IST Solicits Investors’ Co-operation On Dispute Resolution

  L–R: Tinuade Awe, Executive Director, Nigerian Stock Exchange (NSE)  presenting a replica of the closing gong to Mr. Siaka Isaiah Idoko-Akoh, Chairman/CEO of Investment and Securities Tribunal (IST) during a courtesy visit to the Exchange and Closing Gong Ceremony on Monday, May 7^th 2018 in Lagos

By WILLIAM ANAEBONAM, Lagos

The newly constituted board of the Investments and Securities Tribunal (IST), lead by its Chairman and Chief Executive Officer, Mr. Siaka Idoko Akoh were at the Nigerian Stock Exchange (NSE) to solicit for the co-operation of the Exchange and stockbrokers.

Mr. Akoh explained that the IST is a specialized fast track court dedicated for dispute resolution in the capital market .

He recalled that it was created pursuant to section 274 of the Investments and Securities Act (2007) for the efficient operation of the market and promotion of investors’ confidence.

According to the Chairman, the Tribunal serves to enhance the integrity of the Nigerian capital market and foster good corporate governance.

He maintained that disputes before the IST are resolved in a very transparent, flexible, cost effective and efficient manner within three months of the commencement of the hearing of the substantive suit.

However, he noted that through a long line of decided cases, the Tribunal had been able to evolve a unique jurisprudence for the Nigerian capital market.