Tinubu Dissolves Boards of Parastatals, Agencies, Government-owned Companies

Olawale Ajimotokan in Abuja

President Bola Ahmed Tinubu has approved the immediate dissolution of the governing boards of all federal government parastatals, agencies, institutions, and government-owned companies,

A statement issued on Monday by the Secretary to the Government of the Federation, Senator George Akume, said the dissolution was carried out by the government in the exercise of its constitutional powers and in the public interest.

The action also confirmed the story reported by THISDAY on Sunday to the effect that the President had given the Office of the Secretary to the Government of the Federation (SGF), the go-ahead to dissolve and reconstitute the managements and boards of the agencies and parastatals.
 
According to the statement, the dissolution would not affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended.

It stated that in view of this development and until such a time new boards are constituted, the Chief Executive Officers of the parastatals, agencies, institutions, and government-owned companies are directed to refer matters requiring the attention of their boards to the President, through the Permanent Secretaries of their respective supervisory ministries and offices.
 
The statement also directed Permanent Secretaries to route such correspondences to the President through the Office of the Secretary to the Government of the Federation.

The SGF further directed that all Ministries, Departments and Agencies are to ensure compliance to the provision of this directive which took effect from Friday 16th June, 2023.
 
 Akume added that all Permanent Secretaries are particularly directed to inform the Chief Executive Officers of the affected Agencies under the supervision of their respective Ministries/Offices for immediate compliance