Capital Market Community Pays Tributes To late Onosode

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Gamaliel Onosode

Stakeholders in Nigerian capital market has continued to pay tribute to the first indigenous number one stockbroker in the country late Gamaliel Onosode who passed on at the age of 82 in Lagos. Commenting on his demise, the Chief Executive Officer of The Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema said We received the saddening news of Dr Gamaliel Onosode 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 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 history. 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. A former President of the Chartered Institute of Bankers of Nigeria and also a Stockbroker, Mazi Okechukwu Unegbu, said that the country had lost a gem and an epitome of moderation and simplicity.

In the same vain, the President, Association of Stockbroking Houses of Nigeria, Mr. Emeka Madubuike, said that Onosode played a role in the stability of the capital market and the economy in general.

Madubuike noted that Onosode contributed to the country economic development as the chairman of various quoted companies and the Nigerian Stock Exchange Investor Protection Fund.

The Managing Director, APT Securities and Funds Ltd., Garba Kurfi, also said that Onosode death was a great loss to the entire capital market community.

Kurfi said that Onosode was also instrumental to the transformation of the capital market through efficient policies.

We cannot forget him; Onosode was one of the greatest contributor to the market; the first doyen to be lost and we will surely miss him, Kurfi added.

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