Section 214: Notice calling for claims against the investor protection fund.

(1) The Commission, a securities exchange or capital trade point, as the case may be, may cause to be published in any two national daily newspapers circulating in Nigeria a notice, in or to the effect of a form prescribed by the Commission, specifying a date, not being earlier than one month after the said publication, on which claims for compensation from the investor protection fund, in relation to the person specified in the notice, may be made.
(2) A claim for compensation from an investor protection fund in respect of a defalcation shall be made in writing to the board of trustees within 6 months after the claimant became aware of the defalcation, and any claim which is not so made shall be barred unless the Commission otherwise determines.
(3) No action for damages shall lie against a securities exchange or capital trade point or against any member or employee of a securities exchange or capital trade point or of a board of trustees or management sub-committee by reason of any notice published in good faith and without malice for the purposes of this section.