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

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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.

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Taliban leader says not less than 200 people in panjshir surrendered weapons

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By Gistflash News

Sept 6, 2021

less than 200 people including 30 commanders surrendered to the Taliban in the Panjshir Province in Afghanistan, and their weapons and ammunition were seized by the militants, Taliban’s senior leader, Amir Khan Muttaqi, said on Monday.

“In Panjshir, 200 people including 30 commanders surrendered to the Islamic Emirate with their weapons and ammunition,’’ Muttaqi wrote on Twitter.

Earlier in the day, the Taliban claimed taking full control of Panjshir, while the National Resistance Front denied the claims as false, stressing that fighting was still underway.

Sputnik/NAN

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Dana Air Chairman, Ogoro, elected President, Rimi Old Boys Association

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By Gistflash News

Sept 1, 2021

Alhaji Ibrahim Francis Ogoro, Chairman, Dana Air, has been elected President, Rimi (St. John’s) College, Kaduna Old Boys Association.

Ogoro, a 1971 graduate of the 72-year-old institution, emerged president of the association in an election held at its National Convention in Abuja and attended by more than 300 delegates.

Other officers elected in the keenly contested exercise included Mr Mike Reis, Vice President; retired Commodore Daniel Hinga, National Secretary; Mr Dauda Sunama, National Assistant Secretary, and Alhaji Musa Haruna, Treasurer.

Mr Timothy Yusuf was elected Financial Secretary; Mr Hamza Yamel, National Legal Adviser, while Mr Oladele Sanya was elected National Public Relations Officer.

The News Agency of Nigeria (NAN) reports that Ogoro replaces Malam Mamman Kabir, Registrar, Surveyor Council of Nigeria, who had served in that capacity for several years.

Earlier at the Convention, Kabir had said that his team achieved a lot while in office, but hinted that the new executive council would inherit “a myriad of problems and challenges”.

“You must quickly start on overdrive mode to reverse these problems; the most daunting of them is the financial status of the association,” he said.

Kabir appealed to the Kaduna State Government to speed up work on the Government Girls’ Secondary School (GGSS), Kawo, Kaduna which was gutted by fire, to end the temporary occupation of Rimi College by students of that school.

Students of Rimi College currently receive lectures in a primary school at Ungwan-Rimi, Kaduna after being ejected to give way to the students of the GGSS.

In his acceptance speech, the new President thanked delegates for the total support and confidence reposed in him, and assured them that all necessary steps would be taken to bring the college back to its former glory.

He commended the outgoing executive council for keeping the flag of the association flying in spite of the numerous challenges it faced.

“The problems will not be solved overnight, but my team will, as a matter of urgency, do everything possible to bring the old boys of the institution under one umbrella,” he said.

NAN

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Ganduje presents staff of office to Emir of Bichi, Nasiru Ado-Bayero

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By Gistflash News

Aug 21, 2021

Gov. Abdullahi Ganduje of Kano State, on Saturday, presented Staff of Office to the Emir of Bichi, Alhaji Nasiru Ado-Bayero, as the second Emir of Bichi.

The News Agency of Nigeria (NAN) recalls  that Bichi was among the newly created emirates  by  Ganduje’s administration.
Other newly created emirates were Rano, Gaya and Karaye, in addition to the existing Kano Emirate Council.
The Emir, on Friday, married off his daughter to the son of  President Muhammadu Buhari, Yusuf.
Speaking after presenting the staff of office to the Emir, Ganduje said the state government appreciated the contributions,  being  rendered by  traditional institutions in promoting peace and stability in the state.
Ganduje said  the  contributions made by traditional institutions,   made the  administration  to create the additional emirates, with a view to extending development to grassroot areas.
He urged  the Emir and other Emirs in the state,  to continue to assist the government in providing security for lives and property.
The governor urged the Emir to remain a father to all his subjects without discrimination.
In his acceptance speech, the new Emir, promised to be just and fair to all people in the emirate.
Ado-Bayero urged the people of the emirate to intensify efforts in enrolling their children into the  basic education system.
He called on government and other development partners, to continue to contribute their quota in addressing desertification.
‘I am calling on people to plant trees, enroll their children in schools and report suspicious persons to the traditional institutions and relevant security agencies  for prompt action,” he said.
NAN reports that the emir was presented with traditional instruments of office.
The event was attended by ministers, state governors, traditional rulers, members of national and state assemblies.
NAN
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