Otunba Subomi Balogun, the founder of the First City Monument Bank (FCMB) Group, claims that by prioritizing God and surrounding himself with thoroughbred experts, he was able to successfully navigate the Central Bank of Nigeria’s (CBN) N25 billion recapitalization policy.
He continued by saying that the two elements had greatly influenced his achievements. He said that there had been concerns about his bank failing during the recapitalization, but fate had other plans.
Speaking during the traditional New Year’s prayer at his home in Ijebu-ode, Balogun, the president of the Christian laities of Ijebu Land, credited all of his achievements in the banking industry to divine favor and his dependence on experts.