Tinubu dissolves property privatisation committee

President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee on the Alienation of Federal Government Properties, a body that has existed for 25 years. The committee's functions have been transferred to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.

The directive, announced by Special Adviser to the President on Information and Strategy, Bayo Onanuga, took effect from November 5, 2025. The committee's former Secretary, B. S. Dutsin-Ma, has been instructed to cease all related activities on behalf of the committee and the Federal Government.

The Presidency stated that the decision stemmed from a careful review which revealed that the committee had expanded its activities beyond its original mandate. This overreach resulted in multiple litigations across the country, rendering the committee's continued existence unjustifiable.

Established in 2000 under former President Olusegun Obasanjo, the PIC was tasked with overseeing the privatization, sale, and lease of Federal Government landed assets as part of the administration's monetisation policy. This policy aimed to convert government-owned assets into cash and end the practice of providing perks in kind to public servants. However, its implementation generated decades of controversy, including disputes over property valuation, allegations of undervaluation, and claims of irregular sales.

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After careful consideration, the government has 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 is no longer justified.