President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, a body established 25 years ago 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.
Announcing the decision in a statement on Thursday, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said the dissolution took effect from November 5, 2025. He added that the committee’s former Secretary, B. S. Dutsin-Ma, had been instructed to immediately stop acting on behalf of both the committee and the Federal Government on matters relating to its operations.
According to the Presidency, the action followed a review which found that the committee had exceeded its original mandate, leading to numerous court cases across the country.
It said the development no longer justified the committee’s continued existence.
“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 read.
The PIC was established in 2000 under Obasanjo to oversee the privatisation, sale and lease of Federal Government landed assets under the administration’s monetisation policy.
The sweeping reform programme at the time sought to convert government-owned housing, vehicles and other assets into cash and end the practice of providing perquisites in kind to public servants.
Its membership comprised the then Minister of Housing as chairperson, alongside representatives from the Ministries of Transportation, Justice, Health and Agriculture, as well as the Nigeria Police Force, with Professor P. T. Ahire, then a Deputy Director in the Office of the SGF, serving as pioneer Secretary.
On March 22, 2001, the Federal Executive Council approved the establishment of a Panel of Inquiry to produce a White Paper to guide the implementation of the committee’s recommendations.
The panel worked for 21 months before submitting its report.
The monetisation policy it served emerged as one of the most consequential administrative reforms of the Obasanjo era.
However, its implementation generated decades of controversy, with thousands of disputes arising over the valuation and sale of government properties, allegations of undervaluation, claims of irregular sales to political insiders and a trail of court cases.