PFIPC Scandal: Documents Reveal How Disowned DG Secured CBN Accounts, Federal Office

A trail of correspondence between top government agencies and Adeniyi Adeyemi, the disowned Director-General of the disputed Presidential Foreign Intervention Promotion Council (PFIPC), has shown how the alleged fictitious agency operated within the Federal Government system before it was exposed.

Documents reviewed showed that the Office of the Secretary to the Government of the Federation (OSGF), the Office of the Accountant-General of the Federation (OAGF) and the Central Bank of Nigeria (CBN) acted on letters from Adeyemi’s PFIPC, apparently believing the council was a legitimate agency under the Presidency.

The Presidency has accused Adeyemi of forging government documents, including State House letterheads, approval letters and appointment documents.

Adeyemi has denied wrongdoing and vowed to prove his innocence in court.

The controversy began to unravel on October 16, 2025, when the Ministry of Foreign Affairs wrote to the Chief of Staff to the President, Femi Gbajabiamila, and the National Security Adviser seeking clarification on Adeyemi’s status.

The request followed Adeyemi’s meeting with members of the diplomatic community on October 10, 2025, without recourse to the Ministry of Foreign Affairs.

In his reply on October 27, Gbajabiamila told the ministry that the PFIPC was fake.

“In future, it is advised that any letter supposedly issued by the Chief of Staff to the President should be cleared from this Office before further action is taken,” Gbajabiamila wrote.

He subsequently petitioned the police and the Department of State Services (DSS) to investigate Adeyemi.

Adeyemi’s claim to office reportedly began with a purported appointment letter dated March 8, 2024, conveying his appointment as Director-General of the Presidential Foreign Investment Promotion Council (PFIPC).

The letter claimed President Bola Tinubu approved the appointment effective March 1, 2024.

It was written on what appeared to be State House letterhead and carried a signature placed above Gbajabiamila’s name.

The Chief of Staff has denied writing or signing the letter.

According to Premium Times, documents also showed that on July 29, 2025, the Office of the Accountant-General of the Federation wrote to the CBN requesting the creation of domiciliary accounts for two MDAs, including the PFIPC.

On August 13, 2025, the CBN confirmed that it had opened dollar and pounds accounts for the council.

The accounts were reportedly created in the name of the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council World Investment Summit.

Adeyemi also wrote to the Accountant-General’s office on January 13, 2025, requesting self-accounting status for the agency.

Although the letter was written on State House letterhead, it was signed by Adeyemi as Director-General of PFIPC.

He stated that the institution had been assigned Administrative Code Number 0111062001 in the National Chart of Accounts.

After further correspondence, the OAGF granted the council a six-month provisional self-accounting status effective May 27, 2025.

Adeyemi had earlier written to the OSGF on November 7, 2024, requesting office space.

The OSGF later forwarded the request, along with those of other MDAs, to the EFCC, seeking allocation of offices from recovered Federal Government properties.

Court documents showed that Adeyemi eventually operated from the second floor of the Federal Secretariat Complex in Abuja.

By April 2025, he wrote to the OAGF requesting accounting and audit staff.

At least three civil servants from the OAGF were later deployed to the agency on August 28, 2025.

On September 1, 2025, Adeyemi wrote to the Ministry of Foreign Affairs seeking a Note Verbale to the United States Embassy to facilitate visas for seven persons travelling with him to attend the African Economic Global Convergence Summit 2025.

It is unclear whether the request was processed.

Police began investigating the forgery allegations on October 23, 2025.

Adeyemi was arrested on October 27 at the Federal Secretariat office where he operated.

The Federal Government has filed an eight-count charge against him before the Federal High Court, with hearing fixed for July 27.