PFIPC probe: Businessman alleges paying ₦400m to Adeyemi for contract facilitation

By Precious Mark

A businessman, Mr. Gbenga Collins, has told the House of Representatives ad-hoc committee that he allegedly paid ₦400 million to Adeniyi Adeyemi, the self-acclaimed Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), to secure and facilitate a government renovation contract.

Collins, who serves as the Managing Director of Divine Dopacy Nigeria Limited, made the disclosure on Tuesday, August 4, 2026, during an ongoing legislative probe into the operations of the unestablished Presidential Foreign Investment Promotion Council.

The panel is chaired by Hon. Yusuf Gagdi.
Narrating his experience, Collins said he first met Adeyemi in December 2024 during a festive event in his hometown before receiving an invitation to visit Abuja.

“I met him around December 2024 in my hometown during a program, and he invited me to come to his office in Abuja by January 2025,” Collins narrated.

The contractor explained that when he arrived in Abuja, an official vehicle picked him up from the airport and took him to the Federal Secretariat.

“When I got to his office in the Federal Secretariat, Abuja, I met a lot of dignitaries and security officers guarding him. He introduced himself to me as the DG of the Presidential Foreign Investment Promotion Council,” Collins noted.

According to the businessman, Adeyemi offered him a contract to refurbish and furnish an official residence assigned to the Director-General and even took him in a security convoy to inspect the property.

“Around April 2025, I came back. He gave me the contract award letter, the scope of work, and the agreement with my company to execute that refurbishment project. He asked me to pay ₦400 million for facilitation, to show my strength and to fast-track mobilization,” Collins revealed.

Collins also added that he raised the funds from business associates and paid the money in five separate batches, believing he was dealing with a genuine public officer because Adeyemi operated from a government office, used official security, and carried government paraphernalia.

“I did all this based on trust. When I went to his office, I met a lot of big dignitaries there, people waiting to see him and people he was discussing contracts with. I also did it because he is from my hometown,” he added.

When asked by the committee chairman, Hon. Yusuf Gagdi, if the payment was a bribe, Collins rejected the assertion, maintaining that it was presented to him as a strict prerequisite for contract facilitation and mobilization.

The Hon. Yusuf Gagdi-led panel is continuing its public hearings to uncover how the purported council operated within government facilities despite lacking legal authorization.