A bill moving through Nigeria's House of Representatives wants to put a firm limit on how much of a trust fund can be placed into any single investment, capping it at 20 percent. The Trustee Investment Bill, 2026, is designed to replace a law that has been on the books since 1957, and the gap between then and now tells its own story.
The updated legislation would open the door to newer financial instruments that simply did not exist when the original law was written, giving trustees more options without handing them a blank check. At the same time, the bill builds in stronger accountability measures to make sure the people managing these funds answer for the decisions they make.
The heart of the proposal is beneficiary protection. By capping exposure and tightening oversight, lawmakers are trying to make sure that the people who depend on trust funds are not left vulnerable to the kind of excessive risk-taking that can quietly drain an estate. Whether the bill makes it through in its current form is the question worth watching.
Originally published by Premium Times.