By Modupe Gbadeyanka
The Securities and Exchange Commission (SEC) has commiserated with the family, the National Assembly, the government and people of Osun State over the loss of Senator Isiaka Adetunji Adeleke.
SEC, in a statement issued on Monday, described the death of Senator Adeleke as a “great loss to the Nigerian capital market and to our great nation.”
The deceased was the Chairman of the Senate Committee on Capital Market and the first executive Governor of Osun State. He died on Sunday, April 23, 2017 in Osogbo, Osun State at the age of 62.
In the statement, SEC said Senator Adeleke was very instrumental to the advancement of various programmes targeted at the growth of the Nigerian capital market.
“More notable is his membership of the Capital Market Master-Plan Implementation Council (CAMMIC). As a member of CAMMIC the late Senator Adeleke was very pivotal in the advocacy campaign for ownership of the 2015-2025 Nigerian Capital Market Master-Plan,” SEC said.
“As a resolute advocate for implementation of the Master-Plan, the late Senator Adeleke till his death, remained supportive to the activities of SEC tailored towards implementing the initiatives of the Nigerian Capital Market Master-Plan.
“This unwavering support was exhibited in June 2016, when the Senator in conjunction with other legislators championed a call for the amendment of laws which affected investment business in Nigeria.
“A similar feat re-occurred in March 2017, when he chaired a public hearing which has set in motion the process for the creation of an Unclaimed Dividend Trust Fund.
“The activities of the Commission under his leadership of the Senate Committee on capital market had flourished.
“His total commitment to the development of the capital market, stirred the entire capital market community to undertake a review of laws with the aim to reposition the Nigerian economy.
“Before his death, the charismatic Senator was also set to sponsor various bills which seek to amend certain laws as recommended by the capital market community,” the statement said further.
Adedapo Adesanya