The House of Representatives Ad-Hoc Committee investigating the activities of the unestablished Presidential Foreign Investment Promotion Council (PFIPC) has invited the National Security Adviser, Nuhu Ribadu, to explain the action his office took regarding the fake agency.
The committee has also requested that the Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, appear before it in person. The summons follows the submission made to the committee by the Permanent Secretary (PS) of the ministry, Dunoma Ahmed, on Tuesday. The panel is chaired by Yusuf Gagdi (APC, Plateau).
It is examining how the PFIPC allegedly operated as a federal government agency despite having no legal basis for its existence. It is probing claims that the organisation presented itself as a presidential institution, corresponded with government agencies and attempted to engage foreign investors while using the Presidency’s name. The panel was also mandated to find out how the phantom agency obtained an allocation in the 2026 budget.
Mr Ahmed told the lawmakers that the ministry never recognised or had any official dealings with the PFIPC, insisting that both the council and its alleged Director-General, Adeniyi Adeyemi, were unknown to the federal government.
