Bolaji, Subomi Balogun’s Son, Steps into His Shoes 

“There is no greater bond than the one between a father and a son – strong, unyielding and everlasting!”

Without a doubt, this popular quote depicts the love that existed between the late Subomi Balogun and his first son, Bolaji, an investor and boss of a financial advisory service company, Chapel Hill Denham.

Although many may not know the extent of this until the passing onto eternal glory of the banking wizard in May 2023.  

The high-flying businessman was not only a wizard but also a colossus in the Nigerian money market. He was a man of excellence and integrity; a trailblazer and pioneer extraordinaire in the sector. 

He left a very big-sized shoe that would be difficult for anyone to fill. A source revealed that the eldest, Bolaji, has been handed control of the family empire the elder Balogun left behind. Contrary to the thought of many, this was done harmoniously without any rancour whatsoever. The source further revealed that Bolaji’s other three brothers, Ladi, Jide and Gboyega would also assist him in running the vast empire and assets left behind by the stylish business mogul.

Another source revealed that before his death, the Ogun State-born billionaire had carefully planned his succession in such a way that it would be rancour-free. Being the eldest and the most mature of all his kids, the late FCMB founder had made his stand known that Bolaji was to step in and amicably manage the family and his vast investments.

He also indicated who gets what and what should go to the church and philanthropy.

It was also disclosed by the source that this was done to make the transition seamless with minimal rancour. The structure put in place by the late Otunba is for all his children to continue to manage all the arms of business they are currently managing and for the returns on those investments to be put in the general purse for equitable sharing.