SSG Charges IST To Restore Confidence In Stock Exchange .Tasks FCC On Ensuring Quota For Rivers Indigenes

The Secretary to Rivers State Government, Dr. Tammy Danagogo, has tasked members of the Investment and Securities Tribunal (IST) restore the confidence of Nigerians in the Capital Market.

The SSG regretted that many Nigerians have lost hope in the Capital Market following its collapse with no recourse to retrieve funds or make stock brokers accountable to give dividends.

Speaking to members of the IST, led by its Chairman, Hon Amos Azi, during a courtesy visit in his office on Friday, he maintained that the huge potentials for wealth creation through the stock market is still enormous, while calling on the IST to work assiduously to restore the optimism of Nigerians through its mission and provide efficient resolution of capital market disputes with fairness, flexibility, transparency and without fear or favour.

Speaking, the Chairman of the Investment and Securities Tribunal, Hon. Amos Azi, informed that the tribunal was set up to promote financial market integrity and stability in the economy.

He noted that the Tribunal has exclusive jurisdiction to matters relating to the capital market and its Port Harcourt office, being one of the three offices across the geo-political zones, has served the South-South region since 2009.

In another development, Dr Tammy Danagogo has called on the Federal Character Commission in the state to ensure and follow-up Rivers State quota fulfilment by Rivers indigenes in Federal Government establishments.

The SSG made the call when the State Director of the commission, Dr. Danny Kika Pollyn, paid him a courtesy visit.

He observed that many Rivers State indigenes are short-changed in opportunities meant for them, and urged him to certify that the State's quota is properly filled by Rivers people.

He further explained that if the FCC informs the government of available vacancies it will enable the state carry out sensitization exercises.

Comments

Ogoni Day: Group Demands Saro-Wiwa, Eight Others' Exoneration, Compensation .Urges Probe Of Wike Over Alleged Diversion Of $300m OML 11 Payment

As the Ogoni ethnic nationality in Rivers State marked the 31st Anniversary of the Ogoni Day, the Ogoni Liberation Initiative (OLI), has reiterated the call on the Federal Government to exonerate late environment-rights activist, Kenule Beeson Saro-Wiwa and eight other Ogonis murdered during the late General Sani Abacha military junta in 1995. The group also called for compensation to Ogoni and families of the four Ogoni chiefs whose death led to the arrest and subsequent execution of Saro-Wiwa and eight others. OLI said it came up with the referendum after consultation with critical stakeholders within and outside Ogoni land and over 200 rights groups. Chief Executive Officer of Ogoni Liberation Initiative, Dr Douglas Fabeke, while reading an 8-point referendum to mark this year's Ogoni Day also demanded the immediate dissolution of the board of the Hydrocarbon Pollution Remediation Project (HYPREP), over alleged gross mismanagement of funds and incompetence. OLI said Ogoni peopl

Our Decisions Not Borne Out Of Fear, But For Peace Of Rivers, Fubara Insists .Says He Won't Involve In Dirty Political Fights

Rivers State Governor, Sir Siminalayi Fubara, has declared that the decisions taken by his administration in the evolving political crisis in the state were not borne out of fear, but for peace to reign in the state. The governor made this known while addressing Rivers people at the maiden state banquet held by his administration at Government House, Port Harcourt on Monday to celebrate the New Year. The governor's position was revealed in a statement signed by the Senior Special Assistant on Media to the Governor of Rivers State, Boniface Onyedi, on Tuesday. Fubara, who wished Rivers people a fruitful and prosperous 2024, also appealed to Rivers people to embrace the ongoing peace process at the instance of President Bola Amhed Tinubu. He stated that his administration would not be enmeshed in any dirty political war that would hinder the prospects of development in the state. "Every decision that we've taken is not borne out of fear but because we have the interest of ou

2024 Budget: You Want To Strangle Nigerians, PDP Slams Tinubu

The Peoples Democratic Party (PDP) has described President Bola Tinubu’s proposed N27.5trillion budget for the 2024 fiscal year as hopeless and a huge disservice. PDP said if the proposed budget is passed, it will further asphyxiate Nigerians and plunge the nation into more economic depression and hopelessness. A statement signed by PDP’s spokesman, Debo Ologunagba, said: “It is clear that the 2024 budget as proposed with its heavy provisions for the luxury appetite of the Presidency and All Progressives Congress (APC) leaders, which is predicated and expected to be funded from multilateral and bilateral foreign loans and increased taxes on Nigerians, is designed to further mortgage our nation and strangulate the already impoverished Nigerians. “The budget framework with respect to recurrent expenditure vote of N9.9trillion, capital expenditure vote of N8.7trillion, and N8.25trillion for debt services is unsustainable and unrealisable in view of the stated outstanding debt and proposed

Nelly's SmartBriefs

Search This Blog