Breaking News
Translate

Investment tribunal dispenses 300 cases

By Tony Edike

ENUGU—The Investments and Securities Tribunal has within its six years of existence, adjudicated nearly 300 cases with monetary value of about N100 billion, Chairman of the Tribunal, Dr. Nnenna Orji, disclosed in Enugu yesterday.

She explained that the opening of more offices of the tribunal in geopolitical zones across the country, was meant to earn the confidence of investors in the adjudicatory process now existing in the capital market.

Speaking during the opening of the Enugu zonal office of the tribunal yesterday, Dr. Orji said that by nipping unwholesome practices in the bud in a decisive and timely manner, the capital market could be strengthened and saved from investment scams.

She said the aim of the tribunal was to ensure the rule of law, access to justice and for participants to play by the rules of the market or face sanctions.

The tribunal chairman charged the state judiciary not to hesitate in transferring to the tribunal, cases bordering on the capital market and pensions, which may be filed in the state high court, adding that the tribunal has exclusive jurisdiction over capital market disputes and shares a concurrent jurisdiction with arbitral tribunals over pension disputes.

“We are here to announce the Investment and Securities Tribunal, a fast-track  court established by the Federal Government to ensure speedy resolution of disputes arising from transactions in the capital market and the pension sub-sector has also come to serve the people of Enugu ,” she said.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.