Investments and Securities Tribunal to Enhance Operations

The Investments and Securities Tribunal (IST) is preparing to adopt new rules and digitalize its operations to improve efficiency and access to justice in the Nigerian capital market. This announcement was made by the Chairman of the Tribunal, Hon. Aminu Junaidu, during a courtesy visit from Dr. Fiona Ahmed Ahimie, President of the Chartered Institute of Stockbrokers (CIS), in Abuja.

The upcoming board meeting in Port Harcourt, Rivers State, will address these changes. Junaidu emphasized the tribunal's commitment to timely case resolution, stating that it is willing to hold sessions on weekends and public holidays if necessary.

He also expressed openness to collaborating with the CIS on capacity building to enhance the skills of capital market professionals. Dr. Ahimie highlighted the importance of a transparent and investor-friendly capital market, noting the need for collaboration among key stakeholders to combat fraudulent activities.

Currently, there are about 2.2 million registered investors in the Nigerian capital market, with efforts to attract an additional 10 million.