BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020
Section 103: Composition of the Tribunal.
(1) The Tribunal shall consist of at least 11 persons to be appointed as full-time members by the President.
(2) The President of the Tribunal who shall be a legal practitioner of at least 15 years post call, with a minimum of seven years' experience in-
(a) banking and financial services,
(b) law and practice; or
(c) in the banking and financial services sector.
(3) Other members of the Tribunal shall be legal practitioners of not less than 12 years post call, with a minimum of five years’ experience in-
(a) banking and financial services industry;
(b) law and practice; or
(c) in the banking and financial services sector.
(4) A person appointed as a member of the Tribunal shall not be removed from office except in accordance with the provisions of this Chapter.
(5) The President of the Tribunal is the chief executive and accounting officer and is responsible for the overall control, supervision and administration of the Tribunal.
(6) No member of the Tribunal shall perform any administrative function except as otherwise delegated by the President of the Tribunal.
Cite this section
Section 103, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).
https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/103/