House Probe Exposes Fake Presidential Council, Orders Suspect Produced

The House of Representatives Ad Hoc Committee investigating the activities of the alleged Presidential Foreign Investment Promotion Council (PFIPC) has uncovered what it described as an elaborate fraud involving 29 forged official documents used to operate the non-existent agency.
Chairman of the committee, Rep. Yusuf Gagdi, disclosed this during the appearance of the Accountant-General of the Federation (AGF), Shamseldeen Ogunjimi, before the panel. He alleged that the self-acclaimed Director-General of the PFIPC, Adeniyi Adeyemi Mathew, forged letters bearing the signatures and letterheads of the State House, the Office of the Secretary to the Government of the Federation (OSGF), the Office of the Head of Service, the Federal Ministry of Finance, and the Office of the Chief of Staff to the President, Femi Gbajabiamila.
Gagdi stressed the need for the suspect to appear before the committee, saying the matter involved the integrity of individuals and key government institutions. According to the panel, the forged documents were allegedly used to secure office accommodation at the Federal Secretariat in Abuja, seek approval to recruit about 300 staff, attempt to include a $1.3 billion allocation for the fake agency in the 2026 Appropriation Bill, plan a World Investment Summit under the council’s name, and open Treasury Single Account (TSA) and domiciliary accounts to receive foreign inflows.
The committee was informed by the police that the Chief of Staff to the President had petitioned security agencies on October 17, 2025, over the activities of the alleged fake agency. An eight-count charge bordering on conspiracy and fraud has since been filed at the Federal High Court. Adeyemi was arrested in Osun State on July 15 following a bench warrant and remains in police custody. The Inspector-General of Police, Olatunji Disu, has been directed to produce him before the committee. Assistant Commissioner of Police Bashir Abdullahi also told lawmakers that signatures on documents purportedly issued from the Chief of Staff’s office did not match authentic records in police custody.
In his testimony, Accountant-General Ogunjimi said the Office of the Accountant-General acted in good faith based on official-looking correspondence. He explained that a State House letter dated November 7, 2024, led to the creation of administrative code 0111062001 for the council. He added that the PFIPC later requested self-accounting status in January 2025 and was granted a six-month provisional approval in March after an inspection. Ogunjimi further revealed that although the council sought a ₦27.3 billion take-off grant through a memo dated March 20, 2025, no funds were released because there was no budgetary provision. He told lawmakers that the office only discovered later that the documents used to process the requests had been forged.
The committee also summoned 13 civil servants from the OSGF, the Office of the Accountant-General of the Federation, and the Office of the Head of Service to explain their roles in the operations of the alleged fake council. Gagdi assured that the House investigation would continue independently and that its final report could recommend additional actions by relevant security agencies. The ongoing probe has raised fresh concerns over the extent to which forged government documents were allegedly used to impersonate official institutions and pursue fraudulent activities.