Section 138 Investments and Securities Act

Section 138 of the Investments and Securities Act 2025 is about Actions not prohibited under section 137. It is under Part XI (Trading in Securities) of the Act. It provides as follows:

A person shall not be guilty of insider dealing by virtue of —
(a) doing any particular thing other than with a view to make a profit or avoid a loss, whether for himself or another person, by the use of that information; or

(b) entering into a transaction in the course of the performance in good faith of his functions as a liquidator, receiver or trustee in bankruptcy.

See also  Section 84 Nigerian Electoral Act 2022

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