FCMB Founder, Subomi Balogun Donates N5b Paediatric Centre To UI, UCH - News at its peak

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FCMB Founder, Subomi Balogun Donates N5b Paediatric Centre To UI, UCH

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Founder of First City Monument Bank (FCMB) Otunba Subomi Balogun on Thursday handed over his N5billion Otunba Tunwase National Paediatric Centre, Ijebu-Ode, Ogun State, to the University of Ibadan and the University College Hospital (UCH), Ibadan.



Group Chief Executive of FCMB Group Plc/Chairman, Otunba Tunwase Foundation, Mr. Ladi Balogun (middle), flanked from left by the Chief Medical Director, University College Hospital (UCH), Professor Jesse Otegbayo: Personal Assistant of the Founder of FCMB Group, Mrs. Olubusola Adekusibe; Chairman of the Interim Management Committee of Otunba Tunwase National Paediatrics Centre (OTNPC), Dr. Adeyinka Hassan and Provost, College of Medicine, University of Ibadan (UI), Professor Olayinka Omigbodun, during the formal handover of the Hospital, (solely funded and built by the Founder of FCMB Group, Otunba Olasubomi Balogun), to UI and UCH as a total gift. The ceremony was held at the hospital complex in Ijebu-Ode, Ogun State on January 19, 2021.



The facility was built by the elder statesman to render specialised health care service, particularly to children in Ijebu-Ode and those in other parts of the country.

The handing over was preceded by a resolution and signing of a Memorandum of Understanding (MoU) last October 1 between the parties.



Following the MoU, UCH is mandated to provide clinical services, UI will engage in research and other academic work, while medical students from the university will be involved as part of their practical.

Handing over the centre located on Ijebu-Ode-Benin Expressway, the Group Executive and Chairman of the Board of Otunba Tunwase Foundation, Ladi Balogun, said his father was inspired to build the centre 11 years ago following his experience at the children’s unit of the UCH, Ibadan, where he had first-hand knowledge of ailing children’s plight.


He said his father was motivated to build the world-class facility after an interaction with the former Minister of Health, the late Prof. Olikoye Ransome-Kuti.

UI Acting Vice Chancellor Prof. Adebola Ekanola expressed his delight at the official hand over of the hospital to the university and UCH.

Ekanola, represented by the Provost, College of Medicine, Prof. Yinka Omigbodun, hailed the founder of the centre for handing over the management of the hospital to the institutions.

The Chief Medical Director, UCH, Prof. Jesse Abiodun Otegbayo, pledged to replicate the high standard of health care services offered at the UCH at the centre.

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