Reps probe controversial PFIPC operations

A House of Representatives ad hoc committee has invited senior government officials, including Secretary to the Government of the Federation (SGF), Sen. George Akume, to explain the circumstances surrounding the operations of the controversial Presidential Foreign Investment Promotion Council (PFIPC).
The committee, established to investigate the existence, activities and inclusion of PFIPC in the federal budget framework, issued the invitation during a public hearing in Abuja on Monday.
Other officials summoned to appear on July 21 include the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele; Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi; Accountant-General of the Federation, Dr Shamseldeen Ogunjimi; and Director-General of the Budget Office, Mr Tanimu Yakubu.
The lawmakers said the officials would provide explanations on issues surrounding the council, including how it obtained office space at the Federal Secretariat.
PFIPC, reportedly headed by Adeyemi Adeniyi, had attracted attention after allegations that it operated from the Federal Secretariat, maintained accounts with the Central Bank of Nigeria (CBN), and was included in the 2026 national budget without following due procedures.
During the hearing, the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack, told the committee that the office space used by PFIPC belonged to her office.
She explained that PFIPC had approached her office seeking approval for its organisational structure, but the request was not granted due to inadequate documentation.
Walson-Jack added that her office neither deployed staff to the council nor officially approved any office space for its operations.
Meanwhile, CBN Director of Banking, Mr Hamisu Abdullahi, confirmed that PFIPC had two accounts with the apex bank.
He said the accounts were opened after clearance from the Office of the Accountant-General of the Federation on July 30, 2025, in line with standard banking procedures for government agencies.
However, he noted that no authorised signatories were provided for the accounts and they were never operated.
Chairman of the committee, Rep. Yusuf Gagdi (APC–Plateau), assured that the investigation would uncover the full circumstances surrounding PFIPC.
“The committee will get to the root of the matter,” he said.



