Tribunal to resolve impending capital market cases by Q1, 2018 – Kurfi

The Investment and Securities Tribunal (IST), on Wednesday, assured the investing public that the capital market disputes, involving about N370 billion before it would be resolved before first quarter of 2018.
IST was established under Section 275 of the Investments and Securities Act (ISA), 2007 as a specialised Court with statutory responsibilities to adjudicate on matters relating to capital market disputes and ensure quick dispensation of justice.
The tribunal was dissolved in October 2015 in compliance with the Federal Government’s directive on dissolution of Boards of Parastatals, Agencies, Institutions and government-owned Companies.
But the Federal Government, in September 2017, reconstituted the tribunal with Isaka Idoko-Akoh as the Chairman, Jude Udunni, Nosa Osemwengie, Abubakar Ahmad, Albert Otesile, Emeka Madubuike and Garba Kurfi, among others, as members.
Minister of Finance, Kemi Adeosun said that the delay in reconstituting the tribunal was to enable the government to carefully overhaul the system and ensure that credible, competent and experienced people were brought in to effect the desired change.

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