Trust is a legal relationship in which the owner of a right transfers it to another person or entity who is obligated to keep and utilize it solely for the benefit of another.
In Nigeria, there are many Trustees, but six have stood out due to their impeccable track record over the years.
The following is a list of the top 6 Trustees in Nigeria:
1. STL Trustees
2. Greenwich Trustees Limited
3. Cordros Trustees Limited
4. Custodian Trustees Limited
5. Stanbic IBTC Trustees Limited
6. ARM Trustees Limited
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STL Trustees:
STL Trustees is a well-known Nigerian trust organization that is committed to providing world-class trust services to its clients.
They offer corporate and private trust services, as well as fund and portfolio management.
STL Trustees Limited has been in operation for more than two decades. The company is licensed as Trustees and Funds/Portfolio Managers by the Securities and Exchange Commission, and it has transactional expertise in a range of important sectors of the economy.
A list of their products is as follows:
1. STL CRV (Voluntarily Controlling Your Retirement): This Trust Product is intended to assist you in planning your ideal retirement lifestyle.
2. STL CET (Children Education Trust): This is to ensure that children/wards have a proper education.
3. STL Target Event: STL Target Event is a Trust product that allows individuals to build up funds over time to achieve pre-determined target events such as future business investments, real estate purchases, annuity purchases, weddings, holy pilgrimages, and so on.
Their objective is to simplify and market tailored Trust Solutions that add value to our stakeholders over time.
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Greenwich Trustee Limited:
Greenwich Trustees has offered financial services to several clients, including high-net-worth individuals, corporations, governments, educational organizations, and financial institutions, on matters relating to private trusts, bond flotation, and loan syndication.
They offer corporate, public and private trust services, as well as wealth management and agency services.
A list of their products is as follows:
1. Citizenship/Residency by Investment: The process of getting second citizenship and passport by investing in the host country’s economy.
2. Greenwich Kiddies Investment (G – Kiddies): This was created for the children of GTL Group and other large corporations and multinational employees. The product is aimed at children aged 0 to 11 who are employees’ children.
3. Pastors and Ministers Retirement Plan: This plan is designed for pastors and ministers who work in churches. Churches can use this tool to construct retirement plans for their pastors and ministers if they leave.
4. Canada Start-up Visa (SUV) Plan: The SUV is a rapid, cost-effective, and dependable immigration pathway to Canada that grants Permanent Residency (PR) on the first day. Unlike other types of corporate immigration, the PR status is not contingent on the company’s success.
5. Healthcare Trust: This product was created to assist diasporas who are responsible for a variety of support needs for loved ones back home, the most important of which is healthcare, as well as millions of Nigerians who have retired from paid employment and thus are not covered by the HMO dragnet.
6. Multifamily Office Offering: Financial Planning, Investment (Management Services, Life Management and Budgeting, Philanthropic Management), and Multifamily Office Services are all included in this offering.
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Cordros Trustees Limited:
Cordros Trustees Limited is a Cordros Capital Group business dedicated to the creation, preservation, and transfer of property and assets to their rightful owners.
They provide services in the areas of private, corporate, and public trust.
The following is a list of their products:
1. Cordros Education Trust (CET): This is for making regular contributions and investing in your children, grandchildren, and wards education.
2. Estate planning: This is designed to assist you in preparing for incapacity as well as to avoid or remove concerns about the administration of a will or estate. They will also reduce taxes and other expenses to increase the value of the estate.
3. Debenture Trust: The purpose of a Debenture Trust is to facilitate communication between an issuing firm and its Debenture holders while performing its tasks.
4. Trustee-Employee Benefit Scheme: Employee Benefit Schemes, such as staff share schemes, are arrangements that are aimed to align the interests of employees and the firm. This is usually set up to serve as an incentive system for employees and to encourage long-term employee loyalty.
5. Trustee to Housing Scheme: They lookout for the best interests of all stakeholders in mass housing programs by establishing and operating a trust structure that safeguards and protects all parties’ interests (financiers, government, allotters, contractors, etc.
6. Note/Bond Trusteeship: They act in a fiduciary position to protect bondholders interests and entitlements, as well as oversee and enforce the bond indenture’s provisions.
7. Trustee to Collective Investment Schemes: They function as a Trustee for Unit Trust Schemes and Managed Funds to comply with regulatory requirements and protect investors. They collaborate with the Fund Managers to ensure that the Trust Deed, Prospectus, and applicable regulations are followed. They also act on behalf of Unitholders and hold the scheme’s assets in a trust.
8. Escrow Agency Services: They secure all types of assets using best-in-class escrow and collateral services. They provide a flexible, bespoke solution to enable quick transaction completion for both simple and complicated transactions while closely monitoring counterparty risk. They guarantee to protect your funds/assets and distribute them according to agreed-upon terms and circumstances.
9. Corporate Service: They offer a variety of business services, including the following:
- Special purpose vehicles (SPVs) and other entities created to hold assets or set up as part of complex loan capital transactions, securitizations, and lease agreements require independent company directors.
- Board of Trustees of Registered Foundations and Charities membership.
- Services for company secretarial and compliance support for SPVs, including companies formed specifically to hold clients assets.
Whether or not we have been nominated as Trustees in a transaction, they provide these services.
10. Loan Syndication and Fund Aggregation Service: They provide Trust services in transactions in which a group of lenders join together to fund different parts of a single loan for a single borrower. They also offer specialized services to businesses that use public funding to invest in or develop real estate.
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Custodian Trustees Limited:
Custodian Trustees Limited is a subsidiary of Custodian Investment Plc that is authorized to perform trusteeship services by the Securities and Exchange Commission.
Clients, both corporate and individual, have come to rely on them for specialized advising and transactional services. Their thorough awareness of their client’s demands and objectives is at the heart of this strategy.
The following is a list of their products:
1. Education Trust: This is a wise and responsible approach to plan for your children’s education and to offer those you care about a head start in life. It provides you peace of mind to know that your school fees will be paid on time. A Trust Deed is used to implement the Education Trust. On request by parents/guardians, the Trustee can make direct payments to the schools.
2. Target Trust: This is a trust that allows donors to save toward a specified goal, such as marriage or childbirth.
3. Wealth Management & Estate planning: This category caters to high-net-worth people, middle-class families, and low-income individuals with services such as wills, living trusts, and estate administration.
4. Corporate Trust services: They offer a range of Corporate Trust Services to Bond issuers.
5. Public Trust: The following are some of the services they provide:
- Oversee the Trust Deed and other security documents preparation and completion.
- Work with the Issuing House(s) to ensure that the SEC registers the securities promptly.
- Monitor Issuer operations to ensure that the Trust Deed and other applicable transaction documents are being followed.
- Calculate and ensure that entitlements are paid accurately and on time.
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Stanbic IBTC Trustees:
Stanbic IBTC Trustee is a subsidiary of Stanbic IBTC Bank that provides estate planning and administration services to High Net-Worth individuals and groups through a Private Trust service.
The following is a list of their products:
1. Estate planning: This can be accomplished with Stanbic IBTC Trustee by establishing a private trust, a will, and an educational trust.
2. Institutional Trust and Loan Agency: The Institutional Trust and Loan Agency provides agency, escrow, bond and security trustee services, as well as employee share option plans.
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ARM Trustees:
They offer adaptable and cost-effective strategies to protect assets and achieve a variety of financial and estate planning goals.
ARM Trustees is an organization that recognizes ambitions and is dedicated to facilitating the realization of those ambitions.
The following is a list of their products:
1. Private Trust: By providing Living and Discretionary Trust services, they utilize their expertise in providing unparalleled Trust services to ensure that your wishes are carried out and your interests are protected.
2. Estate planning: They assist in the planning and arrangement of one’s estate to ensure that the individual, his or her family, and other parties, like charitable organizations to whom the individual is related, are protected.
3. Offshore Trust services: They assist in the structuring of rising wealth, including fixed and fluid assets in various forms, as well as the creation of appropriate vehicles and channels to harness opportunities both locally and internationally for you and your named beneficiaries.
4. Education Trust: They assist in the establishment of an Education Trust Fund that will provide for the children’s educational needs during the sponsor’s lifetime. This arrangement can also handle instructions to the Trustee in the event of the sponsor’s incapacitation or death.
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Originally posted on February 15, 2022 @ 11:51 pm
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