THE House of Representatives’ investigation into the operations of the controversial Presidential Foreign Investment Promotion Council (PFIPC) took a dramatic turn on Monday after the Accountant-General of the Federation, Shamseldeen Ogunjimi, revealed that a forged State House letter was used to obtain official government recognition for the purported agency.
News Point Nigeria reports that Ogunjimi made the disclosure while appearing before the House Ad Hoc Committee investigating the circumstances surrounding the establishment and operations of the council, explaining that the Office of the Accountant-General acted on what appeared to be an authentic correspondence from the Presidency requesting the creation of an administrative code for the PFIPC, only for subsequent investigations to establish that the letter did not originate from the State House.
The revelation marks the latest in a series of disclosures before the committee, which is probing how what has been described as a non-existent presidential agency allegedly secured office accommodation within the Federal Secretariat, sought budgetary allocations, recruited personnel and obtained official government recognition through documents investigators believe were forged.
Presenting his report before the lawmakers, Ogunjimi disclosed that the Office of the Accountant-General first came into contact with the purported council in November 2024.
According to him, “a letter dated November 7, 2024, bearing a State House reference number, requested the creation of an administrative code for the Presidential Economic Advisory Council to facilitate budgeting, accounting and financial reporting.”
He explained that, in line with established government procedures, the Office of the Accountant-General processed the request, created the administrative code and formally communicated its approval to the State House, with a copy also forwarded to the Office of the Auditor-General for the Federation.
Following the approval, Ogunjimi said his office subsequently received additional requests from the purported council, including applications for self-accounting status, deployment of personnel, opening of Treasury Single Account and domiciliary accounts, as well as requests for funding approvals.
He, however, stressed that although certain administrative processes were carried out, no public funds were ever released to the organisation.
“It is important to note that no funds were released under salaries, overhead, capital, or any form of intervention or special allocation to the council,” Ogunjimi told the committee.
The Accountant-General further disclosed that while the council requested an establishment grant of ₦27.4 billion, the application was rejected because there was no budgetary provision to accommodate such expenditure.
He also explained that although the Central Bank of Nigeria (CBN) opened two domiciliary accounts for the organisation to receive inflows, the accounts never became operational because the council failed to satisfy the regulatory conditions required for their activation.
Lawmakers expressed concern over how the purported agency successfully navigated several layers of government bureaucracy without raising suspicion.
Responding to the concerns, Ogunjimi made what members of the committee described as one of the most significant revelations of the hearing.
“The letter that was received by the Treasury was respectfully addressed as coming from the State House. That letter was never issued by the State House,” he said.
The disclosure prompted members of the committee to conclude that a “hijacked” State House letter had allegedly been used to mislead government institutions into processing official requests for an agency that had no legal existence.
The committee also questioned how civil servants originally posted to the Office of the Chief Economic Adviser to the President eventually became attached to the purported council without the knowledge of the Office of the Accountant-General.
In response, Ogunjimi explained that two officers deployed to the Office of the Chief Economic Adviser in 2010 and 2013 remained in the office after it was allegedly taken over by the new council, but no formal communication was ever sent to the Treasury notifying it of any change.
“It was never assumed or written to us that those two officers were being taken over. The staff also never reported to the office to say that another council had taken over the office and the name had changed. As far as I was concerned, we were dealing with a new agency, not the Office of the Chief Economic Adviser,” he said.
He further disclosed that when the purported council later requested the deployment of five additional officers, the Treasury approved only three after determining that the size of the organisation did not justify the number requested.
“It was when all this matter came to light that I got to know that two of our staff were actually working or being absorbed by the agency. We never knew. We believed, based on the records available to us, that those officers were still with the Office of the Chief Economic Adviser,” he added.
The ongoing House investigation centres on allegations that forged presidential approvals, counterfeit State House correspondence, fake Acts of the National Assembly and other falsified government documents were used to create and operate the purported Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council.
The committee has already received evidence from the Nigeria Police Force confirming that criminal charges bordering on conspiracy and fraud have been filed against the prime suspect, Adeyemi Adeniyi, before the Federal High Court.
At Monday’s sitting, the committee also directed the Inspector-General of Police to produce Adeyemi before lawmakers by noon on Wednesday to answer questions relating to the alleged forgery of official government documents and the operations of the purported presidential agency.
The House panel is expected to conclude its investigation with recommendations on possible administrative, legislative and criminal actions against any individuals found culpable.