There are indications that some heads of the federal government’s Ministries, Departments and Agencies may be sanctioned for allowing the fictitious Presidential Foreign Investment Promotion Council (PFIPC) to operate under the leadership of Adeniyi Adeyemi.
This followed the findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which showed that procedural and administrative lapses across several key Ministries, Departments and Agencies (MDAs) created opportunities for the fictitious agency to thrive
Adamu Aliyu, chairman of the ICPC, revealed while briefing State House Journalists, after submitting it reports to President Bola Tinubu, that Adeyemi exploited the lapses to commit his criminal activities, including the creation of two other fictitious agencies.
The ICPC boss revealed that investigators identified gaps in administrative and verification procedures across a number of such federal institutions, which were exploited by the promoter of the fictitious Presidential Foreign Investment Promotion Council (PFIPC), Adeniyi Adeyemi Matthew.
The Commission, however, stressed that its findings do not suggest official complicity by the affected institutions but point to weaknesses in internal processes that require urgent reforms.
