By Tony Obiechina, Abuja
The Investments and Securities Tribunal (IST) has assured that standards will not be compromised in ensuring a fair, efficient and transparent resolution of disputes in the Nigerian Capital Market.
According to the Chairman, Amos Azi, IST is focused on making Nigeria an investment destination of choice in Africa, the Tribunal is committed to continuous promotion of market confidence and integrity in line with its service mandate delivery.
He said given that the IST was established to assist developing a robust dispute resolution framework for the Capital Market, the Tribunal’s decisions have so far deepened the jurisprudence of the sector.
Azi explained that the unveiling of IST’s Kano Zonal Office, an edifice, described as a master piece, effectively “mirrors a 21st Century Legal abode for smooth adjudication of justice” by the Tribunal.
The IST boss, who spoke against the backdrop of its recently held one day Hybrid Sensitization Seminar with the theme: “Legal Profession and Capital Market Regulation in Nigeria; the Investments and Securities Tribunal in Focus”, said the seminar and the Zonal office unveiling present two important events that further strengthen and promote the Tribunal as “The Investors Court” while also lending credence to its effective operations.
Additionally, he said current developments are also meant to put the Tribunal on a pedestal as the number one Investment’s Court primed to become a reference point not only in Africa but in the global Capital Market.
The IST Chairman, while commending stakeholders’ participation in the events, expressed hope that they would maintain robust engagement as partners going forward in the overall interest and good of the market.
He said the seminar was organised as part of efforts to highlight the Tribunal’s activities to the legal public given that many people were still oblivious of its existence and the inherent capacity to aid conflict resolution arising from Capital Market disputes.
In his remarks, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who was Special Guest, urged experts from the Legal Profession, Capital Market Regulators and Financial Experts to evolve initiatives aimed at strengthening regulations and ultimately the IST for greater efficiency and effective service delivery.
The events, both on-site and online, had in attendance judges, and lawyers, as well as over 200 law students from Bayero University Kano (BUK) and Ahmadu Bello University (ABU), Zaria among others.
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