– The removal of Siaka Isiah Idoko-Akoh as chairman of the Investment and Securities Tribunal (IST) has been approved by President Buhari
– Also, a member of the Tribunal, J. I. Udunni, has been appointed to replace Idoko-Akoh as the acting chairman of the IST
– Idoko-Akoh was accused of standing against the progress and actualisation of the mandate given by President Buhari on IST and its workers
President Muhammadu Buhari has reportedly approved the removal of the chairman of the Investment and Securities Tribunal (IST), Siaka Isiah Idoko-Akoh.
Daily Trust reports that this is contained in a circular by the permanent secretary of the Federal Ministry of Finance, Dr Mahmoud Isa-Dutse.
Similarly, a member of the Tribunal, J. I. Udunni, has also been appointed as the acting chairman of the IST.
“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.
In its reaction to the development, the Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees (AUPCTRE) commended President Buhari for removing Idoko-Akoh.
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), accused Idoko-Akoh of standing against the progress and actualisation of the mandate given by the president 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.
He also commended the minister of labour, employment and productivity, Dr Chris Ngige; minister of finance, Hajia Zainab Ahmed; minister of justice, Abubakar Malami, and the securities agencies for their roles in the development.