The House of Representatives’ PFIPC corruption probe has uncovered 58 bank accounts and 12 agencies or entities allegedly linked to Adeniyi Adeyemi, the disputed Director-General of the purported Presidential Foreign Intervention Promotion Council. The findings have shifted attention from one controversial appointment to a wider question: how did an organisation that lawmakers say was never legally created operate within Nigeria’s government system?
House Panel Finds No Legal Basis for PFIPC
The House ad hoc committee said its preliminary investigation found no valid Act of the National Assembly or presidential order establishing the PFIPC. It also said the organisation operated under different names and that documents allegedly used to support its existence were forged.
That makes the 58 bank accounts particularly significant. According to the committee, more than 30 accounts appeared to have been operated in the names of about nine agencies, companies, foundations or related entities, while the wider investigation identified 12 organisations allegedly connected to the scheme.
The committee stressed that the discovery of the accounts does not automatically mean every account or transaction was illegal. Investigators are still checking ownership records, signatories, beneficial ownership information and transaction histories.
Gbajabiamila Cleared as Bigger Questions Emerge
One of the most politically important findings concerns Chief of Staff Femi Gbajabiamila. The panel said evidence from the State House showed that he did not authorise or establish the organisation and that the appointment letter allegedly bearing his authority did not originate from his office.
The bigger issue may now be institutional. The controversy has raised questions about how a purported government body could secure recognition, appear in the 2026 budget process and operate with official-looking documents without being properly established.
What Happens Next?
The preliminary report is not the final verdict. The panel is expected to continue examining the financial records and the institutions that interacted with the purported agency.
President Bola Tinubu had earlier directed the ICPC to investigate the PFIPC controversy, including how a fictitious body allegedly gained an appearance of official legitimacy.
The next stage could therefore focus less on Adeyemi alone and more on the government systems that allowed the alleged operation to continue. If confirmed, the findings could trigger demands for stronger checks on the creation, recognition and financial operations of government agencies.
