Reps question Accountant-General over fake agency scandal
The House of Representatives ad hoc committee is investigating the controversial Presidential Foreign Investment Promotion Council (PFIPC), which allegedly operated as a government agency despite lacking legal status. The committee, led by Yusuf Gagdi, is set to question the Accountant-General of the Federation, Shamseldeen Ogunjimi, about how the PFIPC secured office space and a budget allocation of over N1.32bn. The probe has attracted public interest due to allegations of financial misconduct and institutional failures. Several top government officials have already testified, with more expected to appear as the investigation continues.
What we know
- The committee is probing how the PFIPC, described by the government as non-existent, obtained office accommodation and a budgetary allocation in the 2026 Appropriation Act.
- Shamseldeen Ogunjimi is expected to explain how the PFIPC received a government budget code and appeared in the national budget.
- The investigation gained momentum after the arrest of Adeyemi Adeniyi, who allegedly paid N400m to secure his appointment as PFIPC Director-General.
- The Presidency and Femi Gbajabiamila have denied any involvement with the PFIPC or the allegations made by Adeniyi.
- Additional senior officials, including George Akume, Olatunji Disu, Bianca Odumegwu-Ojukwu, Taiwo Oyedele, and Lateef Fagbemi, are expected to testify as the probe continues.
