Adeyemi Reveals PFIPC's Inclusion in 2026 Fiscal Plan

Prince Adeniyi Matthew Adeyemi, the self-styled Director-General of the alleged Presidential Foreign Intervention Promotion Council, PFIPC, has shed light on how the agency was included in the Federal Government's 2026 budget despite his arrest before the appropriation process was concluded.

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Adeyemi made these claims in an interview with social media influencer Martins Vincent Otse, popularly known as VeryDarkMan, in a recording released shortly after his arrest, stating that he personally approached top Budget Office officials for the agency's inclusion.

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According to Adeyemi, he visited the Budget Office in December 2024 to seek inclusion of the agency in the 2025 Appropriation Bill but was informed that the budget process had already closed, and was later told that the proposed agency would be considered for the 2026 budget.

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Adeyemi alleged that a female official helped him gain access to the office of the Director-General of the Budget Office before he was referred to another director, who informed him that the proposal could no longer be accommodated in the 2025 budget but assured him that efforts would continue towards the 2026 appropriation.

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He admitted promising future favours to some officials but insisted no cash exchanged hands during his interactions at the Budget Office, saying he only promised officials some favours on execution of the deal.

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Adeyemi explained that the process ended immediately after his arrest because his legal troubles overtook every other plan, and he was surprised to later discover that the proposed agency had appeared in the budget.

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When asked about allegations that he paid N400 million to facilitate his appointment, Adeyemi claimed the money was delivered in United States dollars through his late associate, Dolapo Tanimola, and that he was not sure if it was delivered to Femi Gbajabiamila.

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Adeyemi denied ever meeting the President's Chief of Staff, Femi Gbajabiamila, despite alleging that money was sent through Tanimola, saying Dolapo Tanimola acted as the intermediary throughout the process and facilitated the alleged N400 million payment made in dollars.

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The House of Representatives Ad-hoc Committee investigating the PFIPC saga began a probe into the establishment, with the Office of the Head of the Civil Service of the Federation, OHCSF, and the Central Bank of Nigeria, CBN, testifying and distancing themselves from its creation and operation.

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The Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack, told the committee that her office had no constitutional responsibility to establish government agencies, and that the approval and establishment of agencies is not within the purview of the Office of the Head of the Civil Service of the Federation.

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According to her, the council requested approval of its organisational structure on August 6, 2025, but the request was rejected because it failed to provide the necessary documentation, and the OHCSF later discovered irregularities in the legal documents submitted by the council.

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A Director at the Central Bank of Nigeria, Hamisu Abdullahi, explained that the apex bank only opened accounts for government agencies upon receiving formal authorisation from the Office of the Accountant-General of the Federation, OAGF, and that the bank had no direct dealings with government agencies on account opening.

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Abdullahi disclosed that the CBN received a mandate dated July 29, 2025, from the OAGF and opened two domiciliary accounts for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council, but the accounts were never activated because the council failed to submit authorised signatories.

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Chairman of the Ad-hoc Committee, Abdulmalik Danga, directed the CBN to provide a comprehensive record of all financial transactions linked to both the Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council.

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Speaker of the House, Abbas Tajudeen, said the investigation is aimed at establishing the facts surrounding the council's existence and not to fuel public controversy or pursue political interests, and that the committee's assignment follows growing public interest and widespread debates over the council's legal status.

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Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, appeared before the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to answer questions about the Presidential Foreign Intervention Promotion Council, PFIPC, following its invitation after President Tinubu directed the ICPC to carry out a comprehensive investigation into the scandal surrounding the alleged commission.

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According to Jiti Ogunye, Principal Counsel of Jiti Ogunye Chambers and lawyer to the Chief of Staff, Gbajabiamila complied with the commission's invitation and appeared at about 15:00 hrs on Monday, July 20, 2026, as part of the ongoing investigation into the activities of the 'PFIPC' fake agency, among others.