President Bola Tinubu on Thursday officially approved the immediate dissolution of the Presidential privatisation Committee on the Alienation of Federal Government Properties, a 25-year-old body established under former President Olusegun Obasanjo. President Bola Tinubu also transferred all the committee’s powers to Lateef Fagbemi. In a statement issued on Thursday, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said the dissolution will take effect on November 5, 2025. He added that the committee’s former Secretary, B. S. Dutsin-Ma, has been directed to immediately stop acting on behalf of both the committee and the Federal Government in all related matters. Read Also: Tinubu makes 25 new appointments, names Fayose REA board chairmanBackstory…Former President Olusegun Obasanjo established the Property Privatisation Committee (PIC) in 2000 to oversee the privatisation, sale, and leasing of Federal Government properties as part of his administration’s monetisation policy.