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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.

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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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‎‎JUST IN: Former Power Minister Mamman Convicted of N33.8bn Fraud‎‎

Justice James Omotosho held that the Economic and Financial Crimes Commission (EFCC) proved its case beyond reasonable doubt, finding Mamman guilty of illegally diverting public funds linked to the Mambilla and Zungeru Hydroelectric Power projects.

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[File photo] : former Minister of Power, Saleh Mamman

A Federal High Court in Abuja has convicted former Minister of Power, Saleh Mamman, on a 12‑count charge of fraud and money laundering involving about ₦33.8 billion. ‎‎

Mamman, who served in the administration of former President Muhammadu Buhari, was found complicit in the illegal diversion of public funds totalling about ₦33.8 billion.

The court found that he made a cash payment of $655,700 (equivalent to ₦200 million) for landed property in Abuja, without recourse to a financial institution.

Justice James Omotosho held that the Economic and Financial Crimes Commission (EFCC) proved its case beyond reasonable doubt, finding Mamman guilty of illegally diverting public funds linked to the Mambilla and Zungeru Hydroelectric Power projects.‎‎

The court also found that Mamman used the funds for personal gain, including paying $655,700 (about ₦200 million) in cash for landed property in Abuja—beyond the legal limit—and acquiring luxury assets in Nigeria and abroad. ‎‎

Justice Omotosho described the prosecution’s evidence as “overwhelming,” saying Mamman failed to offer any credible defence, while the EFCC presented 17 witnesses and 43 exhibits to support the case. ‎‎

The court noted that most of the funds were siphoned through Bureau de Change operators (BDCs), who converted the money into foreign currencies and handed it over to the defendant.

“The evidence of the prosecution is overwhelming as against the scanty and almost absent defence of the defendant.

“The defendant did not offer any credible evidence to rebut the prosecution’s case,” Justice Omotosho held.

Meanwhile, the judge has adjourned the matter to a later date for sentencing. ‎‎‎

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Kogi Commissioner confirms release of remaining abducted orphanage victims

The operation, carried out in the Agbaja Forest axis of Lokoja Local Government Area, resulted in the safe recovery of five boys, two girls, and two adult females.

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Kogi State Commissioner for Information and Communications, Kingsley Fanwo has confirmed the safe return of all those kidnapped from the Daarul-Kitab Islamic Orphanage in Lokoja.

Gunmen stormed the orphanage on April 26 and abducted 23 children, including the proprietor’s wife. Following intervention by security operatives, 15 victims were rescued on April 27.

In a statement Commissioner Fanwo said that the remaining nine victims regained freedom during a rescue operation conducted in the early hours of yesterday.

He described the development as a breakthrough against criminal elements operating within the state and a relief to affected families.

According to him, troops of the 12 Brigade of the Nigerian Army led the coordinated search-and-rescue mission with support from other security agencies.

The operation, carried out in the Agbaja Forest axis of Lokoja Local Government Area, resulted in the safe recovery of five boys, two girls, and two adult females.

Fanwo said the remaining nine victims regained freedom during a rescue operation conducted in the early hours of Wednesday.

He described the development as a breakthrough against criminal elements operating within the state and a relief to affected families.

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FCCPC, NAFDAC sign consumer protection MoU

The Memorandum of Understanding (MoU) was signed on Wednesday at the FCCPC headquarters in Abuja.

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The Federal Competition and Consumer Protection Commission (FCCPC) and the National Agency for Food and Drug Administration and Control (NAFDAC) have signed a partnership agreement aimed at improving consumer experiences and ensuring value for money.

The Memorandum of Understanding (MoU) was signed on Wednesday at the FCCPC headquarters in Abuja.

The Executive Vice-Chairman of FCCPC, Mr Tunji Bello, described the partnership as a deliberate step towards strengthening collaboration in the interest of Nigerian consumers, particularly in areas where product safety and consumer protection intersect and require coordinated action.

In her remarks, the Director-General of NAFDAC, Prof. Mojisola Adeyeye, described the MoU as a step in the right direction.

“We have had similar arrangements in the past, but this represents an improved version of the partnership,” she said.

She commended the FCCPC leadership for its commitment to protecting Nigerian consumers and reaffirmed NAFDAC’s dedication to fully implementing the provisions of the agreement.

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