President Bola Ahmed Tinubu, has approved the immediate dissolution of the Governing Boards of all Federal Government parastatals, agencies, institutions, and government-owned companies.
This was made known in a statement signed by Willie Bassey, Director of Information, office of the Secretary to the Government of the Federation, released on Monday night.
The statement said the dissolution was done in the exercise of its Constitutional Powers and in the Public interest and took effect from Friday, 16 June 2023.
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“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,” the statement explained.
It directed CEOs of the parastatals, agencies, institutions and government-owned companies to in the interim refer matters requiring the attention to the boards to the president, through the Permanent Secretaries of their respective supervisory Ministries and Offices.
“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,” the statement further reads.
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
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