halls altogether. It could actually accommodate between 3,000 and 5,000 company in the primary auditorium and as much as a complete of 7,000 company in your complete complicated. The parking zone that may accommodate about 700 vehicles can also be a serious worth added. The inside of the convention rooms are tastefully adorned. The Middle comes geared up with assorted amenities and a excessive normal of service to enhance its relaxed and pleasant ambiance. It gives an in depth vary of fashionable amenities and companies. Such amenities embody presentation screens, projectors and particular person extremely delicate microphones that can be utilized independently in every of the halls or in all of the halls concurrently.
Please see footage from the occasion beneath: