Nigeria (NG)

Jurisdiction Overview

IDQuestionAnswer
204 *Are Trusts available? BOTH: Domestic trust law and administration of foreign law trusts.
 Data Date: 2016

Notes

 
Trusts are available in Nigeria. According to the Global Forum, "It is possible to create a trust under the laws of Nigeria. The concept of trust involves the transfer of possession and control of a property to a trustee for the purposes of management for the benefit of the beneficiary" (GF 2016: 55) and "There is no law prohibiting a resident of Nigeria from acting as a trustee or otherwise in a fiduciary capacity in relation to a trust formed under foreign law" (ibid.: 62).

Sources

GF 2016: 55 & 62