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The House of Representatives Ad Hoc Committee investigating the alleged Presidential Council for Promoting Foreign Intervention (PFIPC) uncovered 12 organizations, operating approximately 58 bank accounts.
The accounts, the report revealed, were directly or indirectly linked to the self-proclaimed Director General of the PFIPC, Adeniyi Adeyemi.
The committee also exonerated the president’s chief of staff, Femi Gbajabiamila, from allegations that he had a role in the creation of the fake agency and its operations.
These are the salient points of the provisional report of the investigative commission chaired by the Hon. Yusuf Adamu Gagdi.
Speaking about the preliminary findings on Wednesday, he said the organization was not legally created by the federal government, as documents allegedly used to grant presidential and legislative authority were “falsified, fabricated or altered.”
The committee, in the interim report, also revealed that during the course of its investigation, 12 organizations were found to be operating around 58 bank accounts directly or indirectly linked to Adeyemi.
According to Gagdi, “the Committee did not conclude that each account, entity or transaction identified was illegal,” but that it is reconciling “registration records, account mandates, beneficial ownership information, signatories and transaction history to determine the true nature and control of the identified entities and accounts.”
The committee also said it had identified multiple associated entities and bank accounts, “information received from financial and investigative institutions indicating the bank verification number and other identifying details associated with Prince Adeniyi Adeyemi.”
The names of the entities, the committee said, include; United Nations Youth Confederation; FCT Agency for Investment Promotion and Public-Private Partnership; FCT Investment Promotion Council and Public-Private Partnership; Agency for the Promotion of Foreign Investments; and the United Nations Global Youth Agency.
Others are the United Nations Global Youth Foundation; United Nations Global Youth Foundation; World University for Entrepreneurship Limited; World Enterprise University Limited; FCT Investment Promotion Law; FCT Promotion Agency; and Olubadan of the Ibadan Foundation.
“No such appointment was made or approved by the Presidency. The chief of staff neither issued nor signed the letter. The document’s format, language, and administrative features differed substantially from official State House correspondence,” the committee said.
…On Gbajabiamila
On the alleged role of Gbajabiamila, the committee said the letterhead was not genuine State House letterhead, while the reference number used was not consistent with the official reference system of the Presidency.
Therefore, he declared that “the alleged appointment letter was fabricated and falsely attributed to the Presidency”.
The committee insisted that previous documents showed that Gbajabiamila had taken steps to provoke an immediate investigation by relevant security agencies into the organization when concerns were brought to his attention.
According to the committee, as further concerns arose, including issues relating to the proposed Global Investment Summit, further communications were issued calling for appropriate investigation and action.
“The documentary evidence currently before the Committee does not demonstrate that the Chief of Staff authorized, approved, established or participated in the activities of the alleged organization.
“To the contrary, the evidence demonstrates repeated steps to ensure appropriate investigations, institutional reviews and administrative actions,” he said.
Rather, he commended the Chief of Staff for the timely administrative and security interventions he took whenever the matter was formally brought to his attention.
Gagdi explained that some aspects of the investigation are still ongoing, after which the commission will present its report to the General Assembly.
After uncovering the forgery, specifically of an executive order, the committee claimed to have uncovered an alleged presidential executive order No. 5, dated February 24, 2026, which would be used to provide legal authority to the organization.
He pointed out that the evidence before them indicated that the document had neither been released nor approved through legitimate presidential processes.
The committee said its preliminary findings significantly show that a purported letter appointing Prince Adeniyi Adeyemi as Director General of the PFIPC and purportedly bearing the authorization and signature of Gbajabiamila was not issued by the Chief of Staff or the President.
