The federal government has reconstituted the Investment and Securities Tribunal (IST) as a practical step towards restoring investors’ confidence in the capital market and repositioning it to contribute positively to the country’s economy.
The Investment and Securities Tribunal was dissolved in compliance with the Federal Government’s directive on dissolution of Boards of Parastatals, Agencies, Institutions and Government owned Companies conveyed in circular Ref. No. SGF.19/S:18/XIX/964 dated 16th October, 2015.
The reconstitution and inauguration of the Investment and Securities Tribunal (IST) is expected to enhance its effectiveness and efficiency in handling the daily rising number of the new cases in the Capital Market.
The reconstituted ten-man Investment and Securities Tribunal (IST), which has Siaka Isaiah Idoko as the Chairman, was inaugurated on Tuesday by the Minister of Finance, Mrs. Kemi Adeosun.
Other members are: Jude I. Udunni, Mr. Nosa Osemwengie, Abubakar A. Ahmad, Albert L. Otesile, Emeka Madubuike , Kasumi Garba Kurfi, Edward O. Ajayi , Onyemaechi E. M. Elujekor , Mamman Bukar Zargana.
Speaking at the inauguration, the Minister said the delay in reconstituting the Tribunal was to enable the Government carefully overhaul the system and ensure that credible, competent and experienced people are brought in to effect the desired change.
