The House of Representatives has uncovered what it describes as an extensive network of bank accounts, affiliated organisations and personnel allegedly linked to a man accused of posing as the Director-General of the Presidential Foreign Intervention Promotion Council (PFIPC), an organisation lawmakers say has no legal backing.
The revelation emerged on Wednesday during a sitting of the House ad hoc committee investigating the controversial council and the circumstances surrounding its inclusion in the Federal Budget Framework.
Chairman of the committee, Rep. Yusuf Gagdi, disclosed that investigators had traced 58 bank accounts and identified 39 individuals presented as employees of the purported organisation.
According to the committee, preliminary financial records indicate that more than 30 of the accounts were allegedly operated under the names of various agencies, foundations, companies and related entities connected to Prince Adeniyi Adeyemi, who was publicly presented as the Director-General of the PFIPC and also appeared in some records as Adeyemi Matthew.
However, the lawmakers stressed that investigations were still ongoing and cautioned against drawing premature conclusions, noting that not every account, entity or transaction identified had been proven unlawful.
The committee explained that it is currently reviewing account mandates, registration documents, beneficial ownership records, signatories and transaction histories to determine the extent of any wrongdoing.
The findings are part of a broader investigation launched after the House, on July 8, 2026, mandated the committee to examine the legitimacy of the PFIPC and how it found its way into official government processes.
According to the lawmakers, preliminary evidence suggests that the organisation was neither established by an Act of the National Assembly nor created through any valid government instrument, despite presenting itself as a federal institution.
Investigators also uncovered records indicating that about 39 individuals were recruited and presented as staff members of the organisation across various levels of employment.
The committee said it is examining the recruitment process, appointment letters, identity cards, salary payments and allegations that some job seekers were required to make financial payments before securing employment.
Lawmakers said the probe would distinguish between individuals who may have unknowingly believed the organisation was legitimate and those who knowingly participated in or benefited from its operations.
Beyond the PFIPC, the committee said it had identified more than a dozen organisations allegedly connected directly or indirectly to Adeyemi.
Among them are the Confederation of United Nations Youths, FCT Investment Promotion Agency and Public-Private Partnership, FCT Investment Promotion Council and Public-Private Partnership, Foreign Investment Promotion Agency, United Nations Youth Global Agency, United Nations Youth Global Foundation, World United Nations Youth Global Foundation, World Entrepreneurship University Limited, World Enterprise University Limited, FCT Investment Promotion Act, FCT Promotion Agency and the Olubadan of Ibadan Foundation.
The committee noted that similarities in their names, objectives, management structures, signatories and banking relationships have raised concerns that multiple organisations may have been used to create an appearance of legitimacy by adopting government, international, educational and United Nations-related identities.
Investigators are now examining whether the entities were used to solicit funds, attract investments, secure government recognition or persuade members of the public to part with money under false pretences.
In one of the most striking allegations, lawmakers said a company claimed it paid approximately N400 million in four instalments after being promised a lucrative contract involving the renovation and furnishing of a residence allegedly allocated to Adeyemi in his claimed capacity as Director-General.
According to the company, its representatives were taken to a property in Abuja and informed that it served as the official residence attached to the office.
The committee said efforts are underway to trace the funds, identify account beneficiaries and verify the ownership and status of the property involved.
Lawmakers noted that if the allegations are eventually proven through competent investigative and judicial processes, they could amount to offences including fraudulent misrepresentation, obtaining money by false pretence, impersonation, conspiracy and forgery.
The investigation also uncovered what the committee described as widespread use of forged and fabricated documents designed to portray the PFIPC as a legitimate government institution.
Among the documents examined was a purported presidential appointment letter naming Adeyemi as Director-General and allegedly signed by the Chief of Staff to the President, Femi Gbajabiamila.
However, the committee said the State House confirmed that no such appointment was ever approved or issued by the Presidency and that Gbajabiamila neither signed nor authorised the document.
Further scrutiny reportedly revealed that the letterhead, reference number, formatting, language and administrative features were inconsistent with official State House correspondence.
The committee also dismissed a purported approval document for the establishment of an entity known as the Presidential Economic Advisory Council, saying it did not originate from the Presidency or any authorised federal institution.
Similarly, investigators rejected a document presented as Presidential Executive Order No. 5 dated February 24, 2026, concluding that it was not an authentic executive order and had not been issued through lawful presidential procedures.
Another document claiming to be an Act of the National Assembly establishing the organisation was also found to be unauthorised, with lawmakers stating that it was never passed by both chambers, assented to by the President or gazetted into law.
According to the committee, sections of an existing document relating to another institution appeared to have been electronically altered and manipulated to create the false impression that Parliament had enacted legislation establishing the PFIPC.
The probe further uncovered a letter dated November 7, 2024, purportedly sent from the State House to the Office of the Accountant-General of the Federation requesting an administrative code for the organisation.
The document reportedly carried the name of one Akambi Adewale, described as a director within a State House directorate.
However, the State House informed investigators that neither the office nor the directorate existed in the form represented and that no official bearing that designation served in the stated capacity.
The committee said investigations remain ongoing as lawmakers continue to unravel what could be one of the most elaborate alleged impersonation and document-forgery schemes involving a purported federal institution in recent years.
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