Nizar resigns as chief of Privatization and Corporatization Board

Mohamed Nizar (C): He resigned from his post as President of Privatization and Corporatization Board (PCB) on August 20, 2019. (File Photo/Sun/Fayaz Moosa)

Mohamed Nizar has resigned from his post as President of the Privatization and Corporatization Board (PCB).

Nizar, who was appointed the head of PCB during former President Abdulla Yameen Abdul Gayoom’s administration, announced his resignation in a statement via his official Twitter account this Tuesday.

“I have removed my tie after 5 years 26 days at Privatization & Corporatization Board. This totals to 34 years of service to the Nation,” announced Nizar.

He, in his statement, thanked the government and other members of the PCB.

Nizar’s resignation comes amid mounting pressure by several parliamentarians and members of the general public to hire new members to the PCB.

PCB is a seven-member board established under the Privatization and Corporatization Act to monitor the work of State-owned enterprises.

Members to the PCB, as well as its President and Vice President are appointed by the Maldivian President with approval from the Parliament.