Library / Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024
Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024

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Page 11 of 35 
 
(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) 
the qualifications and professional background 
of the proposed trustee, including a short profile of the 
proposed trustee; 
(g) 
evidence that the trustee comes from the 
relevant host community; and 
(h) 
any other document the Authority may specify. 
 
(3) The Authority shall within 90 days of receipt of the application, give 
notice to the licensee of the rejection or approval of the 
appointment of the trustee or trustees.  
 
(4) 
Where the Authority fails to give notice to the licensee within 
the time specified in sub-regulation (3) of this regulation, the 
appointment of the trustees shall be deemed approved, provided 
that the trustee meets the criteria specified in the constitution of the 
trust, these Regulations and the Act. 
 
(5) 
The Authority may reject the appointment of a trustee, where 
it determines that -  
(a) 
the provisions of the constitution of the trust did 
not comply with the selection process of trustee; 
(b) 
the trustee does not meet the criteria for 
appointment as provided in the constitution of the trust 
and Companies and Allied Matters Act; or 
(c) 
the trustee is disqualified from acting as a trustee 
under these Regulations. 
 
14. (1) A licensee shall not register a trustee with the Corporate 
Affairs Commission without the prior approval of the Authority.  
 
(2) Without prejudice to the provisions of the Act, a person shall 
not be qualified to be appointed as a trustee of a trust, where 
the person —  
(a) 
is less than 18 years old;  
Minimum 
qualifications of a 
Trustee