Section 15, The Bank of Sierra Leone Act, 2000

(1) No person shall be appointed or shall remain Governor, Deputy Governor or other Director of the Bank who is— (a) a member of Parliament; (b) a director, salaried official or shareholder of any licensed institution which carries on deposit taking business in Sierra Leone or of any other institution subject to the regulatory jurisdiction of the Bank; or (c) an officer in the public service. (2) The Governor or Deputy Governor and other Directors may resign their offices on giving at least three months' notice of their intention in writing to the President. (3) Subject to this Act, the Governor shall not be removed from office before the expiration of the term of his appointment unless a resolution is passed by Parliament supported by two-thirds of all its members recommending his removal from office. (4) The Governor, the Deputy Governor or any other Director shall cease to hold office if— (a) he becomes unsound of mind or incapable of carrying out his duties according to the written opinion of three medical practitioners (as defined in the Medical Practitioners and Dental Surgeons Act, (1994) selected by the Board; [Margin: Act No. 12 of 1994.] (b) he becomes bankrupt or suspends payment or compounds with his creditors; 38 No. 3 Bank of Sierra Leone Act 2000 (c) he is convicted of a felony or of any offence involving dishonesty; (d) he is guilty upon a finding of the Board of serious misconduct in relation to his duties; (e) in the case of a Director other than the Governor or Deputy Governor, who is possessed of professional qualifications, he is found guilty of serious professional misconduct and as a consequence is debarred from practising his profession. [Margin: Provision of substitutes.]