Tinubu Dissolves Presidential Committee on Federal Assets

President Bola Ahmed Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties.

Following the dissolution, all matters relating to the committee’s activities will now be coordinated by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi.
The committee was established in 2000 during the administration of former President Olusegun Obasanjo to oversee the privatisation, sale and lease of Federal Government landed assets under the government’s monetisation policy. It was chaired by the then Minister of Housing and included representatives from the Ministries of Transportation, Justice, Health, Agriculture, the Nigeria Police Force, as well as members from the public and private sectors. Professor P.T. Ahire, then a Deputy Director in the Office of the Secretary to the Government of the Federation, served as its pioneer Secretary.
On March 22, 2001, the Federal Executive Council 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.
According to a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Federal Government observed that the committee’s activities had extended beyond its original mandate, leading to multiple litigations across the country. Consequently, the government concluded that the continued existence of the committee was no longer justified.
President Tinubu therefore directed the dissolution of the committee, with the Attorney General of the Federation assuming responsibility for coordinating all related matters with effect from November 5, 2025.
The statement further directed the former Secretary of the committee, B. S. Dutsin-Ma, to immediately cease acting on behalf of the dissolved committee and the Federal Government on matters relating to its former responsibilities.