PENSION REFORM ACT, 2014

Section 21: Cessation of office

2014Section 21 of 120Federal Republic of Nigeria

(1)
Notwithstanding the provisions of sections 20 and 26 (3) of this Act, a member ofthe Board shall cease to hold office as a member of the Board if-
(a)
he resigns his appointment as a member of the Board by a notice, under his hand, addressed to the President;
(b) his term of office expires;
(c) he dies;
(d) he becomes of unsound mind;
(e) he becomes bankrupt or makes a compromise with his creditors;
(f) he is convicted of a felony or of any offence involving dishonesty or corruption;
(g)
he becomes incapable of carrying out the functions of his office either arising from an infirmity of mind or body;
(h) he is found to have contravened the provisions of section 19(5) or (6) of this Act;
(i) in the case of an ex-officio member, he ceases to hold the office on the basis of which he became a member of the Board; or
(j)
the President is satisfied that it is not in the interest of the Commission or public for the person to continue in office and notifies the member in writing to that effect
(2)
In the event of a vacancy, the President shall appoint a replacement from the geo-political zone of the immediate past member that vacated office to complete the remaining tenure

Cite this section

Section 21, PENSION REFORM ACT, 2014 (2014).

https://repo.podus.ai/laws/pension-reform-act-2014/section/21/