FCT: Frontline economist, Albert Okumagba dies at 56

NIGERIA’S frontline economist, banker and stockbroker, Albert Okumagba has died at the age of 56.

Okumagba reportedly died in Abuja, the federal capital territory (FCT).

The cause of death could not be ascertained as of the time of filing this report as the family were still awaiting autopsy report.

The late economist was, however, reported to have complained of stomach ache two days before his demise.

This is coming barely 24 hours after another Urhobo prominent son,  Prof Peter Ekeh, Founder of the Urhobo Historical Society (UHS), had passed on Wednesday.

Shock, disbelief and sadness have been the general reaction of most people to the sudden death of the businessman and economist, who was the ex managing director of BGL.

Okumagba, who relocated about a year ago to the Federal Capital Territory (FCT), was said to have maintained a low life in the capital city after having a raw deal with anti-graft agencies.

Okumagba, the Group Managing Director of BGL Group, parent body to BGL Securities Limited and BGL Asset Management Limited, was reputed for significant roles played in the nation’s stocks brokerage subsector.

He was born on April 4, 1964.