Who is a trustee?

Who is a trustee?

October 19, 2018

Trustees have the overall legal responsibility for an NGO/Foundation/Incorporated Trustee. They are persons having the general control and management of the administration of the organization.

Trustees have specific duties that should be set out in the organization’s constitution.

WHO CAN BE A TRUSTEE FOR AN NGO IN NIGERIA?

Anyone can be appointed as trustee, as long as he/she does not fall under any of the following categories;

  • an infant; or
  • a person of unsound mind having been so found by a court; or
  • an undischarged bankrupt; or
  • a person that has been convicted of an offence involving fraud or dishonesty within five years of his proposed appointment.

If a person falls under any of the above listed categories and is appointed as a trustee, he/she is liable to a fine of N50 for every day during which he so acts as one.

Reference S.592 CAMA

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Team 618 Bees

 

 

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