Meristem Securities Limited has launched a new product called Meristem Diaspora Trust which aims at ensuring that the fear often faced by people in Diaspora who want a reliable “eye” in Nigeria over their investment or home-coming plans are eliminated.
Meristem Diaspora Trust is a service/product designed such that those responsibilities are transferred to a trustee who represents and protect the interests of the owner with a view to ensuring that those objectives are achieved.
Meristem Diaspora Trust is a trust service directed at Nigerians in Diaspora who appoints Meristem Trustees Limited to oversee the investments with the aim of ensuring performance. Where fund is involved, the investments are undertaken in line with client’s mandate/instruction.
The investment will be managed by a team of investment experts. Where it involves real estate (land purchase or building construction) such will be undertaken and carefully supervised by Meristem Trustees Limited leveraging on other professionals.
A major challenge faced by most Nigerians living abroad is having a reliable and capable person in Nigeria who can coordinate and ensure that their instructions are carried out effectively. Often times, the so called ‘trusted’ people to whom these funds from Diaspora are remitted to in Nigeria either lack the capacity/skill to perform or divert it for personal use.
Meristem Diaspora Trust is aimed at ensuring that Diaspora Nigerians execute projects/investments of their choice in Nigeria successfully whilst still residing abroad.
Meristem Diaspora Trust is targeted at Nigerians in the Diaspora who desire some level of investments at home whilst still abroad. This ranges fromthose who are searching for companies to invest, want to execute building project or any other related services.
Meristem Diaspora Trust relieves settlor or any stress and anxieties often experienced in undertaking investment in Nigeria while abroad. The investment is assured in line with your desires. It has flexible exit option. The trustees ensure adherence to the Trust Deed, professionalism is assured, the settlor is kept abreast of periodic reporting on the investment.
Where the client has professionals working on his project, such will be coordinated by Meristem Trustees Limited and fund will be held in trust on behalf of the client.
Sulaiman Adedokun, deputy Group Managing Director of Meristem Securities Limited said at the launch in Lagos that: “There is strong connection between the product and the company itself.
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