Disqualification and cessation of appointment.
11. – (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;
