SEC mourns late Senator Isiaka Adeleke

Mounir Gwarzo

The Securities and Exchange Commission has issued a condolence statement on the sudden death of late Senator Isiaka Adeleke.

Until his death, Senator Isiaka Adeleke was the Chairman of the Senate Committee on Capital Market and 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).

According to the statement, the SEC said Senator Adeleke’s membership of the CAMMIC the Late Senator Adeleke was very pivotal in the advocacy campaign for ownership of the 2015-2025 Nigerian Capital Market Master-Plan.

The Commission said:

“As a resolute advocate for implementation of the Master-Plan, the late Senator Adeleke till his death, remained supportive to the activities of the Securities and Exchange Commission tailored towards implementing the initiatives of the Nigerian Capital Market Master-Plan. This unwavering support was exhibited in June 2016, when the Distinguished 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”.


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