Nigeria, Feb. 17 -- Members of the Senate Committee on Capital Market on Monday questioned the management of the Investments and Securities Tribunal (IST) over the expenditure of N16 million on cleaning and fumigation services in 2025, at a time when many Nigerians are grappling with economic hardship.

The IST is a specialised, fast-track civil court established under the Investments and Securities Act 2007 (amended in 2025) to resolve capital market disputes. It provides expert adjudication for investors and market operators, with appeals lying at the Court of Appeal.

The Chairperson of the tribunal, Aminu Junaidu, appeared before the committee to defend the agency's 2026 budget proposal.

Based on the tribunal's 2025 budget performanc...