FG urges capital market stakeholders to take advantage of Investments and Securities Tribunal to resolve disputes

From Desmond Mgboh Kano

The Federal Government has decried the fact that many investors and capital market stakeholders are oblivious of the existence, jurisdiction and mode of opération of the Investments and Securities Tribunal.

Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, stated this while inaugurating a workshop on the Legal Profession and Capital Market Regulation in Nigeria organised by the Investments and Securities Tribunal at Bayero University Kano on Wednesday.

According to the Minister. this lack of knowledge has created a situation where many are unable to take advantage of the opportunities and conforts provided by the tribunal to strengthen their activities and transactions.

The Minister stressed the importance of the capital market as a tool for mobilising needed funds for governments, for infrastructure and for development projects.

In his words , “A well functional capital market is essential for a country’s economic development and growth” he stated.

However, the realization of these opportunities within the market’s eco- system would require the entrenchment of a robust legal framework that makes for certainty and predictability of judicial outcomes, he stated.

“This thus underpins the importance of the role of the legal profession at ensuring compliance with regulations and guiding the efficient resolution of disputes” he added.

He urged experts from the legal profession, capital market stakeholders and regulators, financial experts and all the participants to come up with valued suggestions on how to strengthen the capital market regulations and ultimately the Investments and Securities Tribunal for greater effectiveness.

In address of welcome, the Chairman Investments and Securities Tribunal, Amos Azi Esq restated that the capital market mobilzes savings, facilitates Investments and provides liquidity, thereby stimulating economic growth and development in any economy.

“The capital market enables a healthy economy through an efficient allocation of resources.Capital Market transactions are confidence driven and this confidence is somewhat rooted in an entrenched adjudicatory framework” he added.

” It thus goes without saying that an efficient dispute resolution builds trust in the market thereby attracting investors” he added.

.”It is in the recognition of the importance of a developed dispute resolution framework for the Nigerian Capital Market with a view to ensuring a fair, efficient and transparent resolution of disputes for the promotion of market confidence and integrity that the Investments and Securities Tribunal was birthed” he stressed.

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