President Bola Tinubu, on Monday, night approved the immediate dissolution of the governing boards of all federal government parastatals, agencies, institutions, and government-owned companies.

A statement signed by the Director, Information of the Secretary to the Government of the Federation, Willie Bassey, noted that this is in the exercise of its constitutional powers and in the public interest.

The dissolution does not, however, 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.

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, also, to route such correspondences to Mr 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 June 16, 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.

[DailyPost]