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    Home - ‘I Didn’t Create PFIPC Alone’, Fake Agency DG Points Finger At SGF Office, CBN, Others

    ‘I Didn’t Create PFIPC Alone’, Fake Agency DG Points Finger At SGF Office, CBN, Others

    By Sadiq AbdullateefAugust 3, 2026
    Adeyemi arrested

    THE self-acclaimed Director-General of the controversial Presidential Foreign Investment Promotion Council (PFIPC), Adeniyi Adeyemi, has pushed back against allegations that he single-handedly created the disputed agency, alleging that several ministries, departments and agencies (MDAs) of the Federal Government processed, recognised or interacted with the council.

    NEW UBA

    News Point Nigeria reports that Adeyemi, who is currently in police custody, made the claims in a statement issued on Sunday through his legal defence team and signed by Festus Akhigbe, while also demanding an opportunity to appear before the House of Representatives ad hoc committee investigating the council.

    NNAMDI

    The legal team argued that their client should be allowed to testify before the committee chaired by Yusuf Gagdi, warning that any report produced without hearing directly from him would amount to a violation of his constitutional right to a fair hearing.

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    “We formally request that the panel issue the necessary administrative clearance to allow our client, Prince Adeniyi Adeyemi Matthew, to appear in person and testify.

    “Any investigative outcome or final legislative report produced without affording our client a direct hearing would be fundamentally flawed, incomplete, and a breach of the constitutional right to a fair hearing (audi alteram partem),” the statement read.

    Adeyemi’s lawyers also rejected what they described as attempts to portray their client as “an isolated, mastermind impostor” who single-handedly fabricated a government agency without any form of institutional backing.

    According to the statement, the Office of the Secretary to the Government of the Federation (OSGF) acknowledged documents relating to the council and facilitated the allocation of office space for it within the Federal Secretariat.

    “We, the legal defence team of Prince Adeniyi Adeyemi, issue this public statement to set the record straight following recent developments, our client’s current police detention, and the ongoing legislative hearings.

    “The Office of the Accountant-General of the Federation and the Central Bank of Nigeria acted on official documentation to issue administrative budget codes, grant self-accounting status, post federal civil service staff to the council, and officially open operational accounts.

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    “The Office of the Head of the Civil Service of the Federation formally approved the establishment structure and granted recruitment waivers that enabled the onboarding of 314 personnel,” the lawyers stated.

    The defence team further alleged that heads of security agencies attended programmes organised by the council, while the Economic and Financial Crimes Commission (EFCC) allocated a property to the organisation, requested a processing fee and presented a plaque of recognition to its leadership.

    The statement continued: “If the SGF, the Accountant-General, the Central Bank of Nigeria, the Head of Service, the Budget Office, the EFCC, the National Assembly, and the heads of Nigeria’s primary security architecture all verified, processed, funded, and officially interacted with this agency over an extended period, how can a single citizen, Prince Adeniyi Adeyemi, be held uniquely responsible for failing to detect what the entire apparatus of the State validated?

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    “It is an administrative impossibility for an unassisted individual to mislead every arm of the Federal Government simultaneously without official, high-level institutional sanction.”

    The defence maintained that Adeyemi was being made “a scapegoat to cover up deep-seated institutional lapses, procedural breakdowns and internal approvals within the government structure.”

    It also called for a broader investigation involving civil society organisations, legal experts and independent observers to examine what it described as the complete paper trail across all ministries, departments and agencies connected with the council.

    “While we note the ongoing proceedings by the House of Representatives ad hoc committee and investigating bodies, justice cannot be served by prosecuting the mouthpiece while ignoring the state machinery that built, budgeted, and bureaucratically birthed the entity.

    “We reiterate our call for a truly comprehensive, multi-stakeholder panel that includes civil society, legal experts, and independent observers to audit the complete paper trail across all involved ministries, departments, and agencies,” the statement added.

    News Point Nigeria recalls that several heads of government agencies have already appeared before the House of Representatives ad hoc committee investigating the controversial council.

    Among them was the Head of the Civil Service of the Federation, Didi Walson-Jack, who admitted before the committee that her office failed to carry out adequate due diligence before approving recruitment requests linked to the Presidential Foreign Investment Promotion Council.

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