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 14 of 35 (b) is of unsound mind; (c) is an undischarged bankrupt; or (d) has been convicted of an offence relating to fraud, dishonesty or vandalism of any oil installations and gas assets in Nigeria. (4) The remuneration, qualification, disqualification, discipline, suspension or removal of members of the management committee by the Board of Trustees shall be in accordance with the constitution of the host community development trust or such policies as may be approved by the Board of Trustees from time to time. (5) A member of the management committee shall serve a term of four years in the first instance and may be reappointed for another term of four years and no more. (6) i. The Board of Trustees shall notify the Authority within 7days of the appointment or removal of any member of the management committee. (7) ii. Upon removal of a member of the committee, the Board of Trustees shall take immediate steps to replace the member provided that the replacement shall be done within 30 days of the removal. (7) The management committee shall be responsible for the general administration of the host community development trust on an ad hoc basis and shall perform duties set out in section 248 of the Act. 19 (1) The management committee shall, not later than 30 days from the constitution of the management committee, set up and appoint members of the host communities advisory committee. (2) The remuneration, qualification, disqualification, discipline, suspension or removal of members of the advisory committee by the management committee shall be in accordance with the constitution of the host communities development trust or internal policies as approved by the Board of Trustees from time to time. Host Communities Advisory Committee
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