Albert Egbaroghene Okumagba, a popular economist and leading stockbroker in Nigeria, is dead, according to a report by Niger Delta Today (NDT).
Albert Okumagba was said to have passed on in Abuja in the early hours of Thursday at the age of 56.
Although details surrounding his death are still sketchy at the time of filing this report, it was however gathered that he died of heart related ailments.
Family sources in Warri confirmed the sad development to journalists.
He was a member of the Chartered Institute of Stockbrokers and graduate of Lagos Business School (LBS).
Until his death, he was the Chief Executive Officer and Managing Director of BGL PLC.
A former governor of Delta State, Chief James Ibori, also confirmed the passage of late Okumagba on his Facebook page.
Ibori wrote, “Egba Why? Rest In Peace my dear brother.”
However, his family is yet to officially confirm the report at the time of filing this report.
Okumagba contested the PDP governorship primaries with Governor Emmanuel Ewetan Uduaghan.
He is a former National President of Federal Government College Warri, Old Students’ Association (FEGOCOWOSA) and first President General of Unity Schools’ Old Students( USOSA).