ISAN, stakeholders to brainstorm on administration of justice


The Independent Shareholders Association of Nigeria (ISAN) in collaboration with other stakeholders have  concluded plans to brainstorm on administration of justice in Nigeria and the economy. This is expected to take place during the 7th Triennial Conference and Gala night.

This theme of the conference  is also tagged “Administration of Justice in Nigeria and Our Economy.”

A former participant of the Triennial Conference stated that all members of the association, strategic stakeholders in the nation’s economy and the Capital Market in particular are always looking forward to this Conference which  holds every three years.

While speaking with journalists yesterday, the National Co-ordinator of Independent Shareholders Association of Nigeria (ISAN) Prince Dr. Anthony O. Omojola stated that the Conference is used to call attention to issues that are pertinent to Economic Development and Corporate Governance. He said, “We hold a Gala night for our members and our Associates in Public and Private Sectors of the Economy.”

Omojola  explained that the conference is organised to address current topical Economic Issues. Past achievements of ISAN on previous events include the 2009 conference  with the theme “Share Buyback- How desirable?”

This, he said, was done to  tackle problems which followed Professor Charles Soludo’s Reforms in the Banking Sector of Nigerian economy.

He noted that in the course of playing their own part in the scheme of things, members agree or disagree with successive Governments, their Regulatory Agencies, Company Boards and their Managers especially those of them that are quoted on the Nigerian Exchange Limited (NGX).

“We have organised demonstrations and even gone to court to seek redress or seek legal interpretation on some issues we consider to be arbitrary imposition by Regulators,” he added.

Speaking about the victory of ISAN under the leadership of Sir Sunday N. Nwosu, the Cordinator said the association has fought so many battles and won.

“We have also spearheaded or joined others in any agenda that will promote Good Corporate Governance and Economic Prosperity of Shareholders Nigerian Citizens and other Stakeholders,” he added.

He disclosed that ISAN played significant role in the reform of the Banking Sector due to the fact that subsequent events which was envisaged revealed that the reading of whatever was perceived as the problem in the Banking sector then was wrong.

“We have been fighting that ‘Unclaimed Dividends’ do not belong to the government and will not belong to the government or any of the agencies under any guise. For over 15 years now, the fight continues and the last efforts of the Federal Government and its Agencies to legislate on it has been checkmated through court process,” he pointed out.

Owajobi highlighted top Government and Private Sector Officials that will be present they include Delegates of the Regulatory Agencies such as the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Corporate Affairs Commission (CAC), the National Exchange Group (NGX),  the National Insurance Commission (NAICOM), the Financial Reporting Council of Nigeria (FRCN), the Institute of Directors of Nigeria (IoDN), Nigeria Bar Association and Delegates from ISAN Zones all over Nigeria.