# Nigeria PFIPC scandal: ICPC and House Committee probe > Live situation record from CLSTR: https://clstr.news/situations/nigeria-pfipc-budget-controversy > Updated: 2026-09-02T14:20:34.000Z. Sources: 79. Developments: 25. Following President Bola Tinubu’s July 2026 directive, the ICPC confirmed that the Presidential Foreign Investment Promotion Council (PFIPC) was a fictitious entity. The investigation found that Adeniyi Adeyemi Mathew used a forged appointment letter to operate the council, which had appropriated the identity and offices of the former Presidential Economic Advisory Council. While no federal funds were disbursed to the PFIPC, the ICPC uncovered two other fake agencies—the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency—created with forged instruments to open bank accounts. On 5 August 2026, the ICPC indicted Adeyemi and recommended administrative sanctions for facilitating officials. Adeyemi remains in custody and has requested a public parliamentary interrogation. The African Democratic Congress (ADC) rejected the report on 7 August 2026, calling it ‘inadequate’ and ‘predictable damage control.’ On 23 August 2026, the investigation expanded to reveal another alleged fake agency: the National Brands Development and Made in Nigeria Special Project Office. Following a briefing by ICPC Chairman Musa Aliyu, President Tinubu ordered the arrest of the alleged promoter, George Buchi Nwabueze, and the suspension of three permanent secretaries. On 25 August 2026, the ICPC indicted the Budget Office of the Federation (BOF) for including the non-existent PFIPC in the 2026 federal budget. Findings revealed that Adeyemi used a non-existent individual, Akanbi Adewale, to sign fraudulent letters on State House letterhead. Despite this, the Office of the Accountant-General of the Federation granted the PFIPC self-accounting status and an administrative code, facilitating a ₦1.3 billion budget allocation. The ICPC cleared Chief of Staff Femi Gbajabiamila of any involvement. On 29 August 2026, the ICPC recommended the prosecution of Adeyemi and disciplinary action against 13 public officials. The commission called for further investigations into government agencies and financial institutions that may have assisted these unauthorized organizations in gaining official recognition. ## Claims - No Federal Government funds were approved or disbursed to the PFIPC. (disputed by 14 sources) - PFIPC received an allocation of more than ₦1.32 billion in the 2026 Appropriation Act. (disputed by 8 sources) - Adeniyi Adeyemi is in police custody under a bench warrant and has not been produced to the House committee, which plans a closed‑door interrogation. (disputed by 7 sources) - The ICPC uncovered two additional fictitious agencies: the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency. (corroborated by 14 sources) - Adeniyi Adeyemi was never appointed by the Federal Government and the appointment letter he presented was forged. (corroborated by 13 sources) - President Bola Tinubu directed the ICPC on 7 July 2026 to investigate the PFIPC within 30 days. (corroborated by 13 sources) - The ICPC recommended the prosecution of Adeniyi Adeyemi for forging documents and operating the fake PFIPC. (corroborated by 13 sources) - The Presidential Foreign Intervention Promotion Council (PFIPC) was never established by any law, executive order, or other valid government instrument. (corroborated by 12 sources) - Investigators traced 58 bank accounts and 12 additional fictitious agencies to Prince Adeniyi Adeyemi. (corroborated by 12 sources) - The PFIPC unlawfully appropriated the identity and offices of the former Presidential Economic Advisory Council (PEAC). (corroborated by 11 sources) ## Timeline ### 2026-09-02: Nigeria House Committee clears Gbajabiamila in PFIPC forgery probe A Nigerian House committee has cleared Chief of Staff Femi Gbajabiamila of involvement in the fake PFIPC agency, uncovering 58 bank accounts and 12 forged entities linked to Prince Adeniyi Adeyemi. 21 sources. https://clstr.news/cluster/nigerian-house-committee-clears-gbajabiamila-in-pfipc-probe ### 2026-08-29: ICPC recommends prosecution over fake government agency scandal The ICPC has recommended prosecuting Adeniyi Adeyemi and disciplining 13 officials over the creation of fake government agencies, including the PFIPC, used to facilitate forgery and fraud. 2 sources. https://clstr.news/cluster/icpc-recommends-prosecution-over-fake-government-agency-scandal ### 2026-08-25: ICPC exposes fake Presidential Council that infiltrated Nigerian budget Nigeria's ICPC has exposed a fake agency, the PFIPC, which used forged documents and complicit civil servants to secure ₦1.3 billion in the 2026 federal budget. 8 sources. https://clstr.news/cluster/icpc-indicts-budget-office-over-inclusion-of-fake-agency-in-2026-budget ### 2026-08-23: Nigeria President orders arrest over alleged fake federal agency President Tinubu has ordered the arrest of George Nwabueze and suspended three permanent secretaries following ICPC findings that a fake federal agency was operating within the OSGF. 22 sources. https://clstr.news/cluster/george-nwabueze-denies-icpc-allegations-of-running-fake-federal-agency ### 2026-08-07: ADC rejects ICPC report on PFIPC scandal, demands full probe The African Democratic Congress has rejected the ICPC's interim report on the PFIPC scandal, demanding a deeper probe into how a fake agency secured ₦1.3bn in the budget and access to government resources. 9 sources. https://clstr.news/cluster/adc-rejects-icpc-report-on-pfipc-scandal-demands-full-probe ### 2026-08-05: Nigeria's ICPC indicts Adeniyi Adeyemi for operating fake PFIPC agency Nigeria's ICPC found Adeniyi Adeyemi never appointed, PFIPC never legal, uncovered two extra fake agencies, and recommended his prosecution after a 30‑day probe ordered by President Tinubu. 30 sources. https://clstr.news/cluster/nigerias-house-committee-probes-alleged-fake-investment-agency-led-by-prince-adeniyi-adeyemi ### 2026-07-25: Nigeria House Committee Orders IGP to Produce Alleged PFIPC Director-General Nigeria’s House committee, led by Rep. Yusuf Gagdi, is investigating the alleged PFIPC agency, its N1.32 bn budget allocation, and has ordered IGP Disu to produce self‑claimed DG Adeyemi Adeniyi within 48 hours 18 sources. https://clstr.news/cluster/nigeria-house-committee-probes-fake-foreign-investment-council ### 2026-07-24: Nigeria's Budget Office Says No Funds Released to Disputed PFIPC Nigeria's Budget Office says the N1.3 bn budget for the disputed Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council was never released, citing unmet financial clearance,, 13 sources. https://clstr.news/cluster/nigerias-budget-office-says-n13bn-peacpfipc-funds-never-released ### 2026-07-21: Nigeria House Committee Issues Ultimatum to Agencies Over PFIPC Probe Nigeria’s House committee gave ministries a 48‑hour ultimatum to appear in its probe of the disputed PFIPC, warning that non‑compliance could bring constitutional sanctions. 8 sources. https://clstr.news/cluster/nigeria-house-committee-issues-ultimatum-to-agencies-over-pfipc-probe ### 2026-07-20: Nigeria's Prince Adeyemi Adeniyi says he lobbied for PFIPC's N1.3 bn inclusion in 2026 budget Prince Adeyemi Adeniyi says he lobbied officials to insert the non‑existent PFIPC into Nigeria’s 2026 budget, receiving ₦1.3 bn, and denies paying bribes or meeting the President’s chief of staff. 6 sources. https://clstr.news/cluster/nigerias-prince-adeyemi-adeniyi-says-he-lobbied-for-pfipcs-n13-bn-inclusion-in-2026-budget ### 2026-07-19: Nigeria probes alleged fake Presidential Foreign Investment Promotion Council Nigeria’s House panel probes the alleged fake Presidential Foreign Investment Promotion Council, which secured a N1.3 bn budget, dormant CBN accounts and no legal establishment; ICPC questioned Chief of Staff F 19 sources. https://clstr.news/cluster/nigeria-pfipc-scandal-exposes-illegal-council-formation ### 2026-07-19: Nigeria Data Protection Bill faces legal challenge from SERAP SERAP and RULAAC urge Nigeria’s National Assembly to drop the Data Protection (Amendment) Bill 2026, calling it a backdoor to control social media and threatening legal action; the bill would force local office 16 sources. https://clstr.news/cluster/nigeria-data-protection-bill-faces-legal-challenge-from-rights-group-serap ### 2026-07-18: Nigeria's ICPC recovers ₦941.9 million from ghost‑worker payroll fraud Nigeria’s Federal High Court ordered the forfeiture of about ₦941.9 million tied to ghost‑worker payroll fraud on the IPPIS system, following an ICPC investigation that uncovered 587 fake workers across many MD 18 sources. https://clstr.news/cluster/nigeria-secures-n941m-forfeiture-in-ippis-ghostworker-payroll-fraud ### 2026-07-17: Nigeria Senate President Akpabio Calls for Budget Transparency as Human Rights Group Opposes Social Media Bill SERAP urges withdrawal of Nigeria's Data Protection (Amendment) Bill, citing social‑media censorship risks, while Senate President Akpabio highlights absent budget transparency in the National Assembly. 2 sources. https://clstr.news/cluster/nigeria-senate-president-akpabio-calls-for-budget-transparency-as-human-rights-group-opposes-social- ### 2026-07-15: Nigeria Senate Rejects Probe into ₦1.3bn Fake Agency Allocation Nigeria's Senate has twice rejected a motion to probe the ₦1.3 billion allocation to a phantom agency in the 2026 budget, citing an ongoing court case and a presidential‑ordered ICPC inquiry. 2 sources. https://clstr.news/cluster/nigeria-senate-rejects-probe-into-13bn-fake-agency-allocation ### 2026-07-14: Nigeria Senate President Akpabio Opens 2026 Assembly Week, Urges Transparency Nigeria’s Senate President Akpabio opened the 2026 Assembly Open Week, urging transparency and public engagement, while the executive and SGF highlighted reforms, youth empowerment, and peace commitments. 14 sources. https://clstr.news/cluster/nigerias-chief-of-staff-gbajabiamila-urges-parliamentary-transparency-and-inclusion ### 2026-07-12: Nigeria's PFIPC Scam Exposes Deep Budget Oversight Failures A fake agency, PFIPC, secured N1.3 bn in Nigeria's 2026 budget through forged documents; its founder faces fraud charges, exposing budgeting, appointment and banking oversight failures and prompting Senate and 7 sources. https://clstr.news/cluster/nigeria-probes-fraudulent-n13-bn-pfipc-agency-scandal ### 2026-07-09: Nigeria's Chief of Staff Femi Gbajabiamila Urged to Resign Over PFIPC Scandal SDP chairman Sadiq Gombe urged Nigeria’s chief of staff Femi Gbajabiamila to resign over PFIPC allegations, calling for an independent probe and condemning his role on a state police committee. 4 sources. https://clstr.news/cluster/nigerias-chief-of-staff-femi-gbajabiamila-urged-to-resign-over-pfipc-scandal ### 2026-07-08: Nigeria Deputy Speaker Benjamin Kalu flags fake PFIPC scheme Nigeria’s Deputy Speaker Benjamin Kalu says the fake PFIPC used presidential letterhead and an official address to secure a N1.3 bn budget allocation, prompting a House motion for investigation. 7 sources. https://clstr.news/cluster/nigerias-deputy-speaker-benjamin-kalu-exposes-fake-pfipc-scheme ### 2026-07-06: Nigeria's DSS faces probe over fake agency scandal and illegal spyware use Nigeria’s President orders police, DSS and EFCC to probe the fake PFIPC scandal, while separate reports accuse the DSS of using spyware for illegal wiretaps and detentions, violating constitutional privacy. 2 sources. https://clstr.news/cluster/nigerias-dss-faces-probe-over-fake-agency-scandal-and-illegal-spyware-use ### 2026-07-06: Nigerian Senate Declines to Intervene in PFIPC Budget Controversy Nigeria's Senate says it cannot act on the PFIPC scandal – a disputed agency with a ₦1.3 bn budget line – without a petition, calling it an executive issue already before the courts. 7 sources. https://clstr.news/cluster/nigerias-disputed-pfipc-council-triggers-senate-denial-and-probe-demands ### 2026-07-03: Nigeria's Chief of Staff Femi Gbajabiamila cleared in PFIPC scandal Nigeria’s Chief of Staff Femi Gbajabiamila was cleared of allegations over a fake Presidential Foreign Intervention Promotion Council, with youth groups and a coalition of 350 CSOs backing him. 4 sources. https://clstr.news/cluster/nigerias-chief-of-staff-femi-gbajabiamila-cleared-in-pfipc-scandal ### 2026-07-03: Femi Gbajabiamila Faces Removal Pressure Over Alleged PFIPC Corruption Scandal Nigeria’s chief of staff, Femi Gbajabiamila, is defended by DIN against removal calls, while the NDC demands his sack over alleged PFIPC corruption, sparking a political controversy. 4 sources. https://clstr.news/cluster/femi-gbajabiamila-faces-removal-pressure-over-alleged-pfipc-corruption-scandal ### 2026-07-03: Nigeria’s PFIPC Fake Agency Scandal Fuels Parliamentary Probe Nigeria’s alleged PFIPC fake agency received N1.3 bn in the 2026 budget; a forged appointment letter and budget code sparked a Senate probe and calls for a judicial inquiry. 11 sources. https://clstr.news/cluster/nigeria-senate-confronts-customs-budget-plan-and-fake-agency-funding-scandal ### 2026-06-26: Nigeria chief of staff and prince dispute alleged PFIPC budget allocation Nigeria's chief of staff denies the existence of a PFIPC agency, while Prince Adeniyi Adeyemi claims it is listed in the 2026 budget and demands an independent probe. 2 sources. https://clstr.news/cluster/nigeria-chief-of-staff-and-prince-dispute-alleged-pfipc-budget-allocation --- Cite as: Nigeria PFIPC scandal: ICPC and House Committee probe. CLSTR, https://clstr.news/situations/nigeria-pfipc-budget-controversy