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Tinubu dissolves property privatisation committee

by Editor
July 30, 2026
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The Nigeria’s President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee on the Alienation of Federal Government Properties, a 25-year-old body established under former President Olusegun Obasanjo.

Penpushing reports that this was contained in a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga, adding that the president also transferred all its functions to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.

The statement added that the dissolution took effect from November 5, 2025, and that the committee’s erstwhile Secretary, B. S. Dutsin-Ma, had been directed to immediately cease acting on behalf of the committee and the Nigerian Government on all related matters.

Penpushing further report that Onanuga explained that the decision followed a careful review that found the Presidential Implementation Committee (PIC) had extended its activities beyond its original mandate, resulting in multiple litigation across the country, stressing that the development no longer justified the committee’s continued existence.

“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 read.

Penpushing also reports that Presidential Implementation Committee (PIC) was established in 2000 under former President Olusegun Obasanjo to oversee the privatisation, sale and lease of Nigerian Government landed assets under the administration’s monetisation policy.

The sweeping reform programme at the time sought to convert government-owned housing, vehicles and other assets into cash and end the practice of providing perquisites in kind to public servants.

Penpushing reports that its membership comprised the then Minister of Housing as chairperson, alongside representatives from the Ministries of Transportation, Justice, Health and Agriculture, as well as the Nigeria Police Force, with Professor P. T. Ahire, then a Deputy Director in the Office of the SGF, serving as pioneer Secretary.

The Federal Executive Council (FEC) on March 22, 2001 approved the establishment of a Panel of Inquiry to produce a White Paper to guide the implementation of the committee’s recommendations.

Penpushing further reports that the panel worked for 21 months before submitting its report, while it is recalled that the monetisation policy served emerged as one of the most consequential administrative reforms of the Obasanjo era.

The implementation, however, generated decades of controversy, with thousands of disputes arising over the valuation and sale of government properties, allegations of undervaluation, claims of irregular sales to political insiders and a trail of court cases.

FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or   event? Contact us on WhatsApp +2348073463653 or email penpushing@yahoo.com

Editor

Editor

Dimeji Kayode-Adedeji is a Nigerian Journalist of over decades working experience. He has worked in various media organisations and served in various capacity in the media industry. He was a former member of Central Working Committee (CWC) of Nigeria Union of Journalists (NUJ), where he served as a Zonal Secretary (South-West) of the union. He is presently a member of the Nigerian Guild of Editors (NGE), a member of the Guild of Corporate Online Publishers (GOCOP), member International Press Institute (IPI), Nigeria Chapter and member Nigeria Union of Journalists (NUJ), as well as member Caretaker Committee National Alumni Association of Nigerian Institute of Journalism(NIJ) He studied journalism at Nigerian Institute of Journalism, Lagos, Nigeria, Public Administration at Ogun State Polytechnic (now Moshood Abiola Polytechnic Abeokuta, and read Broadcasting at Crescent University, Abeokuta, Ogun State Nigeria The veteran journalist is the Founder of a Penpushing Media owner of Online Newspapers and Online Television, which is registered with Corporate Affairs Commission (CAC). Penpushing Media is first online newspaper to start operation in Abeokuta, a town where journalism started in Nigeria He is an award winning journalist, with records which include Best Journalist of the year award in Ogun State (South-West of Nigeria), Appreciation Award from United Nations Population Fund (Advocacy Project) and Representative of Sustainable Development Goals (SDG’s) in Nigeria. He is media consultant for Nigerian Youth Organisation(NYO) Ogun State Chapter. Media Partner with Lead Women of Africa, a Non Governmental Organisation with headquarters in South Africa, Media Partner with United Nations Information Centre(UNIC), Media Adviser to late Iyalode Alaba Lawson among others

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