House Panel Uncovers 58 Accounts, 12 Firms Linked to Ghost Agency

​A House of Representatives ad hoc committee investigating the controversial Presidential Foreign Intervention Promotion Council (PFIPC) has uncovered 58 bank accounts and 12 corporate entities linked to the organization’s disputed Director-General, Adeniyi Adeyemi.

​The preliminary findings were detailed in a report signed by Committee Chairman Yusuf Gagdi. The legislative inquiry was launched following the unexpected inclusion of the council in the 2026 Appropriation Bill, a development that raised immediate red flags among lawmakers regarding the agency’s legal provenance.

​According to the committee’s dossier, initial financial tracking revealed that more than 30 of the identified accounts were operated under the names of nine separate companies, foundations, and related entities. The remaining accounts were scattered across individual and variant names designed to obscure the financial footprint.

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​Investigators stressed that the discovery of the accounts does not automatically establish illegality. The panel is currently working to reconcile beneficial ownership records, corporate registration documents, and transaction histories to ascertain exact legal liabilities.

​The broader institutional audit revealed a complete absence of statutory backing for the council. The committee confirmed it found no evidence of an Act of the National Assembly or an executive order establishing the PFIPC. Furthermore, records show no official presidential appointment backing Adeyemi’s claim to the leadership of the agency.

​Corroborating these findings, documentary submissions from the State House explicitly confirmed that Chief of Staff Femi Gbajabiamila neither signed nor authorized the appointment letter presented by Adeyemi. Instead, records indicate that administrative measures were swiftly initiated from the State House to trigger a formal security and legislative investigation into the council’s opaque operations.