President Bola Ahmed Tinubu has approved the renewal of the appointment of the Chairman and the appointment of new members of the Investments and Securities Tribunal (IST).
The decision, according to the tribunal, followed the recommendations of the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, in line with Sections 315 and 319 (2) of the Investments and Securities Act 2025.
A statement issued by the Acting Head of Corporate Affairs Department of the IST, Maria Anodere, said the development represented a major boost to the capital market adjudication system.
“The appointment marks a significant step towards strengthening the adjudicatory framework of the Nigerian capital market, as the new members bring their rich experience in the capital market, law, finance, and public service to enhance the efficiency of the tribunal in justice delivery and in promoting investors’ confidence,” the statement read.
Those appointed are: Amos Isaac Azi Esq., Chairman; Gboyega Oyekanmi, Member; Felix Onwuneme, Member; Shehu Lawal Mandiya, Member; Robert Uchenna Okwuego, Member; Osaze Ize–Iyamu, Member; Ummahani Ahmad Amin, Member; Ali Sadiq Mohammed, Member; Olatunde M. Amolegbe, Member; Udegbulam Athanatius Chukwuemeka, Member; Orya Ungwaga Roberts, Member; and Kamarudee Oladosu, Member.
The new tribunal is expected to be inaugurated on Tuesday. Anodere explained that the IST was created as a specialized adjudicatory body to ensure the timely resolution of disputes and the enforcement of rights arising from investments and securities transactions.
“It is a very critical capital market infrastructure which serves to ensure fairness, transparency, and integrity in our financial market, thereby promoting investors’ confidence,” she stated.
