Reps move to review Nigeria’s 1957 trustee investment law
The House of Representatives has begun moves to repeal and re-enact Nigeria’s 69-year-old Trustee Investment Act, in a bid to expand investment opportunities for trustees, strengthen safeguards for… Read More: https://punchng.com/reps-move-to-review-nigerias-1957-trustee-investment-law/
The House of Representatives in Nigeria is considering a bill to repeal and re-enact the country's 1957 Trustee Investment Act, with the aim of modernizing the framework to accommodate contemporary financial market realities and better protect beneficiaries' interests. The proposed Trustee Investment Act (Repeal and Enactment) Bill, 2026, seeks to replace the outdated legislation with a more comprehensive framework that expands investment opportunities for trustees while establishing clearer obligations for those managing assets on behalf of others.
The bill was examined at a public hearing organized by the House Committee on Capital Market and Institutions, where lawmakers, regulators, and stakeholders discussed its provisions and implications for Nigeria's investment landscape.
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