Fresh Corruption Storm Hits PFIPC as ₦400 Million Bribery Allegation Surfaces

Fresh allegations have emerged in the House of Representatives’ investigation into the activities of the Presidential Foreign Investment Promotion Council (PFIPC), with claims that ₦400 million was paid to secure a government contract valued at ₦2 billion.

Appearing before the House ad hoc committee, the Managing Director of Divine Dopacy Nigeria Limited, Collins Oyekunle, alleged that the payment was made to the council’s former Director-General, Mathew Adeyemi, as a condition for awarding the contract.

Oyekunle told lawmakers that the money was not sourced solely from him but was raised with the support of colleagues and associates. According to him, the funds were transferred in installments in 2025 into several corporate bank accounts allegedly provided for the transaction after a series of meetings with Adeyemi and his associates.

Committee members questioned why the payments were made into corporate accounts that had not been verified as belonging to any recognised government institution and also asked whether Oyekunle carried out due diligence before releasing the funds.

The lawmakers said they would scrutinise bank records, communications and other documents relating to the alleged payments as part of the ongoing investigation.

The committee also announced plans to invite everyone connected to the claims to provide further explanations, noting that the allegations would form part of its broader probe into suspected forgery, impersonation, financial misconduct and the alleged misuse of government institutions linked to the disputed council.

Meanwhile, Adeyemi remains in police custody over allegations relating to the purported agency. His legal team has previously requested that he be allowed to appear before the House committee to present his own account of the matter.