Tinubu Dissolves Presidential Committee On Federal Properties
President Bola Tinubu has dissolved the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties. The government cited the committee's overreach and resulting legal disputes as reasons for the dissolution, transferring its responsibilities to the Attorney General.
Why it matters
This move represents a significant administrative restructuring of how Nigerian federal assets are managed and privatized.
President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties.
Tinubu said that all matters relating to the activities of the Committee will henceforth be coordinated by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN).
On March 22, 2001, the Federal Executive Council (FEC) approved the establishment of a panel of inquiry to produce a White Paper to guide the implementation of its recommendations.
The panel worked for 21 months before submitting its report.
The presidency, in a statement by Tinubu’s media aide, Bayo Onanuga, after careful consideration, the government had noted that the activities of the PIC had extended beyond its original mandate, resulting in multiple litigations across the country, and the continued existence of the committee was no longer justified.
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