The CBN Act 2007 as it relates to removal of CBN GOVERNOR (1) A - TopicsExpress



          

The CBN Act 2007 as it relates to removal of CBN GOVERNOR (1) A person shall not remain a Governor, Deputy Governor or Director of the Bank if he is (a) a member of any Federal or State legislative house; or (b) a Director, officer or employee of any bank licensed under the Banks and Other Financial Institutions Act. (2) The Governor, Deputy Governor or Director shall cease to hold office in the Bank if he (a) becomes of unsound mind or, owing to ill health, is incapable of carrying out his duties; (b) is convicted of any criminal offence by a court of competent jurisdiction except for traffic offences or contempt proceedings arising in connection with the execution or intended execution of any power or duty conferred under this Act or the Banks and Other Financial Institutions Act; (c) is guilty of a serious misconduct in relation to his duties under this Act; (d) is disqualified or suspended from practicing his profession in Nigeria by order of a competent authority made in respect of him personally; (e) becomes bankrupt; (f) is removed by the President: Provided that the removal of the Governor shall be supported by two thirds majority of the Senate praying that he be so removed.
Posted on: Fri, 21 Feb 2014 05:10:50 +0000

Trending Topics



Recently Viewed Topics




© 2015