IST Boosts Confidence In Nigerian Capital Market – Azi

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BY BLESSING NKEREUWEM – The Chairman of Investments and Securities Tribunal (IST), Amos Azi has described the Tribunal as one of top-tier organisations contributing significantly to the ease of doing business in Nigeria.

Azi said given its consistent high rating by the Ethics and Integrity Compliance Score Card for Ministries Departments and Agencies (MDAs), the Tribunal remains a confidence booster for those seeking to gainfully invest in the Nigerian Capital market

His comment comes against the backdrop of the Tribunal’s positive rating that moved from 46 percent in 2021 to 69.25 percent and 69.80 percent in 2022 and 2023 respectively.

Speaking when the Executive Committee members of the Finance Correspondents Association of Nigeria (FICAN) visited him in Abuja, Azi however said despite its success story in handling mediation among aggrieved investors in the capital market, stakeholders and the public are yet to fully appreciate the Tribunal’s robust engagement and contributions to the Market’s success in particular and the Nigerian economy in general.

Accordingly, he urged FICAN to deploy the goodwill of its members in selling the IST and creating public awareness about the Tribunal’s capacity to ensure capital market disputes are resolved speedily and within 90 days period.

L-R: Bassey and Azi in warm handshake

For him, it is important to educate all players in the sector to explore existing opportunities and always approaching the Tribunal for faster adjudication and resolution of issues around capital markets disputes.

In his remarks at the occasion, Chairman of FICAN Bassey Udo said as critical stakeholders, the Association members are ready to cooperate and support the IST in ensuring the public is kept abreast of its activities and contributions in growing the Nigerian economy on a sustainable basis.

Bassey urged the IST to embrace the opportunity of partnering with FICAN for its effective service and mandate delivery going forward.

FICAN is an umbrella body of journalists covering business and financial sectors of the nation’s economy.

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