Nigeria’s House of Representatives has uncovered 58 bank accounts and 39 workers allegedly linked to Prince Adeniyi Adeyemi, the Director-General of the fake Presidential Foreign Intervention Promotion Council (PFIPC).
The Chairman of the House Ad-Hoc Committee investigating the activities of the PFIPC, Hon. Yusuf Gagdi, who made this disclosure on Wednesday, reported to the House that preliminary financial investigations showed that more than 30 of the accounts were operated in the names of about nine agencies, companies, foundations and related entities.
According to him, the accounts were linked to the fake agency through Bank Verification Numbers (BVNs) and other identifying information associated with the promoter, who also bears the name Adeyemi Matthew in some records.
The lawmaker, however, maintained that the discovery did not mean that every account, entity or transaction identified had been established as unlawful as the committee’s investigators were still reconciling registration records, account mandates, beneficial ownership details, signatories and transaction histories of the uncovered bank accounts.
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The committee reported its investigation had so far found no evidence that the PFIPC was established under an Act of the National Assembly, a gazetted enactment, presidential executive order or any other valid government instrument.
It would be recalled that following a resolution of the House on July 8, 2026, the House directed the committee to examine how the PFIPC had allocations provided for it in the federal budget 2026.
