FG establishes panel to restructure parastatal boards

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The Secretary to the Government of the Federation, George Akume, has established an ad hoc committee to assess the resumes of people who will replace board posts following the dissolution of agency boards by President Bola Tinubu in June 2023.

Atiku Bagudu, a former governor of Kebbi State, and Abubakar Badaru, a former governor of Jigawa State, are currently serving as co-chairs of the ad hoc committee.

Our source learned that the two former governors were collaborating to ensure a prompt submission of names in order to guarantee the appointment of new board members in accordance with the “renewed hope” agenda.

Although it is not yet known when the final list of names will be provided, a text from the SGF’s office revealed that Akume met with Bagudu and Badaru at his office on Friday in Abuja.

“The SGF established an ad hoc committee, whose co-chairs are Atiku Bagudu and Abubakar Badaru. It’s finally time to install the cabinet. The creation of agency boards is currently the only holding up process.

Through the office of the SGF, Tinubu had declared the dissolution of the boards of the parastatals, agencies, institutions, and government-owned businesses.

According to a statement from the SGF office’s spokesperson, Willie Bassey, “14 agencies mentioned in the third schedule, Part 1, Section 153(i), of the 1999 Constitution of the Federal Republic of Nigeria were, however, exempted from the directives.

“In the exercise of his constitutional powers and in the public interest, President Bola Ahmed Tinubu has approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies.

The Boards, Commissions, and Councils specified in the Third Schedule, Part 1, Section 153(i), of the 1999 Constitution of the Federal Republic of Nigeria, as amended, are unaffected by the dissolution, however.

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, in light of this development and until such time as new boards are constituted.

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