By Tony Obiechina, Abuja
Pursuant to the provision of Section 282 (1) of the Investment and Securities Act, 2007, the federal government has approved the appointment of Mr. Shehu Kuta as the Chief Registrar, Investment and Securities Tribunal (IST).
In a statement by Yunusa Tanko Abdullahi, Special Media Adviser to Finance on Thursday, the appointment is with effect from February 16, 2023. The post of the Chief Registrar Investment and Securities Tribunal became vacant on September 8, 2022 when the incumbent retired from service.
Prior to his appointment, Mr. Shehu Kuta according to the statement, was the Deputy Registrar/Director, Planning Research and Statistics, IST and the most senior lawyer in the IST. Since the departure of the former Registrar on 8th September, 2022, Mr. Kuta has been Acting in that position. He has put in 17 years in the IST.
The position of Chief Registrar is strictly for lawyers, therefore Mr. Kuta the most senior lawyer in the IST was appointed from within to fill the post in order to ensure a seamless transition and boost the morale of the staff in the IST and give them the hope that they can rise to the very top in the Tribunal.
Similarly, the appointment appears to be in line with the leadership succession seen recently in other Agencies under the Federal Ministry of Finance, Budget and National Planning, where internal candidates were elevated to top positions.
It is noteworthy that Mr. Kuta has been a legal practitioner and capital market registrar, traversing the tribunal legal services department, registry department, administration and procurement department, technical operations department etc.
Mr. Kuta is a graduate of Usman Dan Fodio University, Sokoto, the Nigeria Law School, Lagos and Obafemi Awolowo University, Ile-Ife. Mr Kuta also studied at the Institute of Chartered Mediators and Conciliators’, Abuja, Nigeria, The Chartered Institute of Taxation of Nigeria, Lagos, Institute of Capital Market Registrars, Lagos, Nigeria, and Bureau of Public Procurement.
Among others, he specialises in investment and securities law, administrative law, public procurement law and regulations, and corporate management and finance law. He has enormous experience and skill in legal analysis, capital market analysis, securities registration, public procurement, legal drafting, mediation, law reporting, and law review.
