The House of Representatives has invited the Secretary to the Government of the Federation (SGF), George Akume, to explain how the Presidential Foreign Investment Promotion Council (PFIPC) acquired office space at the federal secretariat.
An ad hoc committee of the House, christened ‘Ad hoc Committee to Investigate the Circumstances Surrounding the Existence and Operations of PFIPC and its Inclusion in the Budget Framework, made the resolution at a public hearing in Abuja on Monday, July 20, 2026.
The committee also invited the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele; the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN); the Accountant-General of the Federation, Dr Shamseldeen Ogunjimi; and the Director-General of Budget Office, Tanimu Yakubu; among other officials.
According to the committee, the invited officials are to appear on Tuesday, July 21, and explain the circumstances surrounding the controversial council.
The PFIPC, headed by Adeyemi Adeniyi, was said to be operating from the federal secretariat, had accounts with the Central Bank of Nigeria (CBN), and was captured in the 2026 national budget without due process.
The committee’s resolution followed submissions made by the CBN and the Office of the Head of the Civil Service (OHCSF).
In her submission, the Head of Civil Service of the Federation, Didi Walson-Jack, told the panel that the office space occupied by PFIPC was allocated to OHCSF.
Walson-Jack said the PFIPC approached her office to approve its organisational structure but it was not granted for lack of proper documentations.
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She stated that OHCSF did not deploy any staff neither did it approve any office space for the council.
Also speaking, the CBN Director of Banking, Hamisu Abdullahi, acknowledged that PFIFC had two accounts with the apex bank.
Abdullahi explained that on July 30, 2025, the Office of the Accountant General of the Federation wrote to CBN, giving the bank clearance to open the accounts.
According to him, it is the standard practice that any agency seeking to open an account, change signatories or close an account must be cleared by the accountant-general’s office before the bank would proceed.
Abdullahi, however, said that though the accounts were opened, no one came forward to be captured as signatories and that the account was never operated.
Responding, the chairman of the committee, Yusuf Gagdi (APC-Plateau), said the committee would get to the root of the matter.
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