FEATURED
2023: What CBN Act Say About Emefiele’s Presidential Bid – To Resign Or Not?
After months of speculation, Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) joined the 2023 Presidential race, obtaining the forms of the All Progressives Congress (APC).
Prior to Friday, the CBN governor neither confirmed nor denied his interest in succeeding President Muhammadu Buhari.
However, there have been calls on him to step down because of the position that he holds.
The discussion has generated mixed reactions. To take the conversation further, Daily Trust checked the CBN Act.
According to the Act,
– (1) A person shall not remain a Governor, Deputy Governor if he is –
(a) A member of any Federal or State legislative house; or
(b) A Director, officer or employee of any bank licensed under the Banks and Other Financial Institutions Act.
(2) The Governor, Deputy Governor or Director shall cease to hold office in the Bank if he –
(a) becomes of unsound mind or, owing to ill health, is incapable of carrying out his duties;
(b) is convicted…
(d) is disqualified or suspended from practicing his profession in Nigeria by order of a competent authority made in respect of him personally: (e) becomes
(0)
Bankrupt;
Removed by the President: Provided that the removal of the Governor shall be supported by two-thirds majority of the Senate praying that he be so removed.
RESIGNATION
The acts states that the Governor or any Deputy Governor may resign his office by giving at least three months’ notice in writing to the President of his intention to do so and any Director may similarly resign by giving at least one month’s notice in writing to the President of his intention to do so.
It adds that if the Governor, any Deputy Governor of Director of the Bank dies, resigns or otherwise vacates his office before the expiry of the term for which he has been appointed, there shall be appointed a fit and proper person to take his place on the Board for the unexpired period of the term of appointment in the first instance.
(Daily Trust; excluding headline)
FG Orders Marketers to Cut Petrol Prices, Warns Against Profiteering
Morocco Stun Netherlands on Penalties, Paraguay Knock Out Germany to Reach World Cup Last 16
Contractor Laments Vandals Attack on Delta Newly Built Market as Gov Oborevwori Inspects Key Projects
FG Extends NYSC Orientation Camp to Six Weeks, Scraps Military Drills, Passing Out Parade
Oyo Police Rescue Abducted Children, Arrest Four Kidnap Suspects, Recover Sophisticated Firearms
Supreme Court Upholds Final Forfeiture of N1.58bn Linked to Ex-NIRSAL Consultant, Orders N5m Costs
Social Media Is Influencing the Youth Negatively
S’Court Affirms Final Forfeiture of N1.5bn Linked to ex-NIRSAL Consultant to FG
Tension Mounts as Gunmen Kill 82-Year-Old, Teen in Fresh Plateau Attacks
DAFINONE’S EMPTY WORDS: URHOBO PEOPLE DESERVE ACTION, NOT EXCUSES, BY GODWIN ANAUGHE
Oborevwori Summons Ex-Delta Assembly Member Ross Uredi, Imaty-Doma Consults Over Seven-Year Delay On Irri Technical College Project
”They Will Come After Us Next” — Atiku Sounds Alarm on ‘Assault on Opposition Political Parties’
THE BALLOT IS OUR VOICE: WHY YOUTH PARTICIPATION MATTERS, BY MALECHI CHUKWUKA JUDE
Resident Doctors Extend Strike Ultimatum by Four Weeks, Threaten Nationwide Industrial Action
