BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020

Section 108: Disqualification of Members of the Tribunal.

2020Section 108 of 132Federal Republic of Nigeria

A member of the Tribunal ceases to hold office if such member- (a) attains the age of 65;
(b) becomes of unsound mind or, owing to ill health, is incapable of discharging his duties;
(c) is adjudged bankrupt or such member makes a compromise with his creditors;
(d) is convicted of a felony or any offence involving fraud or dishonesty by a Court of competent jurisdiction;
(e) is guilty of serious misconduct in relation to his duties;
(f) is disqualified or suspended (other than at his own request) from practising the legal profession in any part of Nigeria or outside Nigeria by the order of any competent authority made in respect of him personally, or has an interest in or is a director or shareholder of a financial services provider;
(g) has an interest in or is a director or shareholder of a bank, specialised bank or other financial institution; or
(h) convicted of a sexual offence.

Cite this section

Section 108, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).

https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/108/