IST chairman calls for more capital market support

Barbara Bako, Abuja.

Amos Azi, Chairman of the Investments and Securities Tribunal (IST), has urged more support from the Nigerian capital market, highlighting that only three institutions presently support the Tribunal.

Azi emphasized that the Investments and Securities Tribunal (IST) must be safeguarded, encouraged, and promoted for its crucial role in bolstering investor confidence in the Nigerian capital market, benefiting all market participants. This plea aligns with his call for increased support from the capital market institutions.

This was stated during a Monday courtesy call by the Executives of the Chartered Institute of Stockbrokers (CIS) in Abuja.

Further, the IST Chairman stated that since the Tribunal’s founding, no decision has been reversed due to an incorrect assessment of the facts.

He added that anyone, with or without legal representation, may contact the Tribunal for assistance with issues pertaining to violations in the Nigerian Capital Market.

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Given that IST is a key component of the infrastructure that increases investor confidence in the Nigerian Capital Market, Azi urged institutions operating within the capital market to support the Tribunal.

Oluropo Dada, president of the Chartered Institute of Stockbrokers (CIS), expressed that the CIS is open to working with IST to provide staff with training both domestically and internationally in their capacity as IST’s nominating body.

The purpose of the visit, according to Dada, was to acquaint IST’s new Executives with the Tribunal’s hierarchy and establish a mutually beneficial partnership between the two organisations.

The highlight of the visit was the presentation of the book titled ‘History of the Nigerian Capital Market’ written by the Institution to the IST Chairman.