The Securities and Exchange Commission has said that the capital market, which is considered the catalyst for economic growth, must be sustained by an effective and efficient dispute resolution mechanism by adjudicators who are subject matter experts to engender investors’ confidence.
Yuguda stated this during a one day workshop organised by the Investmebrs and Securities Tribunal in collaboration I’ll with the Nigeria Bar Association wity the theme “Law, Practice and Procesure of the IST” held at the SEC head office in Abuja, Wednesday.
Represented by Executive Commissioner Commissioner Legal and Enforcement of SEC Mr. Reginald Karawusa, Yuguda said the workshop is important for legal Practitioners who appear before the IST on behalf of their clients and lawyers who generally practice in the capital market.
“Lawyers play very prominent roles in Capital market and as such should not only how to structure transactions but also have clear knowledge of the procedure and the practices of appearing before the IST”.
In his remarks, Chairman of IST, Mr. Amos Azi said that by the Securities And Exchange Commission Act of 1988 the Federal High Court was vested with jurisdiction over violations arising from capital market transactions.
