Reps move to reform 69-year-old Trustee Investment Act
- ✦Nigeria lacks enough trust in property,” he said.
- Speaker of the House, Tajudeen Abbas, said the proposed reforms were aimed at modernising the country’s legal framework to reflect changing financial and investment realities, while protecting the interests of beneficiaries and investors.
- Abbas said Nigeria’s real estate challenge was not a shortage of property but a lack of confidence in the ownership, verification and regulation of land and property transactions.
- Nigeria lacks enough trust in property,” he said.
By Gift ChapiOdekina, Abuja The House of Representatives has begun moves to reform Nigeria’s 69-year-old Trustee Investments Act, while seeking a coordinated regulatory framework to tackle fraud, fragmented property records and weak consumer protection in the real estate sector.
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What is the latest development regarding Federal Capital Territory?
Speaker of the House, Tajudeen Abbas, said the proposed reforms were aimed at modernising the country’s legal framework to reflect changing financial and investment realities, while protecting the interests of beneficiaries and investors.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, National Assembly of Nigeria, Nasarawa State.
What timeline or key figures were confirmed?
Abbas, represented by a member of the House representing Lafia/Obi Federal Constituency, Nasarawa State, Dahiru Abubakar Sarki, spoke on Monday at a public hearing on the Trustee Investment Act (Repeal and Enactment) Bill, 2026, at the National Assembly, Abuja.
