<p style="text-align: justify"><strong>YARGATA BYENCHIT NIMPAR, JCA (Delivering the Leading Judgment</strong>: This appeal is against the decision of the Investments and Securities Tribunal (hereinafter referred to as the Tribunal) delivered on the 27th April, 2018 (Corom: Jude I. Udunni - Presiding Chairman; Dr. Abubakar A. Ahmad - Hon. Member and Albert Otesile - Hon. Member). The Tribunal granted a part of the claim with interest. Dissatisfied with the decision the Appellants who were defendants at the Tribunal filed a Notice of Appeal on the 4th May, 2018 setting out 5 grounds of appeal.</p><p style="text-align: justify">The facts leading to the Appeal are amenable to brief summary. The Respondent appointed the 1st Appellant to manage its portfolio which was terminated by a letter asking the 1st Appellant to liquidate the investment and pay it into a Zenith Bank Account but the 1st Appellant failed to meet up with time lines. Several demands were made through the Respondent&#x27;s solicitor and when it was obvious that the 1st Appellant was not forthcoming, the Respo…</p>