CBN Act 2007 Section 13
(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;
(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
"Provided that the removal of the Governor shall be supported by two-thirds majority of the Senate praying that he be so removed." Which senate did GEJ took the matter to before removing Lamido?
ReplyDeleteOr was it his cabinet that r now the senate of the Federal Republic of Nigeria? Y can't GEJ do things in d right way and manner 4 once? He should have taken d matter 2 d senate b4 taking the action in d first place. He takes decisions without consultation as like je does with his personal maids and servants.
"Provided that the removal of the Governor shall be supported by two-thirds majority of the Senate praying that he be so removed." Which senate did GEJ took the matter to before removing Lamido?
ReplyDeleteOr was it his cabinet that r now the senate of the Federal Republic of Nigeria? Y can't GEJ do things in d right way and manner 4 once? He should have taken d matter 2 d senate b4 taking the action in d first place. He takes decisions without consultation like he does his personal maids and servants.
He takes decisions without consultation like he does take decisions on matters concerning his personal maids and servants.
ReplyDeleteKudos to GEJ that is good the APC man has gone, he should go and kill the ermire of Kano and take Over,
ReplyDeleteSuspension is unlawful called,it shows how corrupt is jonathan administration it is. By sideline One-third majority of the senate,it is autocratic leader in nature.
ReplyDelete