The Nigerian Stock Exchange (NSE) has expressed shock over the death of Nigeria’s first indigenous stockbroker, Dr. Gamaliel O. Onosode at the age of 82.
Commenting on the development, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, OON, 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-operationalize the Fund in 2012. We will sorely miss him. However, we take solace in his laudable achievements which will remain indelible in the annals of Nigeria’s history.
On behalf of the Council, Management and Members of the NSEwe offer our heartfelt condolence to the Onosode Family.
Our thoughts and prayers are with them at this challenging time.”
Major Contributions of Dr. G.O Onosode to the Nigerian Capital Market, include,
• Chaired quoted companies across diverse sectors including blue chip firms like Cadbury.
• Founded the first indigenous stockbroking firm, Nigeria Stockbrokers Limited, where he was Chairman until demise.
• Inaugural Chairman of the Investors’ Protection Fund
• Former Council Member, The Nigerian Stock Exchange
• Council Member, Chartered Institute of Stockbrokers
• Chairman, Board of Fellows, Chartered Institute of Stockbrokers