The House of Representatives ad hoc committee investigating the alleged fictitious Presidential Foreign Intervention Promotion Council (PFIPC) has uncovered 58 bank accounts and 12 entities allegedly linked to the organisation’s purported Director-General, Adeniyi Adeyemi.
The committee disclosed this in its preliminary report released on Wednesday, September 2, 2026, by its chairman, Yusuf Adamu Gagdi.
The ad hoc committee was established by the House following controversy over the inclusion of the PFIPC in the 2026 Appropriation Bill.
The preliminary findings, according to the committee, were based on oral testimonies, documentary evidence, financial records and submissions from several government agencies.
The committee said its investigation established that no valid Act of the National Assembly or presidential order created the PFIPC.
It further said evidence obtained from the State House indicated that the Presidency did not appoint Adeyemi as the council’s Director-General.
The panel also said it found no evidence that Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, signed Adeyemi’s purported appointment letter.
“The Committee therefore preliminarily finds that the purported appointment letter was fabricated and falsely attributed to the Presidency,” the report stated.
The lawmakers described the alleged fabrication as a serious matter that could undermine the integrity of the Presidency and the identity of the Federal Government.
“Such conduct, if established through the applicable criminal process, would constitute a grave assault on the integrity of the Office of the President and the official identity of the Federal Government,” the committee said.
It added that the alleged unlawful creation or use of a document purporting to show presidential or presidential-office approval of an appointment to head a non-existent federal institution could not be dismissed as a mere administrative irregularity.
The committee said the matter deserved “the most serious investigative and prosecutorial attention.”
12 Entities Linked To Adeyemi
The committee identified 12 agencies and organisations allegedly connected to Adeyemi and said approximately 58 bank accounts were linked to the entities.
They include the Confederation of United Nations Youths; FCT Investment Promotion Agency and Public-Private Partnership; FCT Investment Promotion Council and Public-Private Partnership; Foreign Investment Promotion Agency; United Nations Youth Global Agency; and United Nations Youth Global Foundation.
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Others are World United Nations Youth Global Foundation; World Entrepreneurship University Limited; World Enterprise University Limited; FCT Investment Promotion Act; FCT Promotion Agency; and Olubadan of Ibadan Foundation.
Panel Flags OAGF, Budget Office Lapses
The committee also alleged institutional lapses involving the Office of the Accountant-General of the Federation (OAGF) and the Budget Office of the Federation in their handling of documents relating to the PFIPC.
According to the report, the committee uncovered a letter dated November 7, 2024, purportedly originating from the State House and addressed to the OAGF, requesting the creation or issuance of an administrative code for the PFIPC.
The committee said the letter was allegedly signed by one Akambi Adewale, whom it said could not be found in State House records.
The OAGF, according to the committee, acknowledged that its response to the purported request should have been transmitted through a properly authenticated official channel rather than being handed directly to Adeyemi.
“The office (OAGF) further acknowledged that the response ought not to have been released to Prince Adeniyi Adeyemi or any other unauthorised person but should have been transmitted through a properly authenticated official channel,” the report stated.
The committee described the alleged release of the correspondence to a person connected with the purported request as a “serious administrative and security lapse.”
It said it was investigating whether the circumstances resulted from negligence, failure to follow verification procedures, breach of official correspondence protocols, wilful disregard of due process or deliberate facilitation.
However, the lawmakers stressed that no official would be condemned without being given a fair hearing.
“No officer will be condemned without fair hearing. Equally, no proven breach of public duty will be overlooked,” the committee said.
The Budget Office also made submissions concerning its interactions with the purported organisation.
The committee said preliminary evidence suggested that the office had been presented with documents purporting to establish the PFIPC as a federal institution.
It, however, maintained that verifying the legal existence of an institution was a fundamental requirement before such an organisation could be recognised within the Federal Budget Framework.
The preliminary report is expected to guide further investigations by the House committee into the circumstances surrounding the creation, funding and activities of the purported PFIPC.