BREAKING NEWS: Buhari Sacks Obi & Others

Nigeria President Muhammadu Buhari has approved the dissolution of the Federal Governing Boards of Federal Parastatals, Agencies and Institutions with effect from Thursday, July 16, 2015, a Presidency statement said.
“Until the boards are reconstituted, Chief Executive Officers of the affected parastatals, agencies and institutions are to refer all matters requiring the attention of their boards to the President, through the Permanent Secretaries of their supervising ministries.
The board of the Security Exchange Commission that was recently inaugurated, which had the former Governor Anambra State, Mr. Peter Obi as the Acting Board Chairman is affected by the president tsunami.  
“While the dissolution does not affect Federal Executive Bodies listed in the 1999 Constitution of the Federal Republic of Nigeria, it covers administrative or technical committees and other similar organs established by the now dissolved boards,” the statement by Mr. Femi Adesina, the Special Adviser to the President on Media & Publicity, said.


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