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 reform to the Trustee Investment Act of 1957. The bill, known as the Trustee Investment Act (Repeal and Enactment) Bill, 2026, aims to replace the outdated legislation with a more comprehensive framework. This modernization effort seeks to align Nigeria's trust investment framework with contemporary financial market realities.
The proposed reform proposes expanding investment opportunities for trustees, strengthening safeguards for beneficiaries, and ensuring the country's trust investment framework remains relevant in today's financial landscape.
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