Tag: Presidential Foreign Investment Promotion Council

₦1.1bn Buhari-era funding, ₦1.3bn 2026 budget deepen mystery over ‘fictitious’ Presidential Council

Aminu Imam
Mystery over ‘fictitious’ Presidential Council

…As Falana backs Adeyemi Fresh revelations have intensified the controversy surrounding the Presidential Economic Advisory Council (PEAC), with official records showing that the body received about ₦1.117 billion under former President Muhammadu Buhari, while another ₦1.3 billion has been allocated to it in the 2026 federal budget despite the Tinubu administration describing it as a non-existent agency. The development comes amid an ongoing legal battle involving Prince Adeniyi Adeyemi, who claims to be the Director-General of the Presidential Foreign Intervention Promotion Council (PFIPC) and the Presidential Economic Advisory Council, and…

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PFIPC scandal: Atiku challenges Presidency, demands answers over ₦1.3bn budget allocation

Aminu Imam
Atiku challenges Presidency

The presidential candidate of the African Democratic Congress (ADC) and former Vice-President, Atiku Abubakar, has accused the administration of President Bola Ahmed Tinubu of treating corruption and fraud as a “family affair”. In a statement issued by his media office, Atiku alleged that despite meetings between Prince Adeniyi Adeyemi Matthew – described as the Director-General of the alleged Presidential Foreign Investment Promotion Council (PFIPC) – and top government officials, the Federal Government now claims ignorance of the agency’s existence. According to Atiku, the Tinubu administration would require “a forensic expert”…

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