The Investments and Securities Tribunal (Procedure) Rules 2014 provides the Forms for commencement of proceedings in the Tribunal in the Schedules to the Rules.
The Tribunal provides help desk services to litigants, counsel and the general public.
Enquiries and complaints are handled via letters, emails, phone calls and walk-in visits.
The IST is a critical part of the Nigerian Capital Market Ecosystem, in the quest to make Nigeria an Investment destination of choice in Africa.
The Tribunal has as its mandate the expeditious determination of cases brought before it within a period of three (3) months from the date of commencement of the hearing of the substantive suit, with a view to build and maintain investors ‘confidence.
In achieving its mandate the Tribunal leverages on the expertise of its Members, who are seasoned professionals with in-depth knowledge and experience in securities and investments laws, legal and Capital Market activities. Indeed the decisions of the Tribunal have deepened the jurisprudence of the Capital Market.
The IST proceedings are further helped by its rules of procedure which admits of no technicalities but focused at doing substantial justice to the parties. Parties can also by mutual consent opt to have their grievances resolved vide a much cordial mediation process which is parties driven and makes for a continuous friendly business relationship.