Reps propose 20% cap on trust investments

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.

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.

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.

Bob ...