Mr. Amos Azi, Chairman of the Investments and Securities Tribunal (IST), has hailed the institution as a key organ of government that increases investor confidence and significantly adds to the country’s ease of doing business.
He spoke while meeting executive members of the Finance Correspondents Association of Nigeria (FICAN) Abuja, who paid a visit to the Tribunal’s headquarters in the federal capital city on Tuesday.
He stated that the IST has successfully carried out the mediation task among dissatisfied investors through its capital market dispute resolution mechanism, an accomplishment that he believes deserves credit in the development of the Nigerian capital market, in particular, and the economy in general.
The chairman stated that the Tribunal’s continual high rating on the Ethics and Integrity Compliance Score Card for Ministries, Departments, and Agencies (MDAs) is “definitely a confidence booster for anyone who wants to invest in the Nigerian capital market.”
The Investments and Securities Tribunal received a 46% rating on the Ethics and Integrity Compliance Score Card for Ministries, Departments, and Agencies (MDAs) in 2021, but 69.25% and 69.80% ratings in 2022 and 2023, respectively.
Mr. Azi then sought FICAN’s cooperation to increase the IST’s visibility 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.”
IST
Responding, Mr Bassey Udo, Chairman of FICAN in Abuja, committed to encourage FICAN members to pay greater attention to Tribunal problems in order to raise public awareness of its actions.
Source: vanguardngr.com
