The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has uncovered two additional fake government agencies allegedly linked to Adeniyi Matthew Adeyemi as investigations into the controversial Presidential Foreign Intervention Promotion Council (PFIPC) continue.
ICPC Chairman, Dr Musa Adamu Aliyu, disclosed this on Thursday while briefing State House correspondents after presenting the commission’s interim report on the investigation to President Bola Tinubu at the Presidential Villa, Abuja.
Aliyu said the commission established that Adeyemi was never appointed by the Federal Government and that the PFIPC had no legal status, having neither been established by an Act of the National Assembly nor through an executive order.
According to him, investigators found that the appointment letter presented by Adeyemi was forged and that the fake agency unlawfully occupied offices and used official materials belonging to the defunct Presidential Economic Advisory Council (PEAC).
He said the syndicate allegedly exploited weaknesses in government verification processes to impersonate public officials and carry out fraudulent activities from the former PEAC office.
The ICPC chairman further revealed that investigators uncovered two other fictitious agencies—the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency—which were allegedly created using forged legislative documents.
According to him, the fake agencies were used to open bank accounts for unlawful transactions.
Aliyu also disclosed that Adeyemi later changed the name of the organisation from the Foreign Investment Promotion Council to the Foreign Intervention Promotion Council in a bid to expand its activities to include revenue generation.
He, however, clarified that the investigation found no evidence that public funds were approved or released to the fake council and said there was no breach in the systems of either the State House or the Central Bank of Nigeria.
The commission recommended Adeyemi’s prosecution, disciplinary action against public officials suspected of aiding the operation of the fake agency, and reforms to strengthen internal control mechanisms across government institutions.
Aliyu said officials from the Office of the Secretary to the Government of the Federation, the Office of the Head of the Civil Service of the Federation, the Office of the Accountant-General of the Federation, the Budget Office of the Federation and the National Information Technology Development Agency were identified as collaborators in the alleged scheme.
He noted that the report submitted to the President was interim, adding that investigations were ongoing to uncover additional evidence and identify other suspects before criminal charges are filed.
The ICPC began investigating the PFIPC after allegations emerged that the organisation had presented itself as a federal agency despite having no legal basis for its existence. Earlier findings had also indicated that Adeyemi allegedly relied on forged appointment documents while operating from facilities belonging to the defunct Presidential Economic Advisory Council.
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