IST Resolves N1 Trillion in Cases Since 2002 Establishment

The Investment Securities Tribunal (IST), established in 2002, has successfully resolved cases totaling N1 trillion since its inception. This information was disclosed by the tribunal's chairman, Aminu Junaidu, during a meeting in Abuja with a delegation from the Ethiopian Capital Market Authority.

Junaidu emphasized the tribunal's significance as a cornerstone for capital market development, ensuring justice and access for investors and corporate entities. He noted that the tribunal serves as a model for other African markets, demonstrating the value of specialized dispute resolution mechanisms.

The IST also utilizes technology to facilitate online hearings and has an alternative dispute resolution center that can handle small claims efficiently. Junaidu's remarks were complemented by Felix Onwunem, who advised the Ethiopian delegation on procedural aspects, including front-loading documents to expedite hearings.

Rahel Kassa, Deputy Director General of the Ethiopian Capital Market Authority, expressed interest in Nigeria's extensive experience in capital market development.