House panel finds 58 bank accounts linked to alleged PFIPC DG Adeyemi as investigation continues
The House of Representatives ad hoc committee investigating the purported Presidential Foreign Intervention Promotion Council (PFIPC) has uncovered 58 bank accounts and 12 agencies/entities allegedly linked to its disputed Director-General Adeniyi Adeyemi. Chairman Yusuf Gagdi released the preliminary report on Wednesday, September 1, 2026, stating the investigation found no valid Act of the National Assembly or presidential order establishing the PFIPC. The committee also said evidence from the State House indicates the presidency did not appoint Adeyemi as Director-General, and there's no evidence that Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, signed the appointment letter purportedly issued to him. While emphasizing it hasn't concluded every identified account or transaction is unlawful, the panel is reconciling registration records, account mandates, beneficial ownership information, signatories and transaction histories to determine true nature and control. The investigation followed controversy over PFIPC's inclusion in the 2026 Appropriation Bill despite questions about its existence and legal status, with findings based on oral testimonies, documentary evidence, financial records and submissions from several government institutions.
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