The Chairman of the Investments and Securities Tribunal (IST), Mr. Amos Azi, has described the Tribunal as one of the foremost organisations that are significantly contributing to the ease of doing business in the country in line with its statutory mandate.
Azi, who spoke when the executive team of the Finance Correspondents Association of Nigeria (FICAN) paid him a courtesy visit in Abuja, said considering how the Tribunal had been consistently rated high by the Ethics and Integrity Compliance Score card for Ministries Departments and Agencies (MDAs), the Tribunal remained a confidence booster for investors in the Nigerian capital market.
According to him, the Ethics and Integrity Compliance Score Card for Ministries, Departments and Agencies (MDAs) had rated the Tribunal 46% in 2021 but in 2022 and 2023 the IST was rated 69.25% and 69.80% respectively.
The Chairman further said the Tribunal had been successfully carrying out the mediation task among aggrieved investors in the capital market but that the activities were not being reported by the media despite the contributions to the growth of the capital market and the Nigerian economy.
The investment expert 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 the association, Mr. Bassey Udo, promised to get FICAN members to pay more attention to issues from the Tribunal in order to publicize its activities through reportage.
FICAN is the umbrella body of finance correspondents who cover financial system of the nation’s economy.
