BANKRUPTCY ACT

Section 93: Removal of trustee.

1979Section 93 of 143Federal Republic of Nigeria

(1) The creditors may by ordinary resolution, at a meeting specially called for that purpose of which seven days' notice has been given, remove a trustee, other than the Official Receiver, appointed by them and may at the same or any subsequent meeting appoint another person to fill the vacancy as provided in case of a vacancy in the office of trustee.
(2) If the Court is of opinion-
(a) that a trustee appointed by the creditor is guilty of misconduct or fails to perform his duties under this Act; or
(b) that his trusteeship is being needlessly protracted without any probable advantage to the creditors; or
(c) that he is by reason of mental or physical disability or absence incapable of performing his duties; or
(d) that his connection with or relation to the bankrupt or his estate or any particular creditor might make it difficult for him to act with impartiality in the interest of the creditors generally; or
(e) that the interests of the creditors require it,
the Court may remove him from his office and appoint another person in his place.

Cite this section

Section 93, BANKRUPTCY ACT (1979).

https://repo.podus.ai/laws/bankruptcy-act/section/93/