Presidency Shuts Down Federal Assets Panel Over Rising Court Cases

President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, ending the operations of the committee with effect from November 5, 2025.

According to Ireporter Online, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, announced the decision in a statement, stating that the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, will now oversee and coordinate all matters previously managed by the committee.

The Presidential Implementation Committee was established in 2000 under the administration of former President Olusegun Obasanjo to supervise the privatisation, sale and lease of federal government properties as part of the government’s monetisation policy.

The committee comprised representatives from key government ministries, including Housing, Justice, Transportation, Health and Agriculture, as well as officials from the Nigeria Police Force and members of the private sector.

The Presidency explained that the committee’s activities had gone beyond its initial mandate and had contributed to several legal disputes across the country.

“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,” the statement said.

President Tinubu subsequently directed that all outstanding issues connected to the dissolved committee be handled by the Attorney-General of the Federation.

The Presidency also ordered the former secretary of the committee, B.S. Dutsin-Ma, to immediately stop acting on behalf of the dissolved body or representing the Federal Government in matters relating to its activities.

The government said the decision was taken to ensure proper coordination and accountability in the management of federal government properties while addressing the legal challenges associated with the committee’s operations.