Abuja — A civil society organisation, Make A Difference Initiative (MADI), has expressed concern over what it described as conflicting appointments at the Investment Tribunal, warning that the development could undermine investor confidence and weaken institutional integrity.
In a statement issued on Sunday and signed by its Executive Director, Dr Lemmy Ughegbe, the group said President Bola Ahmed Tinubu had reappointed Barrister Amos Isaac Azi as Chairman of the Tribunal in line with the Investment and Securities Act 2025.
MADI stated that the approval, granted on August 13, 2025, was duly implemented, with all necessary administrative processes completed.
However, the organisation noted that a subsequent announcement from the Office of the Secretary to the Government of the Federation named Barrister Aminu Junaidu as Chairman, raising concerns within legal and policy circles.
With Junadu’s installation as the IST chair, questions are being raised over the requisite minimum of 15 years experience in the capital market to occupy that chair as mandated by the enabling act.His critics claim say he doesn’t have it.Or does he?
According to MADI, the development raises questions about adherence to due process and respect for established legal procedures.
The group also drew attention to the statutory requirement that the Chairman of the Tribunal must possess at least fifteen years’ experience in capital market law and practice, noting that concerns have been raised regarding compliance.
MADI called on the National Assembly to investigate the matter and ensure strict adherence to the provisions of the law.