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The Director-General of Nigeria's Budget Office of the Federation, Tanimu Yakubu, stated that despite budgetary provisions, no funds were released to the Presidential Foreign Investment Promotion Council (PFIPC) regarding a controversial N1.32 billion allocation.
The Office of the Head of the Civil Service of the Federation (OHCSF) and the Central Bank of Nigeria (CBN) have distanced themselves from the establishment and operations of the alleged Presidential Foreign Investment Promotion Council (PFIPC), revealing inactive accounts.
Adeniyi Adeyemi, the self-proclaimed Director-General of the purported Presidential Foreign Investment Promotion Council (PFIPC), has been arrested by security operatives based on a warrant from the Federal High Court in Abuja.
The Nigerian House of Representatives Ad-hoc Committee is demanding answers from the Office of the National Security Adviser (ONSA) regarding why an alert on the alleged establishment of the Presidential Foreign Investment Promotion Council (PFIPC) was ignored.
The Nigerian House of Representatives has launched an ad hoc committee to investigate the legal basis and operations of the Presidential Foreign Investment Promotion Council (PFIPC), including its budget inclusion.
Adeniyi Adeyemi, who claimed to be the Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), was arrested by police in Osun following a bench warrant. This arrest follows an earlier warrant from a Federal High Court.
A Director at the Central Bank of Nigeria (CBN), Hamisu Abdullahi, informed a House of Representatives ad-hoc committee that government accounts are opened only with authorization from the Office of the Accountant General of the Federation (OAGF), amidst a probe into the Presidential Foreign Investment Promotion Council (PFIPC).
Legal practitioner Jiti Ogunye has asserted that there is no legal or factual basis to demand the resignation of Femi Gbajabiamila, Chief of Staff to the President, concerning allegations linked to the alleged fake Presidential Foreign Investment Promotion Council (PFIPC).