Nigeria House Committee Orders IGP to Produce Alleged PFIPC Director-General

PFIPC Yusuf Gagdi Adeyemi Adeniyi N1.32 billion budget Nigeria House investigation

The House of Representatives ad‑hoc committee, chaired by Rep. Yusuf Gagdi, is probing the alleged existence of the Presidential Foreign Investment Promotion Council (PFIPC). Lawmakers allege the phantom agency secured office space in the Federal Secretariat and received a budget allocation of more than N1.32 billion in the 2026 Appropriation Act.

The committee gave Inspector‑General of Police Olatunji Disu a 48‑hour deadline to present the self‑claimed Director‑General, Adeyemi Adeniyi (also referred to as Adeyemi Matthew), before a Wednesday hearing. The Accountant‑General of the Federation, Shamseldeen Ogunjimi, is also scheduled to testify about a State House letter that was used to obtain an administrative budget code for the council. Budget Office Director‑General Tanimu Yakubu said the PFIPC’s origins trace back to the Presidential Economic Advisory Council (PEAC) created during former President Muhammadu Buhari’s administration in 2019.

Buhari’s media office (BMO) has denied that the former president created the PFIPC, reiterating that only the PEAC was established under his tenure. Police have arrested Adeyemi Adeniyi on charges of forging documents and alleged payments of N400 million to an intermediary for Chief of Staff Femi Gbajabiamila. The committee has also identified about 29 forged documents linked to the agency and faces pressure to summon the chief of staff for questioning.

Entities: Adeyemi Adeniyi · Adeyemi Adeyemi · Bola Tinubu · Didi Walson‑Jack · Olatunji Disu · Presidential Foreign Investment Promotion Council · Shamseldeen Ogunjimi · Tanimu Yakubu · Yusuf Gagdi

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[DISPUTED] PFIPC received an allocation of more than ₦1.32 billion in the 2026 Appropriation Act. (PFIPC allocation claim)
[● 5 SOURCES] Inspector‑General of Police Olatunji Disu was given a 48‑hour deadline to produce Adeyemi Adeyemi before the committee. (IGP deadline)
[DISPUTED] Accountant‑General Shamseldeen Ogunjimi was summoned to explain how PFIPC obtained a government budget code and related approvals. (Summons of Accountant‑General)
[DISPUTED] The Presidential Foreign Investment Promotion Council (PFIPC) does not legally exist. (Legal status of PFIPC)
[● 8 SOURCES] The committee is chaired by Yusuf Gagdi. (Committee chair)
[DISPUTED] PFIPC secured office accommodation within the Federal Secretariat Complex in Abuja. (Office accommodation)
[○ 1 SOURCE] President Bola Tinubu directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the PFIPC matter within 30 days. (Presidential directive)
[● 4 SOURCES] Adeyemi Adeyemi allegedly paid ₦400 million through an intermediary to Chief of Staff Femi Gbajabiamila. (Alleged payment)
[● 3 SOURCES] The House of Representatives ad hoc committee is investigating the Presidential Foreign Investment Promotion Council (PFIPC). (c04f5bdb-8c16-4622-a422-5d640032d7c2, 834ffa39-eecc-48e8-9aec-99fc1d4f6b8e, a72dfa34-4242-451d-b183-3aba90f16c4b)
[○ 1 SOURCE] Accountant‑General Shamseldeen Ogunjimi testified that a State House letter was used to obtain an administrative budget code for PFIPC.
[DISPUTED] Budget Office Director‑General Tanimu Yakubu said PFIPC originated from the Presidential Economic Advisory Council created during former President Muhammadu Buhari’s administration on 9 Oct 2019.
[● 2 SOURCES] The committee identified about 29 forged documents linked to PFIPC.