PFIPC probe: Reps uncover alleged N400m fraud, absolve Gbajabiamila of complicity

The House of Representatives Ad Hoc Committee investigating the controversial Presidential Foreign Intervention Promotion Council (PFIPC) has absolved the Chief of Staff to the President, Femi Gbajabiamila, of any involvement in establishing or operating the fraudulent agency.

The committee chaired by Rep. Yusuf Adamu Gagdi revealed in its preliminary findings that the PFIPC was never lawfully created by the Federal Government.

The committee noted that its findings revealed that the operators of the fake agency relied on forged, altered, and fabricated instruments to falsely claim presidential and legislative backing.

Among these documents was an appointment letter naming Prince Adeniyi Adeyemi as the council’s Director-General, which purportedly bore Gbajabiamila’s signature.

The committee noted that State House records confirmed that no such appointment was ever made, the letterhead and reference numbers were entirely counterfeit, and the formatting deviated significantly from authentic presidential correspondence.

Rather than sanctioning the scheme, it noted that records demonstrated that Gbajabiamila actively triggered security probes against it.

“Within twenty-four hours of receiving an alert from the Nigerian Investment Promotion Commission (NIPC) concerning fraudulent activities, the Chief of Staff petitioned the Nigeria Police Force, the Office of the National Security Adviser, the Department of State Services (DSS), and the Economic and Financial Crimes Commission (EFCC) to intervene,” the Committee Chairman said.

The committee also commended Gbajabiamila’s prompt administrative actions and confirmed that zero evidence links him to the scheme.

The investigation also uncovered a fraudulent Presidential Executive Order No. 5, dated February 24, 2026, alongside a heavily altered and mutilated document presented as an Act of the National Assembly.

Electronic analysis revealed that sections of legislation belonging to an entirely different institution had been altered to falsely manufacture statutory backing.

Additionally, a November 2024 letter bearing the fictitious name and title of a nonexistent State House official was submitted to the Office of the Accountant-General of the Federation to illegally secure an official administrative code.

The panel also flagged severe institutional lapses that enabled the enterprise to function within official spaces.

The Budget Office of the Federation and the Office of the Accountant-General are under scrutiny for recognizing the entity and improperly dispatching sensitive documentation directly to unauthorized persons without procedural verification. Furthermore, the organization illegally occupied office space within the Federal Secretariat Complex through unauthorized allocations previously assigned to the Secretary to the Government of the Federation, using the location to project legitimacy, recruit 39 staff members, and reportedly charge applicants illicit recruitment fees.

The investigations further linked Prince Adeniyi Adeyemi, who also used the alias Adeyemi Matthew, to approximately 58 bank accounts, over 30 of which were run under various corporate and charitable names.

The committee is also tracking a N400 million transaction paid to Adeyemi in four installments by a private firm that was deceitfully promised a renovation contract for Adeyemi’s alleged official quarters.

The company claimed it was induced to make the payments after being promised a contract involving the renovation, furnishing or improvement of a residence purportedly allocated to Adeyemi in his claimed official capacity.

The committee said it was tracing the payment destinations, account holders and beneficial owners while investigating the ownership and status of the property allegedly presented as the official residence.

It stressed that criminal guilt had not been established and that all persons affected remained entitled to fair hearing and due process.

Emphasizing that the falsification of sovereign instruments poses a grave threat to constitutional order, the committee warned that neither the Presidency nor the National Assembly can be impersonated with impunity.

The Lawmakers recommended that anti-graft agencies conclude their investigations, freeze illicitly obtained assets, and prosecute the perpetrators once the House finalizes its comprehensive report.