'We will get to the root of the matter,' Rep. Yusuf Gagdi (APC-Plateau) said, as the committee prepares to interrogate senior officials.

The House of Representatives has invited top officials to shed light on the Presidential Foreign Investment Promotion Council's (PFIPC) dubious activities. The PFIPC, headed by Adeyemi Adeniyi, had been operating from the federal secretariat despite having no official approval. The council had also been granted accounts with the Central Bank of Nigeria (CBN), which was done without proper clearance.

A senior official, who spoke on condition of anonymity, revealed that the PFIPC approached the Office of the Head of the Civil Service (OHCSF) for approval of its organisational structure but was turned down for lack of proper documentation. The OHCSF maintained that it did not deploy any staff or approve any office space for the council.

The CBN Director of Banking, Hamisu Abdullahi, confirmed that PFIPC had two accounts with the bank, but these accounts were never operated. He explained that the PFIPC had given the Accountant-General's Office an undertaking to open the accounts, but no one showed up to sign for the accounts.

The ad hoc committee set up by the House of Representatives to investigate PFIPC's activities has summoned several top officials, including Secretary to the Government of the Federation, Sen. George Akume, and Minister of Finance, Mr Taiwo Oyedele. The committee has also invited the Director-General of Budget Office, Mr Tanimu Yakubu, and other officials.

Sen. George Akume is expected to appear before the committee along with other officials to explain PFIPC's activities. Rep Gagdi expressed confidence that the committee will uncover the truth behind PFIPC's dealings and bring those responsible to book.

The PFIPC's shady dealings have sparked widespread outrage, with many Nigerians calling for the officials involved to be held accountable. The House of Representatives has vowed to leave no stone unturned in its investigation and to ensure that justice is served.

The committee's findings are expected to be made public soon, and Nigerians are eagerly awaiting the outcome of the investigation.

Key Facts:

  • PFIPC was operating without official approval.
  • PFIPC had accounts with the CBN.
  • PFIPC's organisational structure was not approved by the OHCSF.
  • PFIPC never operated its CBN accounts.
  • Secretary to the Government of the Federation, Sen. George Akume, is expected to appear before the committee.
  • Minister of Finance, Mr Taiwo Oyedele, is also expected to appear before the committee.

PFIPC's History

PFIPC was established to promote foreign investment in Nigeria. However, its activities have been shrouded in controversy, with many questioning its legitimacy and the manner in which it operates.

The Investigation

The House of Representatives set up an ad hoc committee to investigate PFIPC's activities. The committee is expected to uncover the truth behind PFIPC's dealings and bring those responsible to book.

Accountability

Many Nigerians are calling for the officials involved in PFIPC's dealings to be held accountable. The House of Representatives has vowed to ensure that justice is served.

The PFIPC scandal has sparked widespread outrage in Nigeria. The House of Representatives has vowed to leave no stone unturned in its investigation and to ensure that justice is served. The outcome of the investigation is expected to be made public soon.