Skip to main content

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

Post a Comment

Popular posts from this blog

FG Begins Payment Of Health Workers’ Salary Arrears

The Federal Government has commenced payment of the salary arrears to health workers under the expanded midwives service scheme. The development followed the report that the Federal Government, through the National Primary Health Care Development Agency (NPHCDA) and Sydani Group owed doctors, nurses, midwives, and community health extension workers under the scheme four-month salary arrears. The health workers under the eMSS lamented the untold hardship caused by the non-payment of salaries, coupled with the high cost of living in the country. eMSS was implemented by the Federal Government through the national primary healthcare development agency as part of efforts to improve maternal and child health in the country. The Executive Director and Chief Executive Officer of NPHCDA, Dr. Muyi Aina, confirmed on Thursday that the Federal Government had begun paying the three-month arrears. Aina said, “We are aware that the workers have begun to receive payments of outstanding salaries for Au...
Post a Comment
Read more

Keyamo Rubbishes Pact On Nigeria Air

The Minister of Aviation and Aerospace Development, Festus Keyamo, has again faulted the agreement the administration of ex-President Muhammadu Buhari signed with Ethiopian Airlines on the proposed national carrier, Nigeria Air. The minister, who briefed State House reporters on Monday after the Federal Executive Council (FEC) meeting, said the agreements of the deal were unfair to Nigerian airlines as the deal would create a monopoly for Ethiopian Airlines. Keyamo said that reports on the issue had been submitted to President Bola Tinubu, who will make a decision on the deal. The minister said he “cannot pre-empt my president,” adding that “all the reports, everything, we have forwarded to Mr. President, the issues we met on the ground.” “But just to say that it would have been irresponsible of me as minister to take over office and close my eyes totally to those concerns. “So, because of that, we suspended it to say, Let’s just look at all the issues and recommend. Now we have looked...
Post a Comment
Read more

Tinubu Departs Abuja For Japan, Brazil •To Stopover In Dubai, Hold Strategic Talks In Tokyo, Brasília

President Bola Ahmed Tinubu on Friday departed Abuja for a two-nation official visit to Japan and Brazil, making a brief stop in Dubai, United Arab Emirates. His aircraft took off from the Nnamdi Azikiwe International Airport, Abuja, around 11:15 am, with top government officials — including Chief of Staff, Hon Femi Gbajabiamila; National Security Adviser, Mallam Nuhu Ribadu; and Minister of Finance, Wale Edun — on hand to see him off. In a statement, Presidential spokesperson, Bayo Onanuga revealed that the President’s first stop will be in Yokohama, Japan, where he will participate in the Ninth Tokyo International Conference on African Development (TICAD9) from August 20 to 22. The summit, themed: “Co-create Innovative Solutions with Africa,” aims to accelerate Africa’s economic transformation through private investment, innovation, and stronger institutions. While in Japan, President Tinubu is expected to attend plenary sessions, engage in bilateral talks with world leaders, and mee...
Post a Comment
Read more