Section 162: Alteration of trust deed, custodial agreement or change of name of scheme to be approved by the Commission.

(1) No manager, trustee or custodian under a scheme shall make any alteration in the trust deed or custodial agreement in which are expressed the trusts of an authorised scheme or to make any change in the name of an authorised scheme without prior approval of the Commission.
(2) A manager or trustee under a scheme who contravenes the provision of subsection (1) of this section, is liable to a fine of N100,000 and a further sum of N5,000 for every day the contravention continues.