Bolaji Balogun, the son of late legend of banking and related spheres, Otunba Subomi Balogun is playing a prominent role in the Access Holding Plc’s N351 Billion rights issue.

As part of the Group’s strategy to enhance its working capital requirements, Access Holdings Plc is seeking to raise N351 Billion by offering shares to existing shareholders.

Subject to approval of the Securities and Exchange Commission (SEC), the Acceptance and Application Lists for the Rights Issue are expected to open on Monday, July 8, 2024, and close on Thursday, August 8, 2024.

Bolaji Balogun is playing a prominent role in the exercise through Chapel Hill Denham the firm – now a group – he founded in 2005.

Chapel Hill Denham is the Lead Issuing House to the Offer.

The development comes barely three years after grounded investment banker did the same role in highly successful MTN Nigeria shares sale.

Chapel Hill Denham with Balogun as Chief Executive Officer served as the lead issuing house in the oversubscribed  MTN Nigeria sale of 575million shares – plus a reserved 86million shares.

Checks, however, revealed that the preference for Bolaji Balogun and Chapel Hill Denham are star features in serious rights offers does not come as much of a surprise to those in the know based on his background.

Bolaji, one of the old students of Igbobi College Lagos (they pride themselves as “Noble Nigerians”) is synonymous with groundbreaking deals before – and after – he founded Chapel Hill Denham.

The Banker’s son who started his professional journey in investment banking and securities trading under the wings of the First City Group – after his return from the United Kingdom where he studied at Charterhouse School, Godalming, Surrey, and his first degree in Economics at the London School of Economics and Political Science, University of London – played a major role in Econet ( overtime transformed into Airtel ) becoming Nigeria’s first mobile operator by winning the $285 million GSM license bid of 2001.

The husband of Kemi, who is the daughter of Frank Aig Imoukhuede – the respected man of Letter – “led the capital raising and license bid auction process for the Econet Wireless Nigeria license”.

This was after he had honed his skill and proved his mettle as the Executive Director/Chief Operating Officer at CSL Stockbrokers Limited.

After Econet secured its GSM Wireless, the father of five children went on to become one of the founding Directors and occupied the positions of Chief Business Development and Strategy Officer and later Chief Marketing Officer.

Credited with planning and executing what is identified as the largest successful exit from private investment – $1.67 billion sale of Econet Wireless to Celte in 2005-, Bolaji has done extremely well for himself in professional and financial ratings before he founded Chapel Hill Denham which has soared him beyond “measures” based on how well the journey has turned out.