INVESTMENTS AND SECURITIES ACT

Section 8: Disqualification and cessation of appointment

2007Section 8 of 316Federal Republic of Nigeria

(1) A member of the Board shall cease to hold office if he:
(a) becomes of unsound mind;
(b) becomes bankrupt or makes a compromise with creditors;
(c) is convicted of a felony or any offence involving dishonesty;
(d) is guilty of serious misconduct in relation to his duties; or
(e) is a person who has a professional qualification, and is disqualified or suspended (other than at his own request) from practicing his profession in any part of Nigeria by the order of any competent authority made in respect of him personally.
(2) The President may at any time and upon the recommendation of the Minister remove a person to whom subsection (1) of this section applies:
Provided no full time member of the Board of the Commission shall be removed from office without the approval of the Senate.

Cite this section

Section 8, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/8/