Law library · Sierra Leone · THE BANK OF SIERRA LEONE ACT 2019
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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