President Bola Tinubu has authorized the immediate dissolution of all Federal Government parastatals, agencies, institutions, departments and government-owned companies.

A statement released on Monday by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey, announced that boards, commissions, and councils listed in the third schedule, part one section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria are excluded from the president’s directive.

The statement reads: “President Bola Ahmed Tinubu, GCFR, has approved the immediate dissolution of the governing boards of all Federal Government parastatals, agencies, institutions and government-owned companies 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, 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 14 boards that were not affected by the dissolution are: Code of Conduct Bureau; Council of State; Federal Character Commission; Federal Civil Service Commission; Federal Judicial Service Commission; Independent National Electoral Commission; National Defence Council; National Economic Council; National Judicial Council; National Population Commission; National Security Council; Nigeria Police Council; Police Service Commission and Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

President Bola Ahmed Tinubu has hit the ground running since he was sworn-in on May 29 to replace Muhammadu Buhari.

Recall that he recently suspended the Governor of the Central Bank of Nigeria, Godwin Emefiele and the Chairman of the country’s anti-corruption agency, Abdulrasheed Bawa.

i-News Nigeria also reported that Tinubu retired all current service chiefs, the Inspector-General of Police, advisers, and the Comptroller-General of Customs on Monday night. He has since announced new replacements.