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Section 9, THE BANK OF SIERRA LEONE ACT 2019

Status not yet checkedTHE BANK OF SIERRA LEONE ACT 2019, Sierra Leone

(1) The Governor, a Deputy Governor or a non-executivedirector shall be removed from office if - (a) he is unable to perform the functions of his office by reason of infirmity of mind or body; (b) he is bankrupt, suspends payment or compounds with his creditors; (c) he is convicted of an offence which carries a sentence of imprisonment with or without the option of a fine; Place of business. Continuation of Board. Ineligibility to serve on Removal from office. (d) he is suspended or disqualified from practising his profession by the competent body of the profession; (e) he is absent for 3 consecutive meetings of the Board without reasonable excuse; (f) there is proven misconduct on his part; (g) he resigns from office by written notice to the President; (h) there is proven gross breach of duty on the part of the person. (2) Subject to this Act, the Governor or the Deputy Governors may be removed from office by the President before the expiration of their term of office on a resolution passed by Parilaiment supported by two thirds majority of all members of Parliament recommending their removal. (3) The President, acting on a report by the Board that a temporary absence or incapacity of a director other than the Governor or Deputy Governor has occurred, may appoint a substitute to serve until the Board determines that that state has ceased to exist for now. (4) Section 8 relating to ineligibility to serve on the Board and this section, relating to the removal from office shall apply to the members of the Monetary Policy Committee established under paragraph (b) of subsection (2) of section 14.

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