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.