The Chairman, Investments and Securities Tribunal (IST), Amos Azi, says only three institutions in the Nigerian capital market currently supports the Tribunal.

Azi spoke in Abuja when the executives of the Chartered Institute of Stockbrokers (CIS) paid a courtesy call on the Tribunal. He described IST as an Institution that should be protected, supported and showcased because of the critical role it plays in boosting investor confidence in the Nigerian capital market.

Speaking further, the IST chairman said since its inception, no judgment of the Tribunal had been overturned on the ground of wrong evaluation of facts, noting that anyone with or without a lawyer could approach the Tribunal for help as it relates to infractions in the market.

Azi, therefore, called on institutions in the capital market to support the Tribunal as IST is the major infrastructure that boosts investor confidence in the Nigerian capital market.

On his part, the President of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, said the CIS was willing to collaborate with IST on both local and foreign trainings for staff as a nominating body on the board of IST.

Dada said the visit was to introduce its new executives to the hierarchy of the Tribunal and to bring IST into a symbiotic relationship with the institute.

Highlight of the visit was the presentation of a book titled ‘History of the Nigerian Capital Market’ written by the Institute to the IST chairman.