Posted by Ekeoba, Lagos on
The meltdown in the capital market which caused investors about N4 trillion loss in their investment might have claimed its first casualty as a chief executive officer of a leading stockbroking firm slumped and died after the meeting with the authorities of the Nigerian Stock Exchange on Tuesday.
The meltdown in the capital market which caused investors about N4 trillion loss in their investment might have claimed its first casualty as a chief executive officer of a leading stockbroking firm slumped and died after the meeting with the authorities of the Nigerian Stock Exchange on Tuesday. A closed door meeting was held by the council of the NSE with chief executives of stockbroking firms in Lagos on Wednesday to strategise on how best to return the stock market to normalcy.
The meeting, which lasted for several hours, saw the chief executives trading on the floor for that day as against junior stockbrokers who trade alongside some senior brokers for their various houses. The NSE had described the chief executives trading for the day as novelty. The cause of the death of Mr. Ikechuwu Agbakoba, who owns Maninvest Asset Management Limited, could not be ascertained at the time of going to press, but he was said to be hale and hearty and had participated actively at the Tuesday's meeting.
Speaking with the Nigerian Tribune on the matter, the Principal Manager on Media at the NSE, Mr. Sola Oni, said "I don't know whether he attended the event. "They are so many and not until you have personal dealings with them, you hardly know them by name. Presently, I am handicapped on the matter."