Tag Archives: Tribunal

By Simon Ugwu The Federal Government recently approved the Rules governing the conduct of the Disciplinary Tribunal of the Institute. The approval has further strengthened members/customers’ confidence in the industry.

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The Federal Government has promised to establish a permanent electoral tribunal that will address issues relating to electoral fraud and offences such as vote buying. Special Adviser to the Chairman of the Independent National Electoral Commission, Prof. Mohammed Kuna, stated on Tuesday that the Federal Government had proposed a bill for the establishment of the tribunal. Kuna said this in …

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The Investments and Securities Tribunal (IST) sitting in Abuja has finally resolved a decade-long cyclical dispute between a stock broking firm, Valueline Securities and Investments Ltd and First City Monument Bank Plc (FCMB) over the repayment of N2.5 billion shares purchase fund misappropriated in 2008 by the defunct FinBank Plc with which FCMB consummated a merger. The Director, Corporate Affairs, …

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The Investments and Securities Tribunal (IST), sitting in Abuja, has awarded general damages of N3 million in favour of an investor in the capital market for losses and hardship suffered in the hands of his stockbrokers. This is contained in a statement signed by the Acting Director, Corporate Affairs, IST, Kenneth Ezra. According to the statement, delivering judgment in a …

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