The House of Representatives Ad Hoc Committee investigating the purported Presidential Foreign Intervention Promotion Council has uncovered about 58 bank accounts allegedly linked to its Director-General, Prince Adeniyi Adeyemi, as well as an alleged N400m transaction which the committee said may have involved fraudulent representations.
The committee also found that more than 30 of the identified accounts appeared to have been operated in the names of about nine agencies, companies, foundations or related entities connected to Adeyemi, raising questions about the ownership, control and purpose of the organisations.
The Chairman of the committee, Yusuf Gagdi, disclosed the findings on Wednesday while presenting the panel’s preliminary report to parliamentary correspondents in Abuja on the circumstances surrounding the council’s inclusion in the Federal Budget Framework.
According to Gagdi, preliminary information obtained from financial and investigative institutions showed that the Bank Verification Number and other identifying details associated with Adeyemi were linked to a network of personal, corporate, organisational and foundation accounts.
The entities identified by the committee include the Confederation of United Nations Youths; FCT Investment Promotion Agency and Public-Private Partnership; FCT Investment Promotion Council and Public-Private Partnership; Foreign Investment Promotion Agency; United Nations Youth Global Agency; United Nations Youth Global Foundation; World United Nations Youth Global Foundation; World Entrepreneurship University Limited; World Enterprise University Limited; FCT Investment Promotion Act; FCT Promotion Agency; and Olubadan of Ibadan Foundation.
