The controversy surrounding the alleged Presidential Foreign Intervention Promotion Council (PFIPC) has escalated after Prince Adeniyi Adeyemi accused the Presidency of concealing the agency’s existence while the Federal Government insisted it is fictitious and confirmed criminal charges against him.
Speaking to journalists on Thursday, Adeyemi alleged that Chief of Staff to the President, Femi Gbajabiamila, made conflicting statements about the PFIPC and the Presidential Economic Advisory Council (PEAC), prompting his call for an independent investigation.
He further alleged that Gbajabiamila received ₦400 million through a proxy and demanded another ₦200 million to facilitate his appointment.
“The major rationale behind the disagreement between myself and the Chief of Staff is that he allegedly requested 48 per cent of the take-off grant (₦27,395,510,136) from the same agency, which he denies, which I rejected after he collected a total sum of ₦400 million by proxy, with a remaining balance of ₦200 million to secure the said appointment,” Adeyemi claimed.
Adeyemi also questioned the Presidency’s denial of the PFIPC, arguing that both the PFIPC and PEAC were listed on pages 50 and 51 of the 2026 Appropriation Act.
He appealed to President Bola Tinubu to establish an independent panel to investigate the disputed agencies, the budget references and other allegations surrounding the matter.
The Presidency, however, maintained that the PFIPC does not exist and referred to a June 11 disclaimer signed by Gbajabiamila warning the public against dealing with Adeyemi.
“The unsuspecting public is hereby advised to note that such an office does not exist under this administration and no appointment has been made in that regard,” the disclaimer stated.
Although the Presidency denied the agency’s existence, the 2026 Appropriation Bill’s “Summary by MDAs” reportedly lists “Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council” with a budget allocation of ₦1.303 billion.
Presidential spokesman Bayo Onanuga also described the PFIPC and PEAC as fictitious, alleging that Adeyemi falsely presented himself as their Director-General.
According to Onanuga, investigations began after complaints from the Nigerian Investment Promotion Commission, leading to a police probe and Adeyemi’s arrest in Abuja on October 27, 2025.
The Presidency said investigators concluded that Adeyemi forged appointment documents, impersonated a government official and attempted to obtain diplomatic support for visa applications using fake credentials.
It added that police recovered several documents, linked him to multiple bank accounts associated with the alleged agencies and filed an eight-count criminal charge against him and two others at the Federal High Court in Abuja on November 27, 2025.
Quoting the police investigation, Onanuga said, “The Police found that Adeyemi, using the fake documents he created, fraudulently opened a CBN account by misleading the Office of the Accountant-General of the Federation. According to the police, no government money has been transferred into the account.”
The Presidency urged Nigerians to disregard Adeyemi’s allegations for now and allow the court, where the case is scheduled for hearing on July 27, to determine the facts.