The House of Representatives ad hoc committee investigating the controversial Presidential Foreign Intervention Promotion Council (PFIPC) has uncovered 58 bank accounts and 12 agencies and entities allegedly linked to Adeniyi Adeyemi, who presented himself as the council’s director-general.
The committee disclosed this in its preliminary report released on Wednesday by its chairman, Yusuf Gagdi.
The investigation followed the controversy surrounding the inclusion of the PFIPC in the 2026 Appropriation Bill, despite the Presidency’s position that no such government agency exists.
The committee said its preliminary findings were based on oral testimonies, documentary evidence, financial records, and submissions from several government agencies.
According to the report, the panel found no valid Act of the National Assembly, presidential order, or other lawful instrument establishing the PFIPC.
It also said evidence obtained from the State House showed that Adeyemi was not appointed as director-general of the purported council by the Presidency.
The committee further said it found no evidence that Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, signed Adeyemi’s alleged appointment letter.
The findings are consistent with an earlier position by the State House. In June, Gbajabiamila publicly disowned Adeyemi’s alleged appointment, stating that the PFIPC did not exist under the Tinubu administration and that no such appointment had been made.
The controversy has since escalated into a criminal investigation. President Tinubu, in July, directed the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) to investigate the alleged fake agency, its documents, bank accounts, and the people who may have facilitated its operations.
The ICPC subsequently reported that Adeyemi was never appointed by the Federal Government and that the documents he allegedly used to establish the PFIPC’s legitimacy, including an appointment letter and gazette, were forged. The commission recommended his prosecution for forgery, impersonation, and related offenses.
The anti-corruption agency also said its investigation uncovered two other purported agencies linked to Adeyemi — the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public-Private Partnership — which investigators said were created using variants of allegedly forged legislative documents.
Adeyemi was arrested by the police in Osun State in July after the Federal High Court in Abuja issued a bench warrant following his failure to appear for arraignment on charges bordering on forgery and impersonation. The court subsequently fixed September 30 for his arraignment.
The House committee’s preliminary report adds another dimension to the controversy by linking 58 bank accounts and 12 agencies or entities to the embattled PFIPC chief’s activities.
Earlier in the House investigation, the Central Bank of Nigeria disclosed that two accounts had been opened for the disputed PFIPC at the direction of the Office of the Accountant-General of the Federation, although the accounts recorded no inflows or remittances.
The House committee also accused the Budget Office of the Federation of “institutional lapses” in connection with the purported agency’s appearance in the national budget.
The latest findings are preliminary, with investigations into the PFIPC controversy continuing.
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