Renowned Stockbroker, Okumagba Dies At 56

November 20, 2020
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By Seun Adeuyi

Nigeria has lost one of its frontline economists and stockbrokers, Albert Okumagba. He was 56. 

Okumagba reportedly collapsed in his Abuja office on Thursday morning during a meeting. His remains have since been deposited at Maitama hospital. 

He was a chartered stockbroker born on April 4, 1964 in Warri, Delta State.
Okumagba, who served as director in many companies, became MD/CEO of BGL Ltd from 1995 until 2016.

While in the company, he was accused of market infraction, which subsequently earned him a life ban in 2017 from the Securities and Exchange Commission (SEC). 

At various times, he was chairman of the Capital Market bodies association and led high-profile investment and economic growth initiatives at various levels including national and international levels.

A Scion of the very famous and most outstanding Okumagba dynasty of Okere-Urhobo, Warri, Delta state, Okumagba made his mark in Nigeria’s economic terrain at early age, traversing various sub-sectors of national economic development. 

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