Otunba Subomi Balogun Backs First Son, Ladi, As Next Awujale      

Funsho Akinwale

If information reaching us is anything to go by, Ladi Balogun, the first son of the billionaire businessman and founder of First City Monument Bank (FCMB), may likely succeed Oba Sikiru Adetona as the next Awujale of Ijebuland.

Checks have confirmed that it is the turn of Balogun’s ruling house to the present the next in line of Awujale, and Otunba has resolved to present his first son rather than taking over the stool himself.

The new development is coming a few days after the present Awujale, Oba Adetona, charged the kingmakers to present worthy candidates that will not drag the Ijebu nation backward.

Ladi Balogun
Ladi Balogun

The monarch made this declaration during the last Ojude Oba festival in Ijebu Ode, Ogun State.

Ladi is the Group Managing Director/ Chief Executive Officer of First City Monument Group, the parent company of FCMB.

The younger Balogun assumed the position on March 2017.

Many believe Ladi is a good fit for the throne. He has a good pedigree and has made a name for himself in and outside his father’s business empire.

Happenings Media