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).
This decision followed recommendations from the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, in accordance with the “Investments and Securities Act 2025.”
A statement from the IST’s Acting Head of Corporate Affairs, Maria Anodere, said the development represents a “major boost to the capital market adjudication system.”
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The statement added, “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 new appointees are:
- Amos Isaac Azi Esq. (Chairman)
- Gboyega Oyekanmi
- Felix Onwuneme
- Shehu Lawal Mandiya
- Robert Uchenna Okwuego
- Osaze Ize–Iyamu
- Ummahani Ahmad Amin
- Ali Sadiq Mohammed
- Olatunde M. Amolegbe
- Udegbulam Athanatius Chukwuemeka
- Orya Ungwaga Roberts
- Kamarudee Oladosu
The new tribunal is “expected to be inaugurated on Tuesday.”
Anodere explained that the IST was established as a “specialized adjudicatory body to ensure the timely resolution of disputes and the enforcement of rights arising from investments and securities transactions.”
She also stated, “It is a very critical capital market infrastructure which serves to ensure fairness, transparency, and integrity in our financial market, thereby promoting investors’ confidence.”
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