The House of Representatives Ad-Hoc Committee investigating the purported Presidential Foreign Intervention Promotion Council has uncovered a network of about 58 bank accounts allegedly linked to its detained Director-General, Prince Adeniyi Adeyemi, as well as an alleged N400 million 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 and related entities allegedly 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 (BVN) and other identifying details associated with Adeyemi were linked to a substantial network of personal, corporate, organisational and foundation accounts.
