Daud Olatunji
The House of Representatives has uncovered 58 bank accounts and 39 workers allegedly linked to Prince Adeniyi Adeyemi, who presented himself as the Director-General of the purported Presidential Foreign Intervention Promotion Council.
The development was contained in the preliminary findings of the House ad hoc committee investigating the circumstances surrounding the inclusion of the Presidential Foreign Intervention Promotion Council in the Federal Budget Framework.
The committee, chaired by Yusuf Gagdi, disclosed the findings during its sitting on Wednesday, saying more than 30 of the accounts appeared to have been operated in the names of about nine agencies, companies, foundations or related entities.
According to the lawmakers, the accounts were linked to Adeyemi through his Bank Verification Number and other identifying information.
The committee, however, cautioned that the discovery of the accounts did not automatically establish that every account, entity or transaction was illegal.
It said investigators were still reconciling registration documents, account mandates, beneficial ownership records, signatories and transaction histories.
The House probe followed a resolution passed on July 8, 2026, directing the committee to investigate the circumstances surrounding the appearance of the PFIPC in the Federal Budget Framework.
The committee said its preliminary investigation suggested that the purported organisation was not established by any law or valid government instrument, despite representations that it was a federal institution.
It also identified more than 12 entities allegedly connected directly or indirectly to Adeyemi.
They include the Confederation of United Nations Youths, FCT Investment Promotion Agency and Public-Private Partnership, FCT Investment Promotion Council and Public-Private Partnership, Foreign Investment Promotion Agency, United Nations Youth Global Agency, United Nations Youth Global Foundation, World United Nations Youth Global Foundation, World Entrepreneurship University Limited, World Enterprise University Limited, FCT Investment Promotion Act, FCT Promotion Agency and Olubadan of Ibadan Foundation.
The lawmakers said similarities in the names, objectives, management structures, signatories and banking relationships of the entities had raised concerns over whether several organisations were created or deployed to project government, international, investment, educational, charitable or United Nations-related identities.
The committee said it was investigating whether the entities were allegedly used to create artificial credibility, solicit funds, attract investments, obtain government recognition or facilities, or induce members of the public to part with money.
The committee also disclosed that about 39 people had been presented as employees of the purported organisation across junior, intermediate and senior cadres.
It said it was examining how the workers were recruited, the appointment letters and identity cards issued to them, salaries and allowances allegedly paid, as well as claims that some applicants were asked to pay money as a condition for securing employment.
The lawmakers said the investigation would distinguish between individuals who were allegedly deceived into believing that the organisation was genuine and those who may have knowingly participated in or benefited from its activities.
N400m Contract Claim
The committee further disclosed that a company had alleged that Adeyemi induced it to pay about N400m in four instalments after allegedly representing that it would receive a contract for the renovation, furnishing or improvement of a residence purportedly allocated to him as Director-General.
The company reportedly told the committee that its representatives were taken to a property in Abuja and informed that it was the purported official residence.
The committee said it was tracing the payments, identifying the account holders and beneficial owners, and verifying the ownership and status of the property.
It said that if the allegations were established through proper investigation and judicial proceedings, they could amount to offences including fraudulent misrepresentation, obtaining money by false pretence, impersonation, conspiracy and forgery
The committee said it also found no valid Act of the National Assembly, gazetted enactment, Presidential Executive Order, administrative instrument or other lawful authority establishing the PFIPC.
It said no competent Federal Government authority had produced an authentic record showing that the organisation was created, approved or authorised.
The lawmakers further alleged that several documents used to portray the organisation as a government institution contained evidence of fabrication, forgery, mutilation and impersonation.
Among the documents examined was a purported presidential appointment letter appointing Adeyemi as Director-General and allegedly signed by the Chief of Staff to the President, Femi Gbajabiamila.
The State House, according to the committee, confirmed that no such appointment was made or approved by the Presidency and that Gbajabiamila neither issued nor signed the letter.
The committee also said the purported letterhead was not an authentic State House letterhead, while its reference number, format, language and other administrative features were inconsistent with official correspondence.
Similarly, a purported approval for the establishment of an organisation described as the Presidential Economic Advisory Council was found not to have originated from the Presidency, State House or any competent Federal Government authority, the committee said.
‘Fake’ Executive Order, National Assembly Act
The lawmakers also examined a document described as Presidential Executive Order No. 5, dated February 24, 2026.
According to the committee, available evidence indicated that the document was not an authentic Executive Order and was neither issued nor approved through lawful presidential procedures.
Another document presented as an Act of the National Assembly establishing the purported organisation was also found not to have been enacted by Parliament, passed by both chambers, assented to by the President or gazetted, the committee said.
It further alleged that portions of a document relating to another institution appeared to have been electronically altered, mutilated or substituted to create the impression that the National Assembly had enacted legislation establishing the organisation.
Alleged Fake State House Official
The investigation also uncovered a letter dated November 7, 2024, purportedly written by the State House to the Office of the Accountant-General of the Federation requesting an administrative code for the PFIPC.
The letter allegedly bore the name of one Akambi Adewale, described as a director in a purported State House directorate.
The State House, however, reportedly told the committee that the office and directorate did not exist in the manner represented and that no officer known as Akambi Adewale served in the stated capacity.
The committee said its investigation was ongoing and that further findings would depend on the reconciliation of financial records, corporate registrations, official documents and other evidence.
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