Buhari Sacks Investment And Securities Tribunal (IST) Chairman

President Muhammadu Buhari has approved the sack of the
Chairman, Investment and Securities Tribunal (IST), Mr. Siaka Isiah
Idoko-Akoh.

This is contained in a circular by the Permanent Secretary
Federal Ministry of Finance, Dr. Mahmoud Isa-Dutse.

“I write to convey the approval of Mr. President for your
removal from office as the Chairman of the Investment and
Securities Tribunal (IST) with immediate effect. Accordingly, you
are required to hand over the office of the Chairman including all
property(ies) of the IST in your custody to Mr. J. I. Udunni, a
full time member of the Tribunal, who by this same letter from the
State House has been appointed as Acting Chairman of the IST,” the
memo said.

Reacting to the development, the Amalgamated Union of Public
Corporations Civil Service Technical and Recreational Services
Employees (AUPCTRE) commended President Muhammadu Buhari for
removing Mr. Idoko-Akoh, as the IST Chairman.

The Chairman FCT Council, Comrade Aliyu Maradun and Ag.
Secretary FCT Council, Comrade Adebanjo Jubril of AUPCTRE, one of
the affiliate unions of the Nigeria Labour Congress (NLC), at a
joint briefing yesterday in Abuja said the suspended IST Chairman
vehemently oppose the progress and actualization of the mandate
given by President Mohammed Buhari, on IST and its workers.

“It is very unfortunate that the Chairman, Investment and
Securities Tribunal (IST) Mr. Isiah Idoko-Akoh, unilaterally
handled IST as if it is his own personal private property without
recourse to Civil/ Public Service Rules and Constitution of Federal
Republic of Nigeria.

“The struggle for emancipation of worker and revival of IST
became pertinent, when the union discovered that the Tribunal is on
the verge of being collapsed by the former Chairman, due to his
high-handedness, maladministration and high level of corruption in
which the union petitioned ICPC, EFCC and Presidential Initiative
on Continuous Audit (PICA) for investigation and prosecution,”
Maradun said.

While commending President Muhammadu Buhari for the action
taking on the IST, Maradun also commended the Minister of Labour,
Employment and Productivity, Dr. Chris Ngige; Minister of Finance,
Hajia Zainab Ahmed; Attorney General and Minister of Justice,
Abubakar Malami, and the securities agencies who acted accordingly
to save the IST from collapse.

He said the union engaged the former Chairman at different fora
with a view of avoid the Tribunal from losing its competence and
capability in adjudicating over millions of investors’ cases, as
his integrity is in doubt.

“The struggle led to three picketing at the IST premises in
order to draw government attention and relevant stake-holders. The
AUPCTRE would always remain committed to Mr. President
anti-corruption war and the struggle for the betterment of members
who are workers in various institutions of government,” he
added.

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