FG committed to protecting capital market investment — Finance Minister

Minister of Finance and Coordinating Minister of Economy, Chief Adebayo Edun, gave the assurance on Wednesday during a Hybrid Sensitisation Seminar on Investments and Securities Tribunal held in…

Mr. Edun explained that investors had no cause to despair over unresolved disputes on their stocks with the presence of the Investments and Securities Tribunal established to stabilise and ensure a conducive investment environment. Azi, who doubles as Chief Justice of the Investments Tribunal, reminded attendees of the Supreme Court decision that reserved IST the exclusive jurisdiction and powers to hear and determine disputes on the capital market.

“IST is established to protect investments and restore investors’ confidence in any case of dispute either between them and the regulator or the stockbrokers. While the tribunal ensures investors’ returns, it also gives the regulator, that is, the Securities and Exchange Commission , powers to take drastic action against defaulters of laws,” Azi added.

Meta on Wednesday said it has removed 63,000 Instagram accounts linked to sextortion scams from Nigeria, days after authorities in the West African country slapped a $220 million fine on the company. The deleted accounts included a network of 2,500 profiles traced to a group of 20 people. Some 1,300 Facebook accounts, 200 Facebook Pages…

Ahead of the August 1 hunger protests in Nigeria, the National Youth Council of Nigeria has initiated consultations and instructed its 104 affiliated youth organisations to remain on standby. In a communiqué released on Thursday following an emergency meeting of the National Executive, 36 state chairmen, and other stakeholders held via Zoom, the NYCN…

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