Section 126: Disqualifications of bankrupt.

(1) Where a person is adjudged bankrupt under this Act, he shall, subject to the other provisions of this Act, be disqualified for-
(a) being elected to the office of President or Vice-President, Governor or Deputy Governor;
(b) being elected to, or sitting or voting in, either House of the National Assembly or in a State Assembly;
(c) being elected to, or sitting or voting in, any Local Government council in any State in the Federation or the Federal Capital Territory, Abuja;
(d) being appointed to, or sitting or voting in, any governing board (howsoever known or described) of any statutory corporation or any other statutory body (whether corporate or incorporate) or, as provided by section 253 of the Companies and Allied Matters Act, of any company as defined in that section;
(e) being appointed or acting as a justice of the peace;
(f) being appointed or acting as a trustee of a trust estate;
(g) being admitted to practice any profession for the time being regulated by law on his own or in partnership or in any other form of association (other than as an employee) with any other person.
(2) The disqualifications to which a bankrupt is subject under this section shall, unless otherwise provided by any other enactment, be removed and cease if and when-
(a) the adjudication of bankruptcy against him is annulled; or
(b) he is automatically discharged pursuant to the Act; or
(c) he obtains from the Court his discharge with a certificate to the effect that his bankruptcy was caused by misfortune without any misconduct on his part.
(3) The Court may grant or withhold the certificate mentioned in paragraph (c) of subsection (2) of this section as it thinks fit, but any refusal of such certificate shall be subject to appeal.