The Securities and Exchange Commission on Wednesday paid tribute to the late Gamaliel Onosode, saying he left a legacy that could spur economic development in Nigeria.
A statement by the commission said its executive management and staff noted with grief the sad demise of Onosode in Lagos on Tuesday aged 82.
It said, “Dr. Gamaliel Onosode has left behind a legacy of building strong and lasting institutions capable of leading Nigeria’s economic development.
“The SEC and the capital market community are implementing Nigeria’s 10-year capital market master plan which will make Onosode’s dream of a modern Nigerian capital market a reality.”
The commission, which described the late Onosode as one of Nigeria’s foremost capital market experts, noted that he served as the inaugural President of the Chartered Institute of Stockbrokers from 1995 to 2001.
Prior to that, it said, he had established an enviable reputation as a boardroom guru serving as Board chairman of numerous corporations including Dunlop Nigeria Plc, Cadbury Nigeria Plc and Zain Nigeria Limited.
The SEC added that during an illustrious career, spanning both the private and public sectors, Onosode was a chief proponent of reforms, famously chairing the Presidential Commission on Parastatals in 1981.
He was also an Adviser to President Shehu Shagari on budget affairs, helping to inspire discipline in public finance.
Notably, it explained that his important work during the Second Republic earned him the respect and admiration of successive administrations since then.
It added, “Onosode was a quintessential professional helping to establish and lead some of Nigeria’s most prestigious professional organisations like the Association of Pension Funds in Nigeria and the Nigerian Institute of Management. He was also a fellow of the Chartered Institute of Bankers.”
Born in Sapele, Onosode studied at the University of Ibadan. He was a notable disciplinarian and embodied corporate governance principles, leading to him being nicknamed ‘Mr. Integrity’, the statement said.
It added that he was passionate about environmental issues as a founding leader of the Niger Delta Environmental Survey and that he was a devout Christian and philanthropist.
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Source : Punch