The Chairman, Investments and Securities Tribunal (IST) Amos Azi has said the Tribunal should be regarded as one of foremost organisations that contributes significantly to the ease of doing business in Nigeria.
Azi said looking at how the Tribunal has been consistently rated high by the Ethics and Integrity Compliance Scorecard for Ministries Departments and Agencies (MDAs), the Tribunal is definitely a confidence booster for anyone who wants to invest in the Nigerian Capital market.
The Ethics and Integrity Compliance Scorecard for Ministries, Departments and Agencies (MDAs) had rated the Investments and Securities Tribunal 46% in 2021 but in 2022 and 2023 the IST was rated 69.25 per cent and 69.80 per cent respectively.
The Chairman of the Investments and Securities Tribunal who was speaking when the executives of the Finance Correspondents Association of Nigeria (FICAN) paid him a courtesy call further said the IST has been successfully carrying out “mediation task among aggrieved investors in the capital market but nobody makes mention of the Tribunal and her valid contributions to the success of the capital market and the Nigerian economy.”
Amos Azi then solicited the support of FICAN to announce IST 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.
On his part, the Chairman of FICAN Bassey Udo promised to get FICAN members to pay more attention to issues from the Tribunal in order to make her activities known and embraced by the public.
FICAN is the umbrella body of Finance Correspondents who cover financial issues and the Economy.
