Petition Claims Illegal Appointment of Investment Tribunal Chair

The Prominent Advocacy Group has raised concerns with the Nigerian Senate regarding the alleged illegal appointment of Barrister Aminu Junaidu as the chair of the Investment Tribunal by the Secretary to the Government of the Federation (SGF), Godswill Akpabio. The group, represented by Aris Madi, argues that this appointment breaches the Investment Securities Act of 2025, which mandates that the chairman must have at least 15 years of experience in capital market matters.

They highlight that Barrister Amo Isaac Azi was reappointed by President Bola Tinubu on August 13, 2025, and that Junaidu's appointment purportedly overrides this valid appointment, rendering it ultra vires and null. The group emphasizes the importance of adhering to legal standards to maintain investor confidence and regulatory certainty in Nigeria's capital market.

They have submitted a petition to the Senate, urging a comprehensive investigation into the matter to ensure compliance with the law.