The Adamawa State government has dissolved the Board and Management of the State Investment and Property Development Company Limited. Governor Rt. Hon Ahmadu Umaru Fintiri approved the dissolution and directed that Halilu Malabu, Executive Secretary of the Adamawa Investment Promotion and Development Agency, take over management of the company. Malabu will oversee operations until a new board is appointed. The decision took effect immediately, according to a statement from the state government. No reason was given for the dissolution. The State Investment and Property Development Company Limited remains operational under interim leadership. The company was established to drive economic growth through strategic investments in infrastructure and real estate. Malabu's appointment is temporary and covers both board and management functions. The state government did not indicate how long the interim arrangement would last. There has been no public reaction from members of the dissolved board or management. The company operates within Adamawa State with focus on property development and investment promotion. The governor retains authority to appoint a new board. The statement announcing the change was issued by the Office of the Head of Service.
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