About Equity Capital


Since incorporation in 2006, ECSL have established a track record of delivering high-caliber and comprehensive investment services for discerning investors. 

We serve a wide array of clients ranging from individuals to small businesses and to some of the largest corporations in Nigeria including government related institutions.

We provide investment, financial advisory services, capital market and other ancilliary services through partnership with financial institutions (banks and non-banks). 

At ECSL, we have a strong customer focus and fully committed to creating wealth for our customers by providing high quality services that meet their individual needs.

Our Company’s activities is currently being supervised by a five (5) man Board of Directors and our day-to-day activities coordinated by capable, versatile and dynamic management team led by Mr. Kamarudeen K. Oladosu, the Managing Director/Chief Executive. 




CHIEF ULU UKA MBA (Chairman) Chief U. U. Mba attended the famous Hope Waddell Training Institution in Calabar and obtained both the West African School Certificate and the Cambridge Higher School Certificate before proceeding to the University of Ibadan in 1964. He studied Economics and obtained an honours degree in the course in 1967.

He has over 39 years of post graduate experience in various industries. Two of those years were spent abroad with Unilever in England where he gained experience in practical marketing, sales and general management. 

Chief Mba worked with Guinness Nigeria Plc between 1971 and 2000. During this period he served in various capacities in all the key departments. The major positions occupied are:

  •  General Manager - Guinness Brewery, Ogba, Ikeja
  •  Corporate Planning/Development Manager
  •  General Manager – Marketing
  •  Marketing Director
  •  Public Affairs Director
  •  Acting Managing Director
  •  Adviser to Guinness Africa -1998 – 2000

Currently he is the Chairman of Vital Gases Limited, Chairman of Marketing Visions Limited, Director of Avery Nigeria Limited and Director of F.S. Automation Limited.

He was a member of Intercontinental Bank Plc Audit Committee; President General of his Community’s Development Union and acts in advisory capacity to many companies.  He was recently conferred with the Doctor of Philosophy in Business Administration by the Atlas University in the State of Pennsylvania, United States of America.


MAJ-GENERAL ZAMANI LEKWOT (rtd) mni, osc, fss (Director)  Gen. Zamani Lekwot was a fine military officer of repute. He   served in different capacities in the Nigerian Army and his impact was well felt.  In business, he is not left out as he serves on the Board of over ten companies.


  • Middle School, Abuja & Nigerian Military School, Zaria
  • National Defence Academy, Pune, India
  • Indian Military Academy, Dehra Dun
  • School of Infantry (Mhow) India
  • School of Infantry (Warminster), England
  • Command and Staff College Ft. Leavenworth (KS), U.S.A.
  • National Institute for Policy and Strategic Studies, Kuru
  • International Management Course, Lagos

Work Experience

  • Battalion, Commander, 1967-1969
  • Adjutant, Nigerian Defence Academy, Kaduna 1969-1971
  • Cadets’ Battalion Commander, NDA Kaduna, 1971 - 1972
  • Brigade Commander, Nigerian Army 1972 - 1974 & 1978 - 79
  • Commandant, Nigerian Defence Academy Kaduna 1979 - 81
  • General Officer Commanding 82 Division Nigerian Army, 1981 - 84
  • Military Governor of the Rivers State, 1975 – 1978
  • Ambassador Extraordinary & Plenipotentiary to the Republics of Senegal, Mauritania, Cape Verde & High Commissioner to the Republic of the Gambia


  • Giza Ventures Nigeria Ltd
  • Gazimpex West Africa Ltd
  • Lima Investments and Properties Limited
  • Living Spring Insurance Brokers Ltd
  • Southern Kaduna People’s Union Board of Trustees
  • Atyap Community Development Association Board of Trustees
  • Mapjons Nigeria Ltd
  • Atyap  Community Bank Ltd
  • Paulosa Nigeria Ltd
  • Bezalel Construction Engineering Limited
  • Ellah Lakes Plc
  • Member of the National Institute for Policy and Strategic Studies, Kuru
  • Member of the Nigerian Institute of International Affairs
  • Fellow of the Institute of Directors, Nigeria

MR. KAMARUDEEN K. OLADOSU (Managing Director/CEO)  - Mr. Oladosu attended the Commonwealth College of Commerce, Jos; holds an HND in Accountancy from the Polytechnic Ibadan.  Master of Business Administration (MBA) from Bayero University Kano, (1999), and also attended the prestigious LAGOS BUSINESS SCHOOL (Senior Manager Programme (SMP)) Jul-Nov 2005, The WHARTON SCHOOL (University of Pennsylvania)Advanced Management Program, July 2010 and HARVARD BUSINESS SCHOOL (Executive Education) - Corporate Restructuring, Mergers & Acquisitions, July 2011.

He started his career at Continental Merchant Bank (formerly Chase Merchant Bank) in 1989 in the Private/Public Unit of the     investment banking Division.  He also worked in the Asset Trading/Debt Conversion before resigning in 1993 to take up appointment with Liberty Merchant Bank as its pioneer head of Investment Banking.

Mr. Oladosu last worked in the Corporate Banking Division & Branch Management before resigning to take up appointment with Equity Bank as branch manager Kano in 1997 and later as the General Manager/CEO of EBN Securities Limited (a subsidiary of defunct Equity Bank of Nigeria Ltd) before its merger with Intercontinental Bank Plc.

Mr. Oladosu last assignment was as Head, Securities Dealing Services (SDS)of Intercontinental Bank Plc before taking up appointment as Managing Director/CEO of Equity Capital Solutions Limited.   He has attended several local and international courses and seminars in the areas of Risk Management, Accounting, Investment Management, Corporate Banking and Relationship Management.  

Mr. Oladosu was a former member of the Finance Committee of the Chartered Institute of Stockbrokers (CIS), and a former member of the Corporate Finance Management Faculty of the Chartered Institute of Accountants of Nigeria (ICAN) and a delegate to the 2012 Nigerian Economic Summit (NESG) in Abuja, Nigeria.

He is a visionary thinker with global perspective and entrepreneurial drive to solving complex business challenges. His high-performance as an executive with advanced technology experience is consistently yielding success in maximizing corporate performance, thus, driving growth, generating revenues, capturing market share, improving profits, and enhancing value in domestic and international markets.


FELIX  IKIYO ARUBERE  (EXECUTIVE DIRECTOR, Stockbroking & Capital Market Operations) - He studied Accountancy at the Rivers State University of Science and Technology and graduated in 1990. He obtained his Master of Business Administration from Edo State University (2000) and also attended the prestigious Lagos Business School (Senior Manager Programme - SMP) in 2009.

Arubere has vast experience in stockbroking and capital market activities.  He is a dynamic stockbroker with nineteen (19) years’ experience in the capital and money market.  He is a member of the Certified Pension Institute of Nigeria (2005) and an Associate Member of the Chartered Institute of Stockbrokers (1997).

Felix started his career with City-Code Trust & Investment Company Ltd in 1992 where he held various managerial positions as Internal Auditor, Accountant and General Manager (Capital Market) till 2002.  He joined EBN Securities in July, 2002 as Head Stockbroking. He has facilitated the packaging of various Public Offer/Right Issues and Private Placements. He became the Head, Emerging Markets & Dealing Services at Intercontinental Securities after the Bank consolidation in 2006 where he specialized in Trading over the Counter (OTC) Securities.  He later joined Equity Capital Solution in May 2006 as the Senior Manager, Stockbroking before rising to the position of Assistant General Manager, Stockbroking & Operations and subsequent appointment as an Executive Director in 2014.

At Equity Capital Solutions Limited, Felix has implemented best practices to improve business decision-making in the fast changing financial environment.  He is a key part of Equity Capital Solutions strategy team to develop group asset allocation policies for managed portfolios.

He has conceived and executed corporate strategy that has assisted investor in raising funds and secured lead market position in the emerging proteomics arena.


MR. ADEBIYI R. ADEWALE LLB (Hons), FCA, CPA, ACIB, ACIT, MBA, AMNIM (NON-EXECUTIVE DIRECTOR) - Mr. Adewale Adebiyi is a native of Ikirun in Ifelodun Local Government Area of the State of Osun, a graduate of Accountancy and a well-established professional,

Mr. Adebiyi is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), Associate member of the prestigious American Institute of Certified Public Accountants (CPA), Chartered Institute of Bankers of Nigeria (ACIB), Chartered Institute of Taxation (ACIT), Nigerian Institute of Management-Chartered (AMNIM), with Master’s Degree in Business Administration (MBA).

He has acquired over 20 years banking experience covering Savannah Bank of Nigeria Plc (Formerly Bank of America) where he started his banking career in 1988 and left in 1994 as a Senior Credit Officer.  He thereafter had a brief stint in Merchant Banking Corporation (MBC), a Merchant Bank.  He also worked with Accord Savings and Loans Limited (Mortgage Bankers) in 1995 before joining Equitorial Trust Bank Limited in 1998 (Now Sterling Bank Plc).

At Equitorial Trust Bank, he was the Branch Manager & Senior Relationship Manager Marina, Ereko and Opebi Branches.   He later joined Intercontinental Bank Plc (now Access Bank Plc) in 2006 where he held many, Senior Management position as Regional Head, Deposit Monitoring Group (Lagos Mainland South) and Regional Business Controller (RBC) – Lagos Mainland South Region of the Bank.

He is a man with special skills in, General Banking Operations, Credit Appraisal, Credit Analysis and Administration, Training and Manpower Development, and many more.  He is endowed with Strong Leadership and Analytical Skills, Financial Analysis and Interpretation of Financial Statements.


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Wednesday, 21st November, 2018
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