ISLAMABAD - According to the National Accountability (Third Amendment) Ordinance, 2021, which has been approved by President Arif Alvi, the Supreme Judicial Council's (SJC) power to remove the National Accountability Bureau (NAB) chairman from office has been withdrawn and given back to the president.
On Monday, the Ministry of Law and Justice released the third NAB ordinance. According to the new ordinance, the NAB chairman will have a four-year term. According to the new Ordinance, the conditions for removing a NAB chairman will be the same as for removing a Supreme Court judge.
It claims that cases of fraud, deception, and Modaraba have been returned to the NAB.
It will enter into force immediately, and the revisions will be considered to have taken effect on October 6, 2021. As a result of the revised Ordinance, the NAB will hear all instances of fraud filed before October 6, while earlier cases of bogus accounts would be heard as before.
Previously, the SJC held the authority to remove the NAB chairman.