FG committed to protecting capital market investment — Finance Minister

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Despite the volatility of the Nigerian economy, the Federal Government has assured investors and key players of the protection of their investments in the capital market.

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.

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