Section 14 Petroleum Industry Act 2021

Section 14 Petroleum Industry Act 2021 is about Suspension or removal of members of the Board of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act.

A member of the Board of the Commission may be suspended or removed from office by the President, where the member-
(a) is found to be—-
(i) unqualified for appointment under section 11 of this Act,
(ii) unqualified subsequent to his appointment, or
(iii) in breach of conflict of interest provisions in the Companies and Allied Matters Act or any regulation regarding conflicts of interest passed under this Act;

(b) ceases to be an employee of the ministry or agency he represents on the Board of the Commission;
(c) has demonstrated an inability to effectively discharge the duties of his office;
(d) has been absent from the meeting of the Board of the Commission for three consecutive times without the consent of the Chairman or in the case of the Chairman, without the consent of the President, except where good reason is shown for the absence ;
(e) is found guilty of serious misconduct by a court or tribunal of competent jurisdiction; or

(f) has, under the law in force in any country-
(i) been adjudged or dee lared bankrupt or insolvent and has not been discharged,
(ii) made an assignment to or arrangement or composition with his creditors which has not been rescinded or set aside, or
(iii) been declared to be of unsound mind.