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Bob said the proposed legislation was designed to align the legal framework governing trust investments with contemporary financial realities while ensuring that trustees operated within clearly defined investment and accountability standards. He said the existing law was enacted when Nigeria’s financial system was considerably less developed and investment opportunities were limited.
Context & Background
✦By Gift Chapi Odekina, Abuja The House of Representatives has proposed a 20 per cent investment limit on exposure to a single issuer as part of efforts to strengthen the management of trust funds and protect beneficiaries against financial losses.
Key Figures & Named Entities
2026:The proposal is contained in the Trustee Investment Bill, 2026 (HB 2762), which seeks to repeal and re-enact the existing Trustee Investments Act of 1957, expand permissible investment opportunities and introduce safeguards against excessive investment risks.Monday:Chairman of the House Committee on Capital Market and Institutions, Solomon Bob, disclosed this on Monday at a public hearing on the bill at the National Assembly, Abuja.Today:“Today, we have a sophisticated capital market worth over N80 trillion, pension assets over N30 trillion, and new asset classes from REITs to Infrastructure Funds to Green Bonds.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Bob said the proposed legislation was designed to align the legal framework governing trust investments with contemporary financial realities while ensuring that trustees operated within clearly defined investment and accountability standards.
✦He said the existing law was enacted when Nigeria’s financial system was considerably less developed and investment opportunities were limited.
✦By Gift Chapi Odekina, Abuja The House of Representatives has proposed a 20 per cent investment limit on exposure to a single issuer as part of efforts to strengthen the management of trust funds and protect beneficiaries against financial losses.
Key Facts:2026: The proposal is contained in the Trustee Investment Bill, 2026 (HB 2762), which seeks to repeal and re-enact the existing Trustee Investments Act of 1957, expand permissible investment opportunities and introduce safeguards against excessive investment risks.Monday: Chairman of the House Committee on Capital Market and Institutions, Solomon Bob, disclosed this on Monday at a public hearing on the bill at the National Assembly, Abuja.Today: “Today, we have a sophisticated capital market worth over N80 trillion, pension assets over N30 trillion, and new asset classes from REITs to Infrastructure Funds to Green Bonds.
Editorial Excerpt
By Gift Chapi Odekina, Abuja The House of Representatives has proposed a 20 per cent investment limit on exposure to a single issuer as part of efforts to strengthen the management of trust funds and protect beneficiaries against financial losses.
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
Bob said the proposed legislation was designed to align the legal framework governing trust investments with contemporary financial realities while ensuring that trustees operated within clearly defined investment and accountability standards.
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?
The proposal is contained in the Trustee Investment Bill, 2026 (HB 2762), which seeks to repeal and re-enact the existing Trustee Investments Act of 1957, expand permissible investment opportunities and introduce safeguards against excessive investment risks.
