By Gift ChapiOdekina, Abuja
The House of Representatives has inaugurated an ad hoc committee to investigate the legal basis for the establishment and operations of the Presidential Foreign Investment Promotion Council (PFIPC), including the circumstances surrounding its inclusion in the Federal Government’s budget framework.
Speaking at the inauguration of the committee in Abuja on Monday, Speaker of the House, Rep. Abbas Tajudeen, said the investigation is intended to establish the facts surrounding the council’s creation and operations, stressing that it is neither politically motivated nor aimed at fuelling public controversy.
According to the Speaker, the decision to constitute the committee followed growing public interest and debate over the council’s legal status, institutional mandate, operational framework and relationship with existing government agencies responsible for investment promotion.
“The House of Representatives has not constituted this committee to validate speculation or amplify controversy. Neither is this a political exercise. Our objective is simply to establish the facts,” Abbas said.
