Investment tribunal nets N1trn from over 300 cases since inception

The Investments and Securities Tribunal(IST) has within two decades of existence adjudicated over 300 cases with monetary value of about N1trillion, Chairman and Chief Executive officer of the Tribunal, Mr. Amos Isaac Azi has said.

The IST boss disclosed this Wednesday in Abuja in a breakfast meeting with Members of Finance Correspondents Association of Nigeria(FICAN).

He described the organisation as a foremost organ of government that boosts investor confidence and contributes significantly to the ease of doing business in the country.

The chairman said looking at how the Tribunal has been consistently rated high by the Ethics and Integrity Compliance Score card for Ministries Departments and Agencies (MDAs), “it is definitely a confidence booster for anyone who wants to invest in the Nigerian Capital market.”

The Tribunal Chairman said the agency has been  successfully carrying out its mandate of mediating between aggrieved investors in the capital market without anybody mentioning its invaluable contributions to the success of the capital market and the Nigerian economy.

Mr. Azi solicited the support of FICAN to give the IST better publicity and “tell the general public how the Tribunal ensures that capital market disputes are resolved within 90 days hence the need to approach the Tribunal for faster adjudication on issues of capital markets disputes.”

Responding, Chairman of FICAN, Mr Bassey Udo appreciated the Tribunal for taking a bold step in collaborating with FICAN in it’s image building processes adding that the Tribunal will not regret the decision but rather have a partner they can be proud of.