President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, bringing an end to the committee's operations after more than two decades.

The President also directed that all matters relating to the committee's activities be transferred to the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, who will henceforth coordinate all related issues.

The directive was contained in a statement issued on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

According to the statement, the committee was established in 2000 during the administration of former President Olusegun Obasanjo to oversee the privatisation, sale and lease of Federal Government landed assets under the Federal Government's monetisation policy.

The committee was chaired by the then Minister of Housing and included representatives from the Ministries of Transportation, Justice, Health and Agriculture, as well as the Nigeria Police Force. Its pioneer Secretary was Prof. P.T. Ahire, then a Deputy Director in the Office of the Secretary to the Government of the Federation, while other members were drawn from both the public and private sectors.

The Presidency recalled that on March 22, 2001, the Federal Executive Council approved the establishment of a Panel of Inquiry to prepare a White Paper that would guide the implementation of the panel's recommendations. The panel reportedly spent 21 months before submitting its report.

However, the government said it had observed that the committee's activities had gone beyond its original mandate, resulting in multiple litigations across the country.

It added that the continued existence of the committee was no longer justified.

Consequently, President Tinubu approved the dissolution of the committee and directed that the Attorney General of the Federation should assume responsibility for coordinating all matters relating to its activities with effect from November 5, 2025.

The President also directed the erstwhile Secretary of the committee, B. S. Dutsin-Ma, to immediately cease acting on behalf of the dissolved committee and the Federal Government on all related matters.