IST Partners with NJC to Enhance E-Filing and Case Management
By Patience Ikpeme
The Investments and Securities Tribunal (IST) has taken steps towards improving its case management system by partnering with the National Judicial Council (NJC) to implement an e-filing portal.
This initiative aims to streamline case filing procedures, making them more efficient, accessible, and cost-effective.
IST Chairman, Mr. Amos Azi, outlined the benefits of the e-filing system, noting that it will enable cases to be filed from anywhere in the world, reducing the physical and financial burden on litigants.
Furthermore, Mr. Azi called for legislative amendments to strengthen the Tribunal’s operations. He proposed that only legal professionals with substantial capital market experience should be appointed to head the Tribunal, and that the position of Chief Registrar should be reserved for lawyers with significant internal experience.
The House of Representatives Committee on Capital Market, led by Hon. Solomon Bob, expressed appreciation for the Tribunal’s efforts to improve justice delivery. The Committee commended the IST for its simplified business rules and its ability to meet the 90-day timeframe for case resolution.
However, the Committee also expressed concern over the current state of the Tribunal’s headquarters and pledged to work with the FCT Administration to secure a more suitable office space.
The partnership between the IST and the NJC, coupled with the proposed legislative amendments, demonstrates the Tribunal’s commitment to modernizing Nigeria’s capital market dispute resolution mechanisms. By enhancing efficiency and accessibility, the IST aims to further strengthen investor confidence and promote a stable and transparent capital market.
