President Bola Tinubu has approved the immediate dissolution of all governing boards of all Federal Government parastatals, agencies, institutions and Government-owned companies.
The dissolution does not 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 Secretary to the State Government clarified in a statement Monday.
“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 to route such correspondences to the 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 read.