The Managing Director, Divine Dopacy Nigeria Limited, Gbenga Collins, has informed the House of Representatives Ad-hoc Committee that he paid N400 million to the purported Director-General of the Presidential Foreign Investment Promotion Council, Adeniyi Adeyemi, after allegedly being promised a contract to renovate and furnish what was presented as the official residence of the DG.

This revelation comes amid the ongoing investigation into the alleged establishment and operations of the agency.

Narrating the ordeal before the committee on Tuesday, Collins noted that he believed the PFIPC was a genuine Federal Government institution because Adeyemi operated from an office in the Federal Secretariat, Abuja, moved with security personnel and official vehicles bearing government number plates, and received visitors in what appeared to be an authentic government office.

Collins, a graduate of Federal University of Agriculture, Abeokuta, said he first met Adeyemi, whom he described as a fellow indigene of Ogbomoso, during a programme in their hometown in December 2024.

According to him, Adeyemi later invited him to Abuja in early 2025 to discuss a business opportunity.