Breaking: Tinubu Dissolves Boards Of FG Parastatals, Agencies, Institutions, Companies

President Bola Tinubu has dissolved the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies.

Secretary to the Government of the Federation SGF, Senator George Akume who disclosed this in a late Monday statement said the action was an exercise of the president’s “Constitutional Powers and in the Public interest”.

Villamond Investment Limited

He said the dissolution does not, however, 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.

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“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.

“Permanent Secretaries are directed, also, to route such correspondences to Mr President through the Office of the Secretary to the Government of the Federation. Consequently, all Ministries, Departments and Agencies are to ensure compliance to the provision of this directive which took effect from Friday 16th June, 2023.

“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”, Akume stated.