The Nigerian Stock Exchange (NSE) has announced that it is in mourning following the demise of Nigeria’s first indigenous stockbroker, Gamaliel Onosode at the age of 82.
Commenting on the development, the Chief Executive Officer of the NSE, Oscar Onyema, said, “We received the saddening news of Dr Gamaliel Onosode’s death. This is a great loss to the Nigerian capital market. He was an exceptional, forthright and inspirational leader whose life exemplifies all the values dear to the NSE.
“He was a man of integrity and the best we could find as the Chairman of the Board of Trustees for the NSE’s Investors’ Protection Fund, when we decided to re-operationalise the Fund in 2012. We will be solely miss him. However, we take solace in his laudable achievements which will remain indelible in the annals of Nigeria’s history.”
Mr. Onyema said, “On behalf of the Council, Management and Members of the NSE, we offer our heartfelt condolence to the Onosode Family. Our thoughts and prayers are with them at this challenging time.”
Major contributions of the late Onosode to the Nigerian Capital Market include: Chairing quoted companies across diverse sectors including blue chip firms like Cadbury; Founding the first indigenous stockbroking firm, Nigeria Stockbrokers Limited, where he was Chairman until his demise; Inaugural Chairman of the Investors’ Protection Fund; Former Council Member, The Nigerian Stock Exchange; Council Member, Chartered Institute of Stockbrokers; and Chairman, Board of Fellows, Chartered Institute of Stockbrokers.