Disqualifications to be a Director

(1) No person shall be appointed or remain a Director who is a member of the National Assembly. (2) The Minister may terminate the appointment of a Director appointed under section 12 (1) only if the Director, as the case may be– (a) by writing under his hand addressed to the Minister resigns his office or if the person or body who nominated him revokes his nomination; 24 (b) becomes subject to the disqualification specified in sub-section (1); (c) becomes bankrupt or insolvent, compounds with his creditors or benefits under the law for the relief of a bankrupt or makes any assignment in whole or in part of his income for the benefit of such creditors; (d) is convicted of an offence involving dishonesty, or of any other offence punishable with not less than three years imprisonment (whether or not the convicted person is awarded such sentence); (e) becomes totally or permanently incapable of performing his duties; or (f) is guilty of gross misconduct. (3) The Minister may terminate the appointment of a Director of the Board who absents himself from three consecutive meetings of the Board without leave from the (4) Where any vacancy on the Board is caused by the death, resignation or termination of appointment of a Director, the person or body who or which nominated such Director shall nominate another person, and the Minister shall appoint that person, for the unexpired portion of the term of office of the Director who shall have ceased to hold office. (5) The names of all members of the Board as first constituted, their terms of office and every change in the membership thereof shall be published in the Gazette. CAP. 31.