The Accountant-General of the Federation (AGF), Mr Shamseldeen Ogunjimi, is scheduled to appear today before a House of Representatives ad hoc panel probing the dubious establishment and operation of the Presidential Foreign Investment Promotion Council (PFIPC).
The investigation, now in its third week, centers on how an entity described by the Federal Government as completely non-existent managed to secure office space in the Federal Secretariat Complex in Abuja and obtain a ₦1.32 billion allocation in the 2026 Appropriation Act.
At today’s hearing, Ogunjimi will be pressed to detail the exact administrative mechanisms that allowed the unrecognised agency to receive an official budget code and feature within the national spending plan.
The probe gained further momentum following the arrest of Mr Adeyemi Adeniyi, who posed as the council’s Director-General. Police detained Adeniyi after he alleged paying ₦400 million through an intermediary to the Chief of Staff to the President, Mr Femi Gbajabiamila, to secure his appointment. Both the Chief of Staff and the Presidency have vehemently denied the claims, branding Adeniyi an impostor and dismissing his assertions as entirely false.
Several high-profile officials have already testified before the committee, chaired by Yusuf Gagdi, representing Plateau State’s Kanke/Kanam/Pankshin constituency. Submissions from the Head of the Civil Service of the Federation, Didi Walson-Jack; the Central Bank of Nigeria’s Director of Banking Services, Abdullahi Hamisu; and the Director-General of the Budget Office, Tanimu Yakubu, revealed serious administrative gaps that enabled the PFIPC to bypass bureaucratic checks and operate as a legitimate body.
Panel members will determine whether systemic negligence, administrative lapses, or deliberate official misconduct allowed the fake council to function inside government structures.
Further testimony is expected in the coming days from key cabinet members and security chiefs, including the Secretary to the Government of the Federation, George Akume; Inspector-General of Police, Olatunji Disu; Foreign Affairs Minister, Bianca Odumegwu-Ojukwu; Finance Minister, Taiwo Oyedele; and Attorney-General, Prince Lateef Fagbemi.
The committee reaffirmed its commitment to a transparent and non-partisan inquiry, insisting that any culpable parties will face prosecution as lawmakers seek to fix structural vulnerabilities and safeguard public resources.