Exotic royalty! Billionaire Subomi Balogun got to Ojude Oba in his bespoke Rolls-Royce Phantom


Posted by: Oluwaseun Adeniji

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What an exquisite way to arrive at a traditional festival, in a luxury Rolls-Royce Phantom. This is how billionaire Subomi Balogun arrived at the Ojude Oba festival!

Who is Subomi Balogun?

Otunba Olasubomi Balogun is a Nigerian billionaire and the founder of the First City Monument Bank. He studied at Igbobi College and London School of Economics where he met Yakubu Gowon.

Subomi Balogun used to join Ministry of Justice, being a Crown Counsel. In 1966, he moved to Nigerian Industrial Development Bank and found his special interest in this field. In 1979, he set up First City Merchant Bank.

There's no official report on Subomi Balogun's net worth at the moment but the figure should not be less than $700 million.

Subomi Balogun Rolls-Royce

Just recently, Naijauto saw this billionaire arrived in his bespoke Rolls-Royce Phantom for the Ojude Oba festival.


Otunba Subomi Balogun is one of the few quiet billionaires in Nigeria that few people know about

The Olori-Omoba of Ijebu and Asiwaju of Ijebu Christians is reported to have not less than eleven Rolls-Royce products in his luxury garage, which include a Rolls-Royce Phantom for the 2014 model year. He is among the wealthy Nigerians who don’t make noise about their super expensive lifestyle.

>>> Why do billionaires love Rolls Royce cars? Could be because of this: Luxury Rolls-Royce cars & how they are made


What a grand way to attend a traditional festival in a privately owned bespoke Rolls Royce Phantom

The 2019 festival edition was sponsored by Globacom, and was held 2 days after the celebration of Eid-el-Kabir festival. Several dignitaries were in attendance, amongst them Otunba Gbenga Daniel, former Governor of Ogun State, Oba Lamidi Adeyemi, Alaafin of Oyo and Kensington Adebutu, Lotto tycoon and popularly known as ‘Baba Ijebu’.


A birthday cake in the shape of Rolls-Royce, how cool!

>>> Also see celebrity news on Naijauto.com for more updates of star autos!

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Oluwaseun Adeniji

Oluwaseun Adeniji

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Oluwaseun Adeniji is a passionate writer and a poet with special interest in writing about cars. He is a master degree holder in international conflict and management. He enjoys feeding the public with the latest auto gist and well researched car reviews. He is also a strong football lover. So, if Oluwaseun is not writing, expect him to be reading about sports.

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