PFIPC saga: ICPC submits interim report, uncovers 2 more fake agencies, collaborators

More revelations have continued to come to the open in the ongoing investigations into the controversial emergence of the Presidential Foreign Intervention Promotion Council (PFIPC), and the activities of its Director General, Adeniyi Matthew Adeyemi.

Speaking to State House Correspondents in Abuja Thursday, Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu, SAN, said the anti-graft body uncovered two additional fake agencies operated by Adeyemi.

They are the FCT Investment Promotion Agency (PIFA) and the Foreign Investment Promotion Agency (PIPA).

 “These agencies were created using forged legislative instruments and were used to open bank accounts for illegal activities,” he said.

 According to him, his committee’s findings revealed that Adeyemi was never appointed by the federal government and that the PFIPC was never established by law or executive order.

The interim report indicated that the appointment letter presented by Adeyemi was forged, while the PFIPC illegally appropriated offices and instruments from the former Presidential Economic Advisory Council (PEAC).

Continuing, the ICPC boss said, the fake agency, using the former PEAC office, engaged in false representation, widespread impersonation and various illegal activities that exploited weaknesses in verification and inter‑agency oversight.

Head of the fake agency, Aliyu further said, changed the name of the outfit from Foreign Investment Promotion Council to Foreign Intervention Promotion Council, and also attempted to expand its mandate to include revenue generation.

 “The investigation found no funds were approved or disbursed for the fake PFIPC/PEAC, and there were no weaknesses in the State House or CBN system,” he stated.

The committee’s recommendations, among others, include prosecution of  Adeyemi, and imposing administrative sanctions on public officers who collaborated with him in  the illegal operations, and institute reforms to improve internal controls.

The committee, though not specific, said public officers who collaborated with Adeyemi are from the Office of the Secretary to the Government of the Federation (SGF), the Head of the Civil Service of the Federation, the Accountant General’s Office, the Budget Office and the National Information Technology Development Agency (NITDA).

According to him, “The report is interim and the investigation continues to uncover more details to file criminal charges against Adeyemi and his collaborators.”

The committee has 30 days to look into the allegations and the hands as well as brains behind the agency.

‘…Police summon alerted us’

In a related development, the Permanent Secretary, State House, Abuja, Temitope Fashedemi, also told the Ad hoc Committee of the House of Representatives on the fake agency that his office was not aware of the existence of the PFIPC until he was invited by the Police.

Represented by the Director of Administration, State House, Abdulkadir Idris, at the resumed hearing Thursday, he said there is no department named Directorate of Administration of Support Services as used in correspondences related to the fake agency.

Similarly, Fashedemi also denied the existence of one Mr Akanbi Adewale, who signed some of the correspondences as a director in the State House.

“There is no department that is named Directorate of Administration of Support Services, it’s only Department of Administration. And this Akanbi Adewale has never, never been the Director of Administration of State House.

“So now, here with me, I have the copies that were presented to the Nigerian Police at the National Cybercrime Centre,” he said.

The permanent secretary also informed the Yusuf Gagdi-led committee that there were substantial differences in the purported State House letterhead papers used by the fake agency, from what his office has, presenting a sample to the panel.

…FRSC makes submissions

Also in his presentation, Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, stated that the Corps issued the fake agency seven federal government’s number plates.

He, however, admitted that the corps only checked to ensure the vehicles’ chassis numbers matched those presented in the request letter.

“This is the first of this kind of experience that we are having, and we are strengthening our internal mechanisms to prevent future occurrence,” he said.

The FRSC said it acted within the established administrative procedures based on the documents and representations made to the agency by the  applicants.

The FRSC, in a memorandum dated August 6, 2026, and signed by the CM, said it followed the standard verification process before approving the request, adding that Adeyemi personally submitted the request at the FRSC Headquarters.

He said the application originated from a letter dated April 4, 2025, and signed by  Adeyemi on behalf of the Office of the Director-General of the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council.

Mohammed also said a follow-up reminder dated April 11, 2025, was later received alongside documents purporting to establish the council, define its mandate and identify the vehicles requiring official registration.

On the due diligence followed, he said “officials examined the supporting documents, visited the government website supplied by the applicant—which carried a Federal Government domain name—and physically inspected the council’s office at the Federal Secretariat Complex, Phase III, Central Business District, Abuja.

“Having completed the foregoing verification processes and being satisfied with the information presented, the Corps approved and allocated seven Official Federal Government Vehicle Number Plates to the Agency.”

He listed the vehicles submitted for allocation of number plates to include; a 2024 bulletproof Lexus LX, two Toyota Land Cruiser sport utility vehicles and four Toyota Hilux vehicles, differently issued registration numbers ranging from PFIPC 01 to PFIPC 07 upon confirmation and verification of their chassis numbers.