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BREAKING: President Tinubu Dissolves Boards Of Parastatals, Agencies, Institutions

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President Bola Tinubu on Monday approved the dissolution of boards of Federal Government parastatals, agencies, institutions and government-owned companies.

See full statement:

PRESS RELEASE
PRESIDENT BOLA AHMED TINUBU APPROVES DISSOLUTION OF BOARDS OF FEDERAL GOVERNMENT PARASTATALS, AGENCIES, INSTITUTIONS AND GOVERNMENT-OWNED COMPANIES

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.

-Signed-

Willie Bassey
Director, Information
For: Secretary to the Government of the Federation

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Nigeria Police Unveils New IGP Portrait

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The Nigeria Police Force has recently unveiled the official portrait of the new Inspector-General of Police (IGP), Olatunji Rilwan Disu (also referred to as Tunji Disu).

This follows his appointment as Acting IGP on February 24, 2026, after the resignation of the previous IGP, Kayode Egbetokun (who cited family reasons).

The Nigeria Police Council unanimously confirmed and endorsed Disu as the substantive IGP on March 2, 2026, during a meeting chaired by President Bola Tinubu. His formal swearing-in is scheduled for Wednesday, March 4, 2026.

The portrait was released on March 3, 2026, by the Force Public Relations Officer, Benjamin Hundeyin, via official channels (including X/Twitter and the Nigeria Police Force’s social media).

It depicts Disu in full police uniform and is set to be displayed at key police formations nationwide as part of the formal recognition of his leadership role as the 23rd indigenous IGP.

Disu, born April 13, 1966 (age 59), hails from Lagos Island and joined the Nigeria Police Force in 1992. He has a background in public administration, forensic investigation, criminology, security studies, and more.

Prior roles include heading the Special Protection Unit and Force CID Annex in Lagos, and he previously served as Aide-de-Camp to then-Lagos Governor Bola Tinubu (during which time Egbetokun was also in the governor’s security detail).

This marks a leadership transition amid ongoing security challenges in Nigeria, with congratulations and discussions already circulating on social media and news outlets.

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BRT Bursts into Flame on Mile-12 Bridge in Lagos

Passengers quickly evacuated the vehicle and moved to safety following the outbreak of the fire.

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Passengers narrowly escaped death on Tuesday when a moving Bus Rapid Transit (BRT) bus caught fire on the Mile-12 Bridge along Ikorodu Road, Lagos.

Eyewitnesses reported that the high-capacity bus burst into flames mid-morning while in transit.

Passengers quickly evacuated the vehicle and moved to safety following the outbreak of the fire.

The Lagos State Fire and Rescue Service, working alongside other emergency responders, promptly extinguished the blaze.

The burnt bus was later removed from the bridge to prevent disruption to traffic flow.

The burnt bus was later removed from the bridge to prevent disruption to traffic flow.

Fortunately, there were no casualties reported from the incident.

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President Tinubu nominates Oyedele as Minister of State for Finance

Before President Tinubu nominated him as a minister, Oyedele(from Ikaram, Akoko, Ondo State), was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

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Taiwo Oyedele and President Tinubu. Credit: State House Photo

President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Anite-Uzoka.

Anite-Uzoka will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration. President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.

Before President Tinubu nominated him as a minister, Oyedele(from Ikaram, Akoko, Ondo State), was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

Oyedele, 50, is an economist, accountant and public policy expert.

He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance.

He attended Oxford Brookes University and earned a BSc in applied accounting.

He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

Oyedele spent 22 years of his working career at PwC, joined in 2001 and rose to become the Fiscal Policy Partner and Africa Tax Leader.

Oyedele is also a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.

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