President Muhammadu Buhari has directed Vice-President Yemi Osinbajo to seek presidential approvals for agencies under his supervision.
The cable reported that under the provisions of agency act, the president is empowered to give final approval to carry out any responsibility under the agency which was not followed during the first term.
Currently, Osinbajo is the chairman of the governing boards of the National Emergency Management Agency (NEMA), the National Boundary Commission (NBC), the Border Communities Development Agency (BCDA), and the National Council on Privatisation (NCP).
He is also the chairman of the board of directors of the Niger Delta Power Holding Company (NDPHC), a limited liability company owned by the three tiers of government, and the National Economic Council (NEC), a constitutional body made up of state governors and key federal government officials.
However, with the new memo, the vice-president will be required to seek approvals for contract awards, annual reports, annual accounts, the power to borrow, and the power to make regulations, among other key functions.
