Library / B 889 Federal Republic of Nigeria Official Gazette No. 189
B 889 Federal Republic of Nigeria Official Gazette No. 189

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B 897
12.—(1) Subject to the provisions of these Regulations, a licensee
shall —
(a)  prior to the incorporation of a trust, appoint the first trustees in
consultation with the host communities; and
(b)  in consultation with the relevant host communities, appoint additional
or replacement trustees, where required.
(2)  The number of the Trustees shall be an odd number, not exceeding
nine members, reflecting the diversity of the host community.
(3)  The licensee shall, in accordance with the provisions of these
Regulations and the constitution of the Trust, be responsible for —
(a)  establishing the criteria for qualification of members of the Board of
Trustees ;
(b)  establishing process for selection of members of the Board of
Trustees ;
(c) the appointment of the members of the Board of Trustees ;
(d)  determination of the remuneration of members of the Board of
Trustees ; and
(e)  the suspension, disqualification and removal of members of the Board
of Trustees.
(4)  Without prejudice to the provisions of the Act and these Regulations,
a licensee shall consider age, gender and physical disability in determining the
criteria for appointment to the Board of Trustees.
(5)  Members of the Board of Trustees shall serve for a term of four
years in the first instance and may be reappointed for another term of four
years and no more.
13.—(1)  The licensee shall, prior to the appointment of a trustee, submit
to the Authority an application for approval of the trustee.
(2)  The application shall be submitted to the Authority with the following
information and documents —
(a)  the draft constitution of the trust ;
(b)  the draft advert prior to its publication ;
(c)  the resolution by the licensee and the host community for the
incorporation of the trust ;
(d)  the full name, address and phone number of the proposed trustee ;
(e)  a copy of a valid means of identification of the proposed trustee ;
(f )  a short profile of the proposed trustee including the qualifications and
professional background ;
Approval of
trustees by
the
Authority
Appointment
of Trustees