Capital Market Tribunal Activities Report 2016 Overview
"Explore the activities of the Capital Market Tribunal in the first half of 2016, including case numbers, ADR resolutions, funding challenges, and more. Learn about their vision, mission, and core values in promoting fairness and transparency in resolving capital market disputes."
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Presentation Transcript
IST 1ST& 2NDQUARTERS, 2016 REPORT Our Vision To be a world class capital market tribunal that is fair and transparent, dispensing justice without fear or favour. Our Mission The efficient resolution of capital market disputes with fairness, flexibility and transparency. Our Strategy The Tribunal combines the rule of law with the responsiveness, flexibility, speed and cost-effectiveness associated with specialized resolution systems. courts and alternative dispute This is supported by our drive to make justice accessible for investors across Nigeria. Our Core values Fairness Integrity Efficiency Professionalism Our Strength Specialised knowledge of securities law & capital market operations Varied technical & professional skill of members; Expertise of members and staff of the 1ST; Independence, flexibility and efficiency in settling disputes; and Unique case management approach.
SUMMARY OF ACTIVITIES OF THE TRIBUNAL JANUARY JUNE, 2016. The summary is as follows: No. of Cases Filed in Abuja - 6 - No. of cases Filed in Lagos 6 No of Cases attended to at the ADR Centre as at 30thJune 4 - Publication of Volumes VIII, IX & X NISLR in progress
Adjudication. Adjudicatory activities of the Tribunal have been put on hold since November, 2016 because government is yet to reconstitute the Tribunal;
The ADR Centre. Revitalisation of the IST ADR Centre to commence resolution of dispute; 3 Matters were transferred to the ADR Centre; 2 Matters fully resolved; 1 matter withdrawn.
FUNDING OF THE TRIBUNAL. The Tribunal is operating at very low ebb due to the protracted delay in the passage of the 2016 Budget and inadequate releases of funds. Inability to execute key activities such as Public Enlightenment and Investors Education.
DIAGRAMATIC REPRESENTATION OF PENDING APPEALS AND ORIGINATING APPLICATIONS 2015 JANUARY JUNE 2016. 0% 8% OA APP 92%
DIAGRAMATIC REPRESENTATION OF CONCLUDED CASES JANUARY - JUNE, 2016 0% 22% JUDGMENTS STRUCK OUT DISMISSED 78%
UPDATE OF ACTIVITIES OF THE IST JAN-JUNE, 2016. S/NO PARTICULARS NO 1 NO OF CASES BROUGHT FORWARD FROM 2015 32 2 NO OF CASES FILED JAN JUNE, 2016 12 3 TOTAL NUMBER OF CASES PENDING BEFORE THE TRIBUNAL 44 4 NO OF CASES AT ADR CENTRE 4 5 NO OF CASES RESOLVED AT ADR. 3 6 NO OF CASES PENDING BEFORE ADR CENTRE 1
