President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee on the Alienation of Federal Government Properties, a body established 25 years ago under former President Olusegun Obasanjo.
The President also directed that all functions of the committee be transferred to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.
The decision was announced in a statement issued on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
According to the statement, the dissolution took effect from November 5, 2025, while the committee’s former Secretary, B. S. Dutsin-Ma, was directed to immediately stop acting on behalf of the dissolved body or the Federal Government on matters relating to its activities.
The Presidency said the decision followed a review of the committee’s operations, which revealed that its activities had extended beyond its original mandate and resulted in multiple litigations 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.
The committee was established in 2000 during the Obasanjo administration to oversee the privatisation, sale and leasing of Federal Government landed properties as part of the government’s monetisation policy.
The policy was designed to convert government-owned assets, including houses and vehicles, into cash and reduce the practice of providing public servants with government property as official perks.
The committee included representatives from several ministries and government agencies, with the then Minister of Housing serving as chairman.
However, the implementation of the policy over the years became controversial, with disputes arising over the valuation and disposal of government properties, allegations of undervaluation and claims of irregular sales to politically connected individuals.
The controversies surrounding the sale and allocation of government assets also led to numerous court cases across the country, contributing to the Federal Government’s decision to dissolve the committee.
