Reps committee uncovers 58 accounts in ‘fake agency’ probe

By Chukwudi Obasi

The House of Representatives has uncovered 58 bank accounts allegedly linked to the disputed Director-General of the purported Presidential Foreign Intervention Promotion Council (PFIPC), Adeniyi Adeyemi, as lawmakers deepened investigations into an organisation found to have no known legal basis for its establishment.

The House Ad Hoc Committee probing the controversial inclusion of the PFIPC in the federal budget framework said preliminary financial information also linked Adeyemi to more than 12 agencies, companies, foundations and other entities.

The committee, however, said its findings did not amount to a conclusion that all the identified accounts, entities or transactions were unlawful.

Presenting the preliminary findings of the investigation, the committee chairman, Yusuf Gagdi, said the panel was still reconciling registration records, account mandates, beneficial ownership information and transaction histories to establish the true nature and control of the accounts.

“Preliminary financial information indicates that approximately 58 bank accounts were linked through the relevant identifying information, with more than 30 accounts apparently operated in the names of approximately nine agencies, companies, foundations or related entities,” the committee said.

“Some entities appeared to have multiple accounts, while additional accounts were operated in personal or variant names.”

The lawmakers said the probe also uncovered alleged institutional weaknesses that enabled the purported organisation to project itself as a government-backed body.

According to the committee, the gaps included failures in verifying the legal existence of agencies, authenticating official correspondence, allocating government accommodation, processing special number plates and protecting official identities.

The panel said its investigation found no valid Act of the National Assembly, Presidential Executive Order or other lawful instrument establishing the PFIPC.

It said no competent government institution produced authentic records showing that the organisation was created or approved by the President, Federal Executive Council, National Assembly, Office of the Secretary to the Government of the Federation or any other legally empowered authority.

The committee also declared as inauthentic documents presented as a Presidential Executive Order and an Act of the National Assembly purportedly establishing the organisation.

It said the purported Executive Order No. 5 of February 24, 2026, was neither issued nor approved through lawful presidential processes.

Similarly, it said the document presented as an Act of the National Assembly was never passed by both chambers, assented to by the President or gazetted as an Act of the Federation.

*Clears Gbajabiamila, says PFIPC never legally existed

The investigation also cleared the Chief of Staff to the President, Femi Gbajabiamila, of allegations linking him to the establishment or activities of the purported organisation.

The committee said documentary evidence before it showed that Gbajabiamila neither authorised nor approved the PFIPC, but instead took steps to alert security agencies and initiate investigations whenever concerns about the body were brought to his attention.

“The documentary evidence presently before the Committee does not establish that the Chief of Staff authorised, approved, established or participated in the activities of the purported organisation,” the panel said.

“On the contrary, the evidence demonstrates repeated steps to secure investigation, institutional verification and appropriate administrative action.”

The committee said a purported appointment letter naming Adeyemi as Director-General of the organisation and carrying the alleged authority and signature of Gbajabiamila was fabricated.

According to the panel, evidence obtained from the State House established that no such appointment was approved by the Presidency and that Gbajabiamila neither issued nor signed the letter.

It added that the letterhead, reference number, format and administrative features of the document were inconsistent with official State House correspondence.

*Investigates alleged N400m deal involving detained ‘DG’

The committee also disclosed that it was investigating a complaint by a company which alleged that Adeyemi induced it to make payments totalling about ₦400 million in four instalments over a promised contract.

The alleged payments, according to the panel, were connected to a contract involving the renovation and furnishing of a residence purportedly allocated to Adeyemi in his claimed capacity as Director-General of the PFIPC.

It said it was tracing the destination of the funds and identifying the account holders and beneficial owners involved, stressing that criminal liability could only be determined by a court of competent jurisdiction.

The committee said its final report would identify institutional and individual responsibilities and recommend appropriate legislative, administrative, disciplinary, civil, financial and prosecutorial actions.

It stressed that the findings remained preliminary and did not represent the final decision of the House of Representatives.