The Chairman of the Investments and Securities Tribunal (IST), Mr. Amos Azi, has canvassed the need for more institutional support from the Nigerian Capital Market for the Tribunal to fulfil more efficiently its constitutional mandate as it relates to the development of the market.
Azi, who made this plea in Abuja on Monday when the Executives of the Chartered Institute of Stockbrokers (CIS) paid a courtesy call on the Tribunal, disclosed that currently only three institutions in the capital market were supporting the Tribunal/
According to him, the IST is an Institution that should be protected, supported and showcased because of the critical roles it in bolstering investor confidence in the Capital Market and how it works for the interest of all investors and stakeholders in the nation’s investment space.
The IST Chairman recalled that since its inception, no judgment of the Tribunal had been overturned on the ground of wrong evaluation of facts, noting that anyone with or without a lawyer can approach the Tribunal for help as it relates to infractions in the Nigerian Capital Market.
Given the importance of its roles in the capital market and the nation’s economy, Azi solicited the support of more institutions in the capital market for the Tribunal.
Earlier, the President of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, said the CIS was willing to collaborate with IST on both local and foreign trainings for staff as a nominating body on the board of IST.
The capital market expert said the visit was to introduce its new Executives to the hierarchy of the Tribunal and to bring IST into a symbiotic relationship with the institution.
One of the key highlights of the CIS leadership’s visit was the presentation of a book titled ‘History of the Nigerian Capital Market’ written by the Institution, to the IST Chairman.
