Economist and Investment Expert Albert Egbaroghene Okumagba Dies at 56

Renowned Nigerian economist, investment expert, and stockbroker Albert Egbaroghene Okumagba has passed away at the age of 56. According to a family source, Okumagba died of a suspected heart attack at Maitama District Hospital in Abuja. Born in April 1964 in Okere-Urhobo town, Warri, Delta State, Okumagba held degrees in economics from the University of Ibadan and the University of Lagos. He was a Group Managing Director of BGL Group, a leading investment banking and financial services group, but was suspended and later banned from operating in the capital market by the Securities and Exchange Commission (SEC) in 2015.

Key Takeaways:

• Albert Egbaroghene Okumagba, a former Delta State gubernatorial aspirant and renowned economist, passed away at the age of 56 due to a suspected heart attack.
• Okumagba, born in April 1964, held degrees in economics from the University of Ibadan and the University of Lagos.
• He served as Group Managing Director of BGL Group, a leading investment banking and financial services group, but faced controversy, including a 2015 suspension and 2017 lifetime ban, from the Securities and Exchange Commission (SEC).
• Okumagba was also the President of the Chartered Institute of Stockbrokers (CIS) between 2014 and 2015.
• His body has been deposited at a morgue in Abuja.
• Okumagba hailed from Okere-Urhobo town, Warri, Delta State.

Statistics:

• Okumagba was born in April 1964.
• He served as President of CIS from 2014 to 2015.
• He was banned from operating in the capital market by SEC in 2015.
• A lifetime ban was handed to Okumagba by SEC in 2017.
• He held degrees in economics from the University of Ibadan and the University of Lagos.

Sources:

• A family source as cited in "Former Delta State gubernatorial aspirant, Albert Egbaroghene Okumagba, is dead" published in Daily Independent.
• Securities and Exchange Commission (SEC) as mentioned in "SEC Slams Life Ban on Okumagba" published in a 2017 report.