President Bola Ahmed Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, ending the operations of the 25-year-old committee established during the administration of former President Olusegun Obasanjo.
The President also directed that all the committee’s responsibilities be transferred to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.
The directive was announced on Thursday in a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
Functions Transferred to Attorney-General
According to the Presidency, the dissolution took effect from November 5, 2025.
The statement further directed the committee’s Secretary, B. S. Dutsin-Ma, to immediately stop acting on behalf of the committee and the Federal Government on all matters relating to the alienation of federal properties.
Why Tinubu Dissolved the Committee
The Presidency explained that the decision followed a comprehensive review which revealed that the committee had exceeded its original mandate, resulting in numerous legal disputes across the country.
According to the statement, the committee’s continued existence was no longer necessary.
“The activities of the Presidential Implementation Committee had extended beyond its original mandate, resulting in multiple litigations across the country, and its continued existence is no longer justified,” the statement said.
Committee Established Under Obasanjo
The Presidential Implementation Committee was created in 2000 under former President Olusegun Obasanjo to oversee the privatisation, sale and lease of Federal Government landed assets as part of the administration’s monetisation policy.
The policy aimed to convert government-owned assets, including official residences and vehicles, into revenue while ending the provision of certain benefits in kind to public servants.
The committee included representatives from key federal ministries, the Nigeria Police Force and other government agencies, with Professor P. T. Ahire serving as its pioneer secretary.
Monetisation Policy Generated Controversy
Although regarded as one of the most significant public sector reforms of the Obasanjo administration, the monetisation programme sparked widespread controversy over the years.
The implementation process led to numerous disputes involving property valuations, allegations of irregular sales, claims of undervaluation and several court cases concerning the disposal of federal government assets.
With the committee now dissolved, the Federal Government says the Attorney-General’s office will assume responsibility for all outstanding matters relating to the management and alienation of federal government properties.
