Presidential candidate of Nigeria's leading opposition All Progressive Congress, Mohammadu Buhari, meets with US Secretary of State at the US Consulate in Lagos January 25, 2015. US Secretary of State John Kerry said today that peaceful and timely elections were vital in Nigeria, where the country is battling a deadly insurgency by Boko Haram. AFP PHOTO / POOL / AKINTUNDE AKINLEYE

Presidential candidate of Nigeria's leading opposition All Progressive Congress, Mohammadu Buhari, meets with US Secretary of State at the US Consulate in Lagos January 25, 2015. US Secretary of State John Kerry said today that peaceful and timely elections were vital in Nigeria, where the country is battling a deadly insurgency by Boko Haram.   AFP PHOTO / POOL / AKINTUNDE AKINLEYE
Presidential candidate of Nigeria’s leading opposition All Progressive Congress, Mohammadu Buhari, meets with US Secretary of State at the US Consulate in Lagos January 25, 2015. US Secretary of State John Kerry said today that peaceful and timely elections were vital in Nigeria, where the country is battling a deadly insurgency by Boko Haram. AFP PHOTO / POOL / AKINTUNDE AKINLEYE

President Muhammadu Buhari has dissolved the governing boards of federal parastatals, agencies and institutions.
In a statement issued by Presidential spokesman, Mr. Femi Adesina, Buhari said the dissolution is with immediate effect.
Adesina said that the President would therefore supervise all board matters of the agencies pending the reconstitution of the boards.
According to him: “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 Presidency, however said the dissolution would not affect federal executive bodies captured by the constitution.
“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 concluded.


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