Albert Okumagba, Foremost Nigerian Stockbroker, Economist Dies @ 56

Albert Egbaroghene Okumagba, one of Nigeria’s most prominent financial players has died at 56.

Okumagba, Delta-born economist and stockbroker, was the managing director of BGL Securities Limited and BGL Private Equity Ltd and was a major player in some of the country’s major financial engineering schemes.

Reports had it that he died in Abuja on Thursday of a likely heart attack.

He was born into the popular Okumagba family of Warri in Delta State.

Okumagba was a member of the Chartered Institute of Stockbrokers and graduate of Lagos Business School (LBS).

Although no official statement has emerged from the family, Chief James Ibori, a former governor of Delta State, confirmed the passage of late Okumagba on his Facebook page, asking rhetorically: “Egba Why? Rest in Peace my dear brother.”

Born in April 1964, Okumagba attended Federal Government College Warri, 1975-81; Kings College Lagos, 1983; University of lbadan and University of Lagos. He had Bachelor’s and Master’s Degrees in Economy.