Section 15, The National Investment Board Act, 2022

(1) The Executive - Director shall be removed from officeby the Board for any of the following reasons - (a) Inability to perform the functions of his office due to negligence or infirmity of mind or body; (b) proven misconduct; (c) if he becomes bankrupt or insolvent; (d) if he is convicted and sentenced for an offence involving fraud or dishonesty; (e) if he fails to attend 3 consecutive meetings of the Board without reasonable excuse or (f) if he resigns from office by forwarding a written notice to the Chairman. (2) Where the actions of the Executive Director amounts to his removal the Board shall suspend the Executive Director and the Disciplinary Committee referred to under subsection (2) of section 9 shall enquire into the matter. (3) The Disciplinary Committee shall submit a report at the end of its enquiry containing its recommendation on whether the Executive Director should or should not be removed.