Exposing the 1. 302 978 784 Billion Naira fraud tied to a bogus agency in Nigeria

 

The controversy revolves around the Presidential Foreign Intervention Promotion Council (PFIPC), which the Nigerian Presidency has officially declared to be a fictitious and non-existent organization. 

It gained significant national attention after being shockingly allocated over one billion Naira in the 2026 budget.

A man named Prince Adeniyi Adeyemi Matthew [38 years] reportedly appointed himself as the Director-General of this council, forged appointment letters that bore government seals, and operated from an office space at the Federal Secretariat in Abuja for more than a year.

The alleged impostor and his associates conducted meetings with government ministers, summoned ambassadors, and utilized falsified documents to establish 34 accounts with the Central Bank of Nigeria (CBN).

It is quite unbelievable that this non-existent agency was included in the 2026 Appropriation Act with a budget allocation of one billion three hundred two million nine hundred seventy-eight thousand seven hundred eighty-four Naira. [1. 302 978 784]

The scheme began to unravel when the Nigerian Investment Promotion Commission (NIPC) identified overlapping responsibilities, leading the Chief of Staff to the President, Femi Gbajabiamila, to submit a petition to the State Security Service (DSS) and the police in late 2025.

Mr. Adeyemi was apprehended by the Nigeria Police Force and is facing an eight-count charge at the Federal High Court in Abuja for conspiracy, forgery, and impersonation.

While the Presidency denies any knowledge of the council, the accused asserts that his appointment was legitimate, claiming that the Chief of Staff's office received 400 million Naira indirectly to secure the position.

The scandal has ignited intense public debate, raising serious concerns about how a fictitious agency could obtain an official government office, maintain accounts with the central bank, and be included in the national budget without triggering institutional safeguards. 

Civil society organizations and opposition leaders have called for transparent, independent inquiries to investigate these significant systemic and oversight failures.