Chartered Institute of Stockbrokers, Nigerian Exchange Limited, and other market participants organized a simulated trading session and closing gong ceremony on Monday, in memory of the founder of FCMB Group, the late Otunba Subomi Balogun.
According to the chief executive officer of NGX, Mr. Temi Popoola, who spoke during the ceremony, said that “We are here to honor someone because, without him, we really cannot discuss our markets.
Mr. Popoola claimed that he helped shape many careers here, “and mine is an excellent example.”
He said that It was challenging to find another family in Nigeria that can represent the Exchange in the same capacity as the Subomis do at the moment.
The Chairman of NGX Group, Alhaji (Dr) Umaru Kwairanga, also added that Subomi played a major role in the development of investment banking leaving behind a significant legacy.
According to the President of the CIS, Oluwole Adeosun, “We are honoring the life of a titan, Otunba Subomi Balogun, who served as the Institute’s inaugural first vice president. We express our sympathy to the family and will never forget his actions on the stock market.
He added that while he was alive, he was deeply concerned about the Nigerian youth, this market, and the peace of this country.
This, according to FCMB Group Plc’s Group Chief Executive, Mr. Ladi Balogun, provides motivation for the family to uphold his legacy.
“We are so moved by the way the Exchange, CIS, and the entire nation have recognized our father, It inspires us to continue moving forward, improve, and ensure that his legacy endures.
In order to transform the market and the economy, Balogun promised that “we will make sure we uphold his value.”
