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

Page 13 of 35
 
 
 
 
Page 13 of 35 
 
ii. Upon removal of a trustee, the licensee shall take immediate 
steps to replace the trustee provided that the replacement is 
done within 30 days of the removal.  
 
(7) A trustee shall be deemed to have vacated office upon 
disqualification as a trustee in accordance with these 
Regulations and shall no longer be eligible to participate in the 
activities of the Board of Trustees. 
 
 
 
 
 
 
 
 
 
 
 17 (1) A trustee may resign from office voluntarily at any time, subject 
to having given the licensee 21 days’ notice of the trustees 
intention to resign.  
 
(2) The licensee shall notify the Authority of the voluntary resignation 
of a trustee, not later than 21 days from the date of submission of 
the resignation letter. 
 
Resignation by a 
Trustee 
 
PART IV - HOST COMMUNITIES DEVELOPMENT TRUST COMMITTEES 
 
 
18. 
(1) 
The Board of Trustees shall, not later than 30 days of the 
establishment of the trust set up and appoint members of the 
management committee. 
 
(2) 
The management committee shall comprise of - 
(a) 
a representative of each host community, nominated by the 
relevant host community as a non-executive member;  
(b) 
five executive members, who shall be include - 
(i) 
a person, who is qualified to practice as an accountant in 
Nigeria, with not less than 5 years’ experience as a practicing 
accountant in Nigeria; 
(ii) 
a legal practitioner with not less than 5 years post call 
experience;  
(iii) 
a person, who is qualified to practice as an engineer; 
(iv) 
any other persons as may be determined by the Board of 
Trustees 
 
(3) 
A person shall not be qualified to act as a member of the 
management committee, where the person -   
(a) 
is less than 18 years old; 
Management 
Committee for the 
Host Community 
Development Trust