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Nigeria: FG Reconstitutes Board of Investment & Securities Tribunal
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Leadership (Abuja)
27 March 2008
Posted to the web 27 March 2008
Justus Nduwugwe
Abuja
The Federal Government yesterday approved the reconstitution of the board of the Investments and Securities Tribunal (IST), with the incumbent chairman, Dr.(Mrs) Nnenna Orji, retained for another term of five years with effect from December, 2007.
A statement issued by Mallam Sani Zoro, the special assistant (Media) to the Finance Minister, Dr. Shamsuddeen Usman, Alhaji Ahmad Rabi'u was also reappointed as a full-time member for a second term of four years.
Other full-time members of the board include Messrs Ariyo Babatunde Okunsanya, Wilfred Ikatari and Mohammed Ado Dahiru for a term of four years with effect from March, 2008.
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Also appointed as part-time members are Messrs Yusuf Modibbo, Salihu Shehu Usman, Osi Imomoh and a representative of the Federal Ministry of Finance whose tenure is four four years and effective from March, 2008.
It would be recalled that the Nigerian Investments and Securities Tribunal pioneered capital market jurisprudence in Africa, and has, so far, resolved numerous disputes in groundbreaking rulings and judgements that have helped to transform the Nigerian capital market over the years.
The statement prayed that the reconstitution of the board will strengthen the tribunal's capacity to meet up with the growing challenges of an ever-dynamic capital market, and reposition it to discharge its mandate with greater efficiency and competence.
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