The House of Representatives Committee investigating the alleged operation of the Presidential Foreign Investment Promotion Council (PFIPC) has directed the Inspector-General of Police, Olatunji Disu, to produce the alleged mastermind, Adeniyi Matthew Adeyemi, before it by noon on Wednesday.
The directive followed testimony from the Nigeria Police Force confirming key aspects of its ongoing investigation into the alleged creation and operation of the controversial agency.
Chairman of the committee, Yusuf Gagdi, said Adeyemi’s appearance had become necessary because of the seriousness of the allegations and their implications for government institutions.
He directed the committee clerk to formally notify the Inspector-General of Police to produce the suspect before lawmakers.
During the hearing, an Assistant Commissioner of Police, Basir Abdullahi, representing the IGP, told the committee that the police had already filed an eight-count charge against Adeyemi before the Federal High Court.
According to him, the case stemmed from petitions submitted by the Office of the Chief of Staff to the President, alleging that Adeyemi falsely presented himself as the Director-General of the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council.
The police said investigations also revealed allegations that the suspect attempted to recruit about 300 staff, sought office accommodation within the Federal Secretariat, planned a World Investment Summit and allegedly tried to insert a proposed $1.3 billion allocation for the non-existent agency into the 2026 Appropriation Bill.
During the proceedings, police also confirmed that signatures on documents allegedly issued by the State House did not match authentic presidential correspondence, raising fresh concerns over widespread document forgery.
Gagdi disclosed that the committee had identified about 29 suspected forged documents, including purported approvals from the State House, the Office of the Secretary to the Government of the Federation, the Office of the Head of the Civil Service of the Federation, the Ministry of Finance and other government agencies.
Meanwhile, the Accountant-General of the Federation, Shamseldeen Ogunjimi, told lawmakers that his office unknowingly processed an administrative request for the purported council based on a forged letter that appeared to have originated from the State House.
He explained that his office received a letter dated November 7, 2024, requesting the creation of an administrative code for the council to facilitate budgeting, accounting and reporting.
Believing the correspondence to be genuine, the Office of the Accountant-General approved the request and communicated its decision to the State House while copying the Office of the Auditor-General.
Ogunjimi said the office later received additional requests from the purported council, including applications for self-accounting status, staff deployment, Treasury Single Account and domiciliary accounts, as well as funding approvals.
He, however, stressed that no government funds were ever released to the council.
According to him, although the organisation requested an establishment grant of ₦27.4 billion, the application was rejected because there was no budgetary provision to support it.
He also disclosed that while the Central Bank of Nigeria opened two domiciliary accounts for the council, they never became operational because regulatory requirements were not fulfilled.
The Accountant-General further revealed that investigations later established that the original letter requesting the administrative code had not been issued by the State House.
Lawmakers described the correspondence as a forged document allegedly used to mislead government institutions into processing requests for a non-existent agency.
Ogunjimi also explained that two treasury officials posted to the Office of the Chief Economic Adviser years earlier unknowingly remained attached to the purported council after it allegedly took over the office, as no formal notification of any structural change was communicated to his office.
The House committee said its investigation into the alleged use of forged presidential approvals and official government documents to establish the purported council is ongoing.
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