Stockbrokers Link Growth To Onosode’s Contributions | Independent Newspapers Limited
Newsletter subscribe


Stockbrokers Link Growth To Onosode’s Contributions

Posted: Oct 18, 2015 at 3:35 pm   /   by   /   comments (0)

The Chartered Institute of Stockbrokers’ (CIS) on Saturday attributed the institute’s growth and development to the contributions made by Dr Gamaliel Onosode.

This is contained in a statement issued by Mr Oluwaseyi Abe, CIS President and Chairman of Council  in Lagos.

The statement said that Onosode contributed immensely to the stockbroking profession and the enhancement of the status of stockbrokers in Nigeria.

It said that the institute under the leadership of Onosode started conducting independent professional examinations after taking over the certification of stockbrokers from the Nigerian Stock Exchange (NSE).

“The Institute was also admitted as a Member of Association of Professional Bodies of Nigeria during his tenure of office as president,” said the statement.

It said that Onosode was the Chairman, Board of Fellows of the Institute from Oct. 21, 1998, to May 22, 2013.

It said that he was known for his uprightness, steadfastness, dedication to service and integrity, and an embodiment of positive virtues and values which endeared many stockbrokers to him.

“Onosode consistently maintained his ‘first’ status in everything concerning the institute.

“He was the first member of the institute to pledge and redeem a donation of N1 million towards the acquisition of the CIS Secretariat in 2013,” said the statement.

The statement noted that the entire stockbroking community and stock market at large would miss his contributions.

Onosode, a frontline industrialist, technocrat and administrator, died on Sept. 29, 2015, at the age of 82.

He was educated at the Government College, Ughelli, Delta, and the University of Ibadan.

He emerged in the 1970s, as one of Nigeria’s leading educated chief executives, when he was at the helm of NAL Merchant Bank of Nigeria.