Standard Times Publication of Trustees

Description

The publication of trustees is a legal requirement that ensures transparency and public awareness about the individuals who are responsible for managing the affairs of an organization. These individuals, known as trustees, act as the official representatives of the organization in all legal and administrative matters.

The process involves publishing a notice in at least two national newspapers, one of which must be a widely circulated publication. This notice informs the public about the trustees and the intention to register the organization. It also allows any objections to the registration to be raised within a stipulated period, usually 28 days.

Why is the Publication of Trustees Important?

1. Transparency: The publication ensures that the details of the trustees are made available to the public, fostering accountability.
2. Legal Compliance: It is a mandatory requirement under Nigerian law for organizations seeking incorporation.
3. Public Input: The process allows individuals or entities with legitimate objections to voice their concerns about the trustees or the organization.
4. Recognition: It is a key step in establishing the organization’s credibility and legal standing.

Requirements for the Publication of Trustees

To complete the publication of trustees, certain documents and information must be prepared. These include:

1. Trustee Information:
   • Full names, addresses, and contact details of all trustees.
2. Organization’s Objectives: A detailed description of the purpose and goals of the organization.
3. Proposed Name of the Organization: Ensure that the name is unique and has been pre-approved by the CAC.
4. Newspaper Publication Fees: Payment of the required fees for the newspaper advertisement.