Connect with us

Hot News

Breach of Trust finally resolved in Investment and Securities Tribunal of Nigeria



Tribunal finally breaths air of peace after series of industrial restiveness

The investment and Securities Tribunal, IST, is now enjoying stable peace after series of strikes following disagreements between the labour union and the management.

The issues arising had consequently led to the ouster of the former Chairman, Mr Isiaka Idoko Akoh, by President Muhammadu Buhari in September 2019.

Akoh was sacked over the petition by members of the Amgamated Union of Public Corporation, Civil Service, Technical and Recreational Services Employees (AUPCTRE).

The staff of Investment and Securities Tribunal of Nigeria celebrating the exit of the former chairman

The union had petitioned the Federal Ministry of finance, the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Presidential Initiative on Continues Audit (PICA), alleging that the tribunal was on the verge of collapse due to the level of financial misappropriation, maladministration and high level corruption by the then management of IST.

The Union also accused the former chairman of using youth corps members and seconded officers to occupy offices and positions meant for substantive staff members; denying them a chance at career progression.

The allegations were investigated; and Akoh was indicted by PICA.

Mr Jude Udunni was then appointed to replace the sacked Chairman on acting capacity.

Udunni during an interaction with newsmen in his office in Abuja on Thursday, said that among the challenges faced on his assumption of office, is paucity of funds.

He listed others to include lack of trust between management and staff, delay in staff promotion, inability to restore the organogram in order of seniority, tackling the issue of staff on secondment and union dues, among others.

Udunni, who said he had spent the last four months trying to salvage the situation, however, thanked God that
trust was being restore in the system.

”Stakeholders and the supervising Unit have assisted in raising some funds for the tribunal, though that is inadequate for smooth running of the the tribunal,” he said.

The acting Chairman said though there was still the issue of complete trust between the labour and IST management, a structure was already in place to restore confidence in the system and make progress.

The Acting Chairman of Investment and Securities Tribunal of Nigeria (Mr Jude Udunni)

Members of staff illegally posted out of their respective stations within and outside the states were back to their duty posts, he said.

He also said efforts were being made to gradually address genuine grievances of the union before the end of first quarter of this year.

Front view of The Office of Investment and Securities Tribunal

Udunni, however, stressed that the current management under his watch, had zero tolerance for corruption, therefore, every effort would be made to motivate staff and ensure that they gave back their best to the tribunal, in order to restore confidence of all stakeholders in the capital market.

IST staff celebrating the sack of their former Chairman
The Branch Chairman of AUPCTRE, IST,
Mr Ikechukwu Ugwu, commended the acting Chairman for the efforts he had so far put in to move the tribunal forward, but insisted that urgent steps towards addressing the union’s demands such as restoring check up dues and the issue of seconded staff should be addressed for lasting peace.

Please follow and like us:
Click to comment

Leave a Reply

Hot News

#Anonymous Hacks NBC Twitter Account ,threaten to expose govt secrets



#Anonymous Hacks National Broadcasting Commission's Twitter Account ,threaten to expose govt secrets

#Anonymous Hacks National Broadcasting Commission’s Twitter Account ,threaten to expose govt secrets

The Twitter account of National Broadcasting Commission (NBC) has been hacked by Anonymous.

The hackers put up a message threatening to reveal secrets of Nigerian authorities.

“We #Anonymous are out to expose government’s secret and dirty files”, it read.

“Put an #ENDTOPOLICEBRUTALITY #Twitterdown #NBChacked”, the message added.

The website was also not opening as at 9:25 am.

NBC regulates the Nigerian broadcast industry.

The commission says it adopts scientific research methods to gather data, analyze trends in line with the dynamism of the industry and advise government.


NBC receives, processes and considers applications for the establishment, ownership or operation of radio and television stations including cable television service, direct satellite broadcast and others


Please follow and like us:

Continue Reading

Hot News

Woman Crashes Ceremony with Kids to Stop her Husband from Getting Married to another Lady



Woman Crashes Ceremony with Kids to Stop her Husband from Getting Married to another Lady
Woman crashes ceremony with kids to stop her husband from getting married to another lady

A video of a woman disrupting the wedding ceremony of her supposed husband has since gone viral.

In the video, the woman is seen storming the ceremony with her children claiming she was still married to the groom.

The woman who is seen carrying a baby on her back, beckons on the other children to come into the ceremony

The video which was shared on Instagram shows the moment a lady disrupted a wedding, claiming to be married to the groom. What was meant to be one of the happiest days in the life of a lady turned out to be pretty embarrassing and devastating when her groom’s huge secret was exposed.

The woman claimed that she was still married to the groom. Sharing her story, she claimed they weren’t divorced, and there was no issue between them.

Regina Daniels, Ned Nwoko spotted having fun as they squash marriage crisis rumour (video) She added that she didn’t know why he should be getting married to another lady while she already had children with him.

the special day for a bride and groom was reported to have erupted in drama after a former lover of the groom stormed the church causing the bride to collapse.

The incident reportedly occurred in Benin City, Edo state. When the groom identified as Dele and his bride, Blessing, decided to tie the knot at the International Pentecostal Holiness Church in Benin City, they would never have foreseen the drama that occurred.

According to reports, the groom’s lover was said to have walked into the church and proceeded to the altar where she grabbed the microphone from the pastor.

Watch Video Below;

View this post on Instagram

Marrying Another Wife. . . Follow @mediagist for more exclusive updates.

A post shared by @ mediagist on


Please follow and like us:
Continue Reading

Hot News

US Election 2020: Vice President Mike Pence and Senator Kamala Harris Debate (Video)



Mike Pence and kamala Harris Debate
US Election 2020: Vice President Mike Pence and Senator Kamala Harris Debate

With less than a month to go before Election Day, the Vice President Mike Pence and Senator Kamala Harris met in Salt Lake City, Utah, for the only vice presidential debate of 2020.

According to CBS Evening News anchored by Norah O’Donnell, It’s unclear how much tonight’s debate will sway voters, many of whom have already cast their ballots.

At least 5.6 million people have already voted in states where early voting has begun.

Triumphant Entry of Sen. Orji Uzor Kalu After His Release from Prison


Syracuse University Mistakenly Sends Out Dozens of Acceptance Letters


See Nigerians Reaction over the Statement of Gov. El-Rufai- ‘It cost over N400k to treat one COVID-19 patient’

Osinbajo Refutes Receiving N4Billion from Magu

Federal Govt. Announces Resumption Of Tertiary Institution.


Ahead of the debate, polls showed Harris is the only candidate at the top of the ticket with a net-positive favorability rating – on average in national polls, more Americans knew her positively than negatively.

Pence’s favorability is lagging – an average of 48% view him unfavorably, and 43% favorably per an average from Real Clear Politics.

Watch the analysis below;

Please follow and like us:
Continue Reading



We know you enjoy our storylines. Please spread the word to your friends :)

%d bloggers like this:
Enable Notifications    Ok No thanks