The Chairman of RMAFC, Mohammed Shehu, stated this today while receiving a delegation from the Investment and Securities Tribunal, IST, led by its Chairman, Amos Azi, during a courtesy visit to the Commission.
This is contained in a statement issued today by the Head of the Information and Public Relations Unit at RMAFC, Maryam Yusuf.
Shehu assured the delegation that the Commission would conduct a thorough review of the IST’s salary structure to ensure alignment with constitutional provisions.
Commending the tribunal for its critical role in Nigeria’s capital market, he acknowledged its global recognition as a leading specialised tribunal, noting that similar models have been adopted internationally.
He emphasised that the Commission would revisit the matter with a renewed sense of urgency, ensuring it receives the necessary attention.
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In his remarks, Azi explained that the visit was to seek RMAFC’s support in ensuring that the remuneration of the IST Chairman, members, and Chief Registrar aligns with that of the Chief Judge, Judges, and Chief Registrar of the Federal High Court, as provided under Section 220 of the Investment and Securities Act 2007.
He expressed gratitude to Shehu for the prompt attention given to their concerns and praised the Commission’s dedication to implementing its mandate.
Azi further highlighted the tribunal’s achievements, including resolution of over N1.3tn worth of disputes in favour of investors and government agencies. He also noted the IST’s pioneering role in introducing verbatim transcription and virtual hearings in Nigeria.
During the visit, the IST Chairman presented the Nigerian Investment and Securities Tribunal Law Reports to the RMAFC Chairman, showcasing the tribunal’s commitment to legal excellence and transparency in capital market adjudication.