₦1.32bn budget probe: Reps order IGP to produce alleged PFIPC DG within 48hrs

Business Pointers

By Seun Ibiyemi

The House of Representatives Committee investigating the controversial Presidential Foreign Investment Promotion Council (PFIPC) has directed the Inspector-General of Police (IGP), Olatunji Disu, to produce the self-acclaimed Director-General of the organisation, Adeyemi Adeniyi, within 48 hours as lawmakers deepen their probe into the alleged activities of the agency.

The directive was issued on Monday during the committee’s resumed investigative hearing at the National Assembly in Abuja.

Representing the IGP, Assistant Commissioner of Police (ACP) Bashir Abdullahi appeared before the committee and was instructed to ensure Adeniyi’s appearance before the panel by noon on Wednesday to assist with the ongoing investigation.

The House is investigating how the PFIPC, which lawmakers insist was never legally established, allegedly secured office accommodation at the Phase III Federal Secretariat in Abuja and obtained a ₦1.32 billion allocation in the 2026 Appropriation Act.

Committee Chairman, Yusuf Gagdi, said Adeniyi’s appearance had become imperative because of the seriousness of the allegations and the number of institutions implicated in the matter.

“This committee clearly needs the suspected DG to appear before this committee. People’s names are involved. People’s integrity is involved. Institutional names are involved. Institutional integrity is involved,” Gagdi said.

“It is not an option now. We will need him here to confirm some documents to us in such a way that will not undermine our investigation to enable us to submit our report on time.”

The committee subsequently directed its clerk to formally communicate its resolution to the Inspector-General of Police.

Earlier, ACP Abdullahi informed lawmakers that the police had already filed an eight-count criminal charge against Adeniyi before the Federal High Court following investigations initiated last year.

He disclosed that although the suspect had been arrested and arraigned, the police could not divulge details capable of prejudicing the ongoing criminal proceedings.

According to the police, the investigation commenced after petitions from the Office of the Chief of Staff to the President alleged that Adeniyi falsely presented himself as Director-General of both the Presidential Economic Advisory Council (PEAC) and the Presidential Foreign Investment Promotion Council (PFIPC).

The police also alleged that Adeniyi used the purported office to obtain accommodation within the Federal Secretariat, sought approval to recruit about 300 personnel, attempted to secure a $1.3 billion allocation for the non-existent agency in the 2026 budget, and planned to organise a World Investment Summit under the council’s name.

During the hearing, lawmakers compared signatures on documents allegedly issued from the Office of the Chief of Staff to the President with authentic official correspondence obtained during the investigation.

READ ALSO:Police arrest self-styled PFIPC DG over alleged forgery, impersonation

When asked whether the signatures matched, ACP Abdullahi replied, “They are not the same.”

Lawmakers said the development reinforced suspicions that official State House documents had been forged.

Gagdi further disclosed that investigators had identified about 29 allegedly forged documents, including purported approvals from the State House, the Office of the Head of the Civil Service of the Federation, the Office of the Secretary to the Government of the Federation, the Ministry of Finance and several other government institutions.

He added that representatives of many of the affected agencies had already appeared before the committee and disowned the documents attributed to their offices.

The committee chairman stressed that the House was conducting an independent investigation without interfering with the ongoing police case and would forward its findings and recommendations to the appropriate authorities upon conclusion of its probe

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