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Nairametrics
Home Companies Corporate Press Releases

Otunba Subomi Balogun officially hands over Otunba Tunwase National Paediatrics Centre to UI and UCH

NM Partners by NM Partners
January 26, 2021
in Corporate Press Releases
Otunba Subomi Balogun, the octogenarian banking legend
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The Founder of FCMB Group and notable philanthropist, Otunba Olasubomi Balogun (CON), has formally handed over his Otunba Tunwase National Paediatrics Centre (OTNPC), located at Ijebu Ode, Ogun State, to the management of the University of Ibadan and the University College Hospital (UCH). The gesture is part of his conscious efforts towards ensuring that Nigerians, especially children, have access to world-class healthcare facilities and specialised treatment services. The cost of the hospital is estimated at over N5 billion.

The transfer of the hospital to UI and UCH was preceded by the signing of a Memorandum of Understanding (MoU), which clearly states how the Centre is to be managed by the parties, on October 1, 2020, in Lagos.

The formal hand over ceremony, which took place on January 19, 2021, in the premises of the hospital, was attended by the Group Chief Executive, FCMB Group and Board Chairman, Otunba Tunwase Foundation, Mr. Ladi Balogun; the Group Head, Corporate Affairs of FCMB, Mr. Diran Olojo; the Acting Vice-Chancellor of the University of Ibadan, Professor Adebola Ekanola, (who was unavoidably absent), was represented by the Provost of the College of Medicine, Professor Yinka Omigbodun; the Management of University College Hospital, led by its Chief Medical Director, Professor Abiodun Otegbayo; the Interim Transition Management Committee of OTNPC led by the Chairman, Dr. Adeyinka Hassan, as well as other eminent personalities.

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In his address, the Group Chief Executive, FCMB Group, Mr. Ladi Balogun, who represented the Founder of FCMB Group, Otunba Olasubomi Balogun, gave an insight to what inspired the business mogul to take up the extraordinary philanthropic project almost 11 years ago.

He recalled that “the inspiration by Otunba Olasubomi Balogun to build this great establishment started when he took over the children’s hospital at the UCH Ibadan, where he was exposed to the true plight of sick children and the high demand for world-class facilities to cater for their needs in a sustainable manner. An interaction with the then Minister of Health, late Professor Olikoye Ransome-Kuti, further propelled Otunba Balogun to do more in terms of the provision of world-class medical facilities. The exposure and interaction later became the brainchild of this N5 billion establishment, credited as a prototype of the Ormond Street Children’s Hospital in London, United Kimgdom.”

Speaking on the Banking icon’s decision to hand over the control and management of the Centre to UI and UCH, Mr. Balogun disclosed that, “at the end of its construction, some institutions requested to manage the hospital, but Otunba Balogun strongly believes that the University of Ibadan and University College Hospital are in a better position to do that effectively and further raise its status, considering their respective pedigrees.”

He further explained that “following the signing of the MoU last year by all the concerned parties, the resolution is that while the University College Hospital has been mandated to provide clinical services, the University of Ibadan will engage in research and other academic works, while students from UI would also be involved as part of the training”.

Appreciating the gesture, the Chief Medical Director, UCH Ibadan, Professor Otegbayo, said that it is an indisputable fact that the health and welfare of society are critical to the development of any community.

According to him, “We at the UCH are grateful for this opportunity to contribute to the well-being of residents in Ijebu community, Ogun State and Nigeria at large. We promise that as soon as all the legal nuances are sorted out, we shall fully move in and continue with what UCH is known for; unequalled provision of health care services, research and training.”

Commenting further on Otunba Balogun’s continuous generosity, he stressed that, “the UCH is not just witnessing the generosity and benevolence of Otunba Balogun now. Many years ago, he endowed the Otunba Tunwase Children Emergency Ward in UCH and he has been funding the Ward since then. A lot of children have been saved there, while training and research in Paediatrics have been going on unhindered.”

In her remarks, the Provost, College of Medicine, Professor Omigbodun, expressed delight at the official hand over of the hospital to both the university and UCH. She lauded Otunba Balogun for handing over the management of the hospital to the institutions.

According to her, “We are extremely grateful to Otunba Subomi Balogun for this generous contribution to the medical sector. This Centre would certainly contribute immensely to the training and research activities carried out by our academics. It is our hope that other Nigerians who have achieved greatness in their various fields would emulate him.”

Otunba Subomi Balogun is a well-known statesman, entrepreneur and philanthropist with several charitable projects and programmes for the people of his hometown of Ijebu-Ode, as well as many other parts of Nigeria. His philanthropy ranges from the provision of this world-class medical facility to education, capacity building, youth empowerment and other socio-economic initiatives, aimed at enhancing the development of humanity and society in general.


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"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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Comments 1

  1. Okon Edem Christopher says:
    January 26, 2021 at 11:53 am

    Wow! Congrats Chief you are a worthy Son of Ijebu Land and a distinguished Nigerian, God Bless You

    Reply

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