The House of Representatives Ad-hoc Committee investigating the alleged operations of the Presidential Foreign Investment Promotion Council (PFIPC) says it will question the council’s purported Director-General, Prince Adeniyi Adeyemi, at an undisclosed location while he remains in police custody.
The committee said the decision was aimed at avoiding interference with ongoing investigations by the police, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The panel is probing allegations surrounding the establishment and activities of the PFIPC, including claims of impersonation, forgery, financial misconduct and the unlawful use of government offices, official insignia and public facilities.
It is also investigating how the alleged agency operated, its sources of funding, the identities of those behind it and whether any public officials or institutions aided its activities. The committee is expected to conclude its hearings this week before presenting its report to the House.
At Tuesday’s hearing, the committee summoned the Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, to appear on Thursday over Federal Government number plates allegedly used on vehicles linked to the purported agency.
The summons followed testimony by the Managing Director of Divine Dopacy Nigeria Limited, Gbenga Collins, who claimed he lost ₦400 million after being promised a contract to renovate and furnish what was presented as the official residence of the PFIPC Director-General.
Collins told lawmakers he believed the council was a legitimate government agency because Adeyemi operated from an office within the Federal Secretariat in Abuja, moved with security personnel and official vehicles bearing government registration numbers, and received prominent visitors.
The businessman said he first met Adeyemi in Ogbomoso, Oyo State, in December 2024 before being invited to Abuja in early 2025 to discuss a business opportunity.
According to him, an official vehicle picked him up from the airport and conveyed him to the Federal Secretariat, where Adeyemi introduced himself as Director-General of both the Presidential Economic Advisory Council and the PFIPC.
Collins said Adeyemi later showed him an official residence allegedly allocated to him and requested his company to handle its renovation and furnishing.
He added that he was subsequently issued what appeared to be a contract award letter, a scope of work and an agreement between the purported agency and his company.
According to Collins, Adeyemi requested ₦400 million as proof of his company’s financial capacity and to facilitate mobilisation for the contract.
He said he raised the money from business associates and transferred ₦380 million in four instalments into a Guaranty Trust Bank account belonging to World Entrepreneurs Limited between May and June 2025, while the remaining ₦20 million was paid into an Access Bank account belonging to Sunshine Confectionery and Catering Services in July 2025.
Collins said he was repeatedly assured that mobilisation for the project would begin in August 2025, but the promise was never fulfilled.
He added that after months of delays and failed assurances, he sought legal advice and was informed he had been defrauded.
His lawyer subsequently petitioned the EFCC in November 2025, after which he formally adopted the petition.
The businessman said the incident had crippled his business and forced him to begin selling personal assets to repay those who contributed money for the project.
Responding to questions from lawmakers, Collins denied that the ₦400 million constituted a bribe, insisting it was presented to him as a requirement for facilitating the contract.
He, however, admitted that he did not follow the formal procurement process required under the Public Procurement Act.
Committee Chairman Yusuf Gagdi explained that Adeyemi could not be brought before the public hearing because he remains in police custody under a valid court order.
He said the National Assembly would not violate judicial orders or interfere with ongoing criminal investigations.
Gagdi disclosed that the committee would instead meet Adeyemi privately at a yet-to-be-disclosed location and in the presence of his legal representatives and the police.
According to him, the session will be recorded to ensure transparency while protecting the integrity of investigations being conducted by law enforcement agencies.
“The important thing is that we interact with him and obtain the necessary clarifications. Whether he appears before the committee or the committee meets him where he is, we will ensure that happens,” Gagdi said.
- Anglican diocese raises insecurity concerns in Kwara, backs state police - August 5, 2026
- FG earmarks N2.47trn for 124 road projects in 2026 budget - August 5, 2026
- PFIPC probe: Reps to question fake DG in police custody - August 5, 2026
