Lawmakers have been investigating allegations surrounding the creation and funding of a purported government agency, the Presidential Foreign Investment Promotion Council (PFIPC). The Director-General of PFIPC, Adeniyi Adeyemi, claimed to have been lawfully appointed, but the Presidency insisted that no such agency exists. The Presidency has described Adeyemi as an impostor, alleging that he forged appointment documents and fraudulently opened a Central Bank of Nigeria account. Adeyemi, however, presented evidence that the PFIPC was included in the 2026 Appropriation Act and called for an independent panel to investigate the matter. The House will receive briefings from security and anti-corruption agencies to unravel the circumstances surrounding the agency.
The controversy began when Yusuf Gagdi, a Plateau State lawmaker, brought up the issue in a motion of urgent public importance. Gagdi expressed concern over reports that more than ₦1.3 billion was allocated to the unrecognised agency in the 2026 budget. Deputy Speaker Benjamin Kalu backed the probe, saying a thorough investigation was necessary to protect the integrity of public institutions. Kalu's office received correspondence from the organisation, which presented itself as a presidency-linked body operating from the Federal Secretariat. The House will also receive briefings from relevant security and anti-corruption agencies, while ensuring it does not interfere with any ongoing litigation.
President Bola Tinubu's Chief of Staff, Femi Gbajabiamila, has been embroiled in the controversy. Gbajabiamila allegedly received ₦400 million through a proxy and demanded an additional ₦200 million to facilitate his appointment as Director-General of the PFIPC. Gbajabiamila has threatened to sue Adeyemi for ₦10 billion over allegations of bribery and murder.
The PFIPC saga has raised concerns about transparency in government budgeting and procurement processes. The National Assembly has been under pressure to ensure that government agencies are properly constituted and that public funds are not misappropriated.
The House has mandated an ad hoc committee to interface with the Minister of Budget and Economic Planning and other relevant government officials to investigate the matter.
The controversy has sparked a heated debate on social media, with many calling for greater transparency and accountability in government.
The PFIPC saga is the latest in a series of controversies surrounding the implementation of the 2026 budget. The government has been accused of allocating funds to unrecognised agencies and engaging in other forms of financial impropriety.
The National Assembly has taken steps to address the issue, but many are calling for stronger measures to prevent such incidents in the future.
The PFIPC saga has highlighted the need for greater scrutiny of government spending and the importance of proper constitutional processes.
The National Assembly has the responsibility to ensure that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has sparked a heated debate on the role of the National Assembly in ensuring accountability and transparency in government.
The National Assembly has a critical role to play in ensuring that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has highlighted the need for greater transparency and accountability in government.
The controversy has sparked a heated debate on the need for greater scrutiny of government spending and the importance of proper constitutional processes.
The PFIPC saga has raised concerns about the credibility of the nation's budget process.
The controversy has highlighted the need for greater transparency and accountability in government.
The National Assembly has the responsibility to ensure that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has sparked a heated debate on the role of the National Assembly in ensuring accountability and transparency in government.
The National Assembly has taken steps to address the issue, but many are calling for stronger measures to prevent such incidents in the future.
The PFIPC saga has highlighted the importance of proper constitutional processes in government.
The National Assembly has a critical role to play in ensuring that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has raised concerns about the credibility of the nation's budget process.
The controversy has sparked a heated debate on the need for greater scrutiny of government spending and the importance of proper constitutional processes.
The PFIPC saga has highlighted the need for greater transparency and accountability in government.
The National Assembly has the responsibility to ensure that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has sparked a heated debate on the role of the National Assembly in ensuring accountability and transparency in government.
The National Assembly has taken steps to address the issue, but many are calling for stronger measures to prevent such incidents in the future.
The PFIPC saga has highlighted the importance of proper constitutional processes in government.
The National Assembly has a critical role to play in ensuring that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has raised concerns about the credibility of the nation's budget process.
The controversy has sparked a heated debate on the need for greater scrutiny of government spending and the importance of proper constitutional processes.
The PFIPC saga has highlighted the need for greater transparency and accountability in government.
The National Assembly has the responsibility to ensure that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has sparked a heated debate on the role of the National Assembly in ensuring accountability and transparency in government.
The National Assembly has taken steps to address the issue, but many are calling for stronger measures to prevent such incidents in the future.
The PFIPC saga has highlighted the importance of proper constitutional processes in government.
The National Assembly has a critical role to play in ensuring that public funds are properly administered and that government agencies are properly constituted.
The PFIPC saga has raised concerns about the credibility of the nation's budget process.