Tag: PFIPC

PFIPC probe: H’Reps give defaulting MDAs 48hrs to produce documents, officials

Aminu Imam
H'Reps on PFIPC probe

The 10th House of Representatives has escalated its investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC), issuing a 48-hour ultimatum to ministries, departments and agencies (MDAs) that have yet to comply with its summons. The House Ad-hoc Committee investigating the alleged establishment, funding and operations of the council directed all defaulting agencies to appear before it today, Thursday with the relevant officials and documents requested during previous correspondence. The committee warned that failure to comply would trigger the use of the constitutional powers of the National Assembly to…

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CBN counters Acct-General, says it opened PFIPC a/c’s on OAGF’s directive

Aminu Imam
CBN BUILDING 1 e1757524361796

The Central Bank of Nigeria (CBN) has confirmed opening two domiciliary accounts linked to the controversial presidential foreign investment promotion council (PFIPC) on the directive of the Office of the Accountant-General of the Federation (OAGF). The apex bank, however, said the accounts, one denominated in United States dollars and the other in British pounds sterling, were never funded or operated. The Director of banking services, Abdullahi Hamisu, spoke on Monday while appearing before the House of Representatives ad hoc committee investigating the legal basis, operations, and budgetary inclusion of the…

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US lobbying firm offers asylum support to PFIPC’s Adeyemi

Aminu Imam
US lobbying firm on PFIPC’s Adeyemi

A United States-based lobbying firm, Von Batten-Montague-York, has said it is willing to assist Prince Adeniyi Adeyemi, the embattled Director-General of the controversial Presidential Foreign Intervention Promotion Council (PFIPC), in seeking asylum in the United States. The firm is simultaneously urging US authorities to launch an investigation into explosive allegations made by Adeyemi against senior Nigerian government officials regarding the misappropriation of public funds. Dr. Von Batten, the head of the firm, revealed over the weekend that his team is in direct contact with Adeyemi, who is reportedly in hiding…

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Tinubu directs ICPC  to investigate ‘fictitious’ PFIPC

Aminu Imam
Tinubu directs ICPC

President Bola Ahmed Tinubu has directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to conduct a thorough investigation into the activities of a “Presidential Foreign Intervention Promotion Council” (PFIPC) and all related matters. The President directed that the investigation be concluded and a comprehensive report submitted to him within 30 days. The directive follows the discovery of the fictitious PFIPC, which was never established by the Federal Government of Nigeria, and has no basis in any law, presidential instrument, Executive approval, or other lawful act of Government.…

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PFIPC: Babachir faults SGF, demands probe into Budget code, alleged ₦27.5bn release

Aminu Imam
Babachir faults SGF

Former Secretary to the Government of the Federation (SGF), Babachir Lawal, has raised fresh concerns over the controversial Presidential Foreign Intervention Promotion Council (PFIPC), questioning how the allegedly non-existent agency secured a Budget code, official recognition and a reported ₦27.5 billion take-off grant. Speaking during a television interview yesterday, Lawal said the Office of the SGF bears primary responsibility for identifying and stopping any agency that lacks legal backing, insisting that such an entity should never have progressed through government processes. He argued that any agency reporting through the Presidency…

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“PFIPC has no operational CBN account” – Acct.-General’s office 

Aminu Imam
Acct. Gen's office on PFIPC

The Office of the Accountant-General of the Federation (OAGF) has denied claims that the disputed Presidential Foreign Intervention Promotion Council (PFIPC) opened an operational account with the Central Bank of Nigeria (CBN), contradicting an earlier Presidency statement. Recall that Presidential spokesman Bayo Onanuga had said Prince Adeniyi Adeyemi, who allegedly posed as PFIPC Director-General, used forged documents to mislead the OAGF into opening a CBN account, though no public funds were paid into it. “The Police found that Adeyemi, using the fake documents he created, fraudulently opened a CBN account…

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Senate to probe ₦1.3bn ‘fake agency’ budget scandal

Aminu Imam
Senate to probe

The 10th Senate is set to deliberate today Tuesday, over the controversy surrounding the ₦1.3 billion allocation to the disputed Presidential Foreign Intervention Promotion Council (PFIPC) in the 2026 Appropriation Act, amid fresh revelations that a forged presidential appointment letter allegedly enabled the agency to operate within government circles for more than a year. The development comes as multiple Presidency and civil service sources disclosed that Prince Adeniyi Adeyemi Mathew allegedly used a falsified appointment letter bearing a forged signature of the President’s Chief of Staff, Femi Gbajabiamila, to obtain…

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PFIPC: SERAP demands probe, full disclosure over ₦1.3bn allocation 

Aminu Imam
SERAP demands PFIPC probe

The Socio-Economic Rights and Accountability Project (SERAP) has called on Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas to urgently disclose all documents relating to the approval of more than ₦1.3 billion allocated to the Presidential Foreign Intervention Promotion Council (PFIPC), a body the Presidency has described as non-existent. In a Freedom of Information request dated July 4, 2026, and signed by SERAP Deputy Director Kolawole Oluwadare, the organisation urged the National Assembly leadership to provide certified copies of records detailing how the sum of…

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PFIPC: “It’s impossible to deny internal collaborators”  – Tinubu’s aide

Aminu Imam
Tinubu’s aide on PFIPC

Senior Special Assistant to President Bola Tinubu on Information and Public Affairs, Temitope Ajayi has said it is impossible to deny internal collaborators in the fake agency scandal. There are currently allegations of corruption involving the Chief of Staff to the President and one Prince Mathew Adeniyi Adeyemi, Femi Gbajabiamila. Adeyemi purports to be the Director-General of the purported Presidential Foreign Intervention Promotion Council, (PFIPC). According to earlier reports, the scandal has raised critical concerns about the transparency, accountability, and integrity of the Tinubu administration. As per the allegations made…

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Afenifere demands probe into PFIPC saga

Aminu Imam
Afenifere demands probe

…Raises questions over Atiku camp’s response The Yoruba pan-Yoruba socio-political group, Afenifere has called for a thorough investigation into the controversy surrounding the purported Presidential Foreign Intervention Promotion Council (PFIPC), saying the affair raises questions that go beyond the actions of Prince Adeniyi Adeyemi. In a statement issued on Friday by its National Organising Secretary, Otunba Kole Omololu, the group said the sophistication with which the PFIPC allegedly operated warranted a comprehensive probe into whether other individuals may have assisted, encouraged or benefited from its activities. It noted that many…

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