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Acceptable dispute resolution mechanism is a major factor intending investors seek before investing in any viable international contractual relationship. The Nigerian capital market is a major player of wealth creating and improving the Nigerian economy as the market is open to both local and international investors. Disputes being part of human nature may occur in business relationship. The Nigerian capital market is a special kind of market and transactions before the market is mainly trading of chooses in action. The methodology of resolving disputes from this sector must be such that is fast, flexible and meets international best practices. The conventional courts are already loaded with myriads of cases, leaving commercial disputes many years before final judgment, being that lawyers key into every opportunity to seek for adjournment. The Investments and Securities Tribunal was conceived to resolve capital market dispute in a fast, timely and professional manner with justice as it main thrust. This research” An Appraisal of the Law and Practice of the Investments and Securities Tribunal in resolving Capital Market Dispute in Nigeria” considered the mechanism for the resolution of capital market disputes under the Investments and Securities Act by the Investments and Securities Tribunal.This research focuses to reveal that there is no conflict between the jurisdiction of the IST and that of the Federal High Court in resolution of capital market in Nigeria. The focal aim of this research is to reveal that there is a different between the establishment and Jurisdiction of the IST.This research adopts the doctrinal research method as the principal method of retrieving information, expanding or analyzing the gathered information. The primary sources of material for this research are relevant statutes and judicial authorities. Secondary materials are extracted from journals on written articles therein, text books on the wide range of commercial law and written text on securities law. PhD thesis and LL.M dissertations on related field on securities law and practice are analyzed. Seminar papers, handbooks from the Securities and Exchange Commission and decided cases were important materials that were accessed for this research.The jurisdiction of the Investments and Securities Tribunal has been confused with the establishment of the tribunal. This dissertation has separated the concept of jurisdiction and establishment of the tribunal and reiterated the exclusivity of the jurisdiction of the tribunal that is separate and distinct from thatof the Federal High Court. But despites the good found in the establishment of the tribunal, below are some major findings.This research finds that section 275, 281 and 315 of the Investment and Securities Act (ISA) saddled the responsibility of appointing and removing the Chairman and Members of the IST without recourse to the National Assembly and or the National Judicial Council on the Minister of Finance. By the provisions of sections 275, 281 and 315 of the ISA, the IST would hardly be impartial in deciding any issue involving the Federal Government of Nigeria and a market operator. This research has also noted that Section 289 (5) of the ISA provided three months from the date of commencement of hearing to the date of judgment. This aspect of the modus operandi of the Tribunal may affect substantial justice due to time constraint to resolve all legal issues and it goes with the popular saying that justice rush may be justice crush. This is further place on the scale of the right of a litigant pursuant to section 240 and 241 of the Constitution, that grants right of appeal on any ruling of the tribunal that may affect the right of a litigant.By virtue of section 293 (3) of the Investment and Securities Act, the Tribunal does not have the mechanism of enforcing its judgment but a reliance on the Federal High Court which may stand as a reason for delay of enjoyment of judgment by litigants, as the