🔥 Trending Tinubu Dissolves Presidential Committee on Federal Property Sales

Tinubu Administration Dissolves Presidential Committee on Federal Property Sales

The administration of Nigerian President Bola Tinubu has announced the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties. This committee, which was established over two decades ago, was responsible for overseeing the sale, privatization, and leasing of federal government assets across the country ¹²³.

Background of the Committee

The Presidential Implementation Committee (PIC) was initially formed in 2000 during the administration of former President Olusegun Obasanjo ⁵⁶. Its primary mandate was to implement the government's monetization policy, which involved the disposal of federal government landed properties ⁵⁸. The committee had been active for approximately 26 years ⁴.

Reasons for Dissolution and New Arrangements

President Tinubu's decision to dissolve the committee marks a significant reorganisation of how the federal government manages its property disposal program ⁸. With the dissolution, all matters previously handled by the PIC will now be coordinated by the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi ³⁴. This move centralizes the oversight of federal government landed assets under the purview of the AGF ⁴.

The dissolution was announced on July 30, 2026, by Bayo Onanuga, the Special Adviser on Information and Strategy ⁴⁶. The directive signifies an end to the committee's activities, which had been established to manage the disposal of federal assets ². This change aims to streamline processes and potentially enhance transparency in the management of government properties.