PFIPC Probe Deepens As Police Reveal Details Of Adeyemi’s Alleged ₦400m Spending

The Nigeria Police Force (NPF) has detailed how Prince Adeniyi Adeyemi, alleged operator of the fictitious Presidential Foreign Intervention Promotion Council (PFIPC), reportedly spent about ₦400 million obtained from a businessman.

The findings were contained in a police investigation report dated July 24, 2026, which examined allegations including criminal conspiracy, forgery, impersonation, obtaining money under false pretences, theft of public funds and money laundering.

According to the report, investigators found no evidence to support Adeyemi’s alleged claim that he converted the ₦400 million to dollars and handed the money to the Chief of Staff to the President, Femi Gbajabiamila.

Instead, investigators said financial records showed that the funds were allegedly used for personal expenses, including the purchase of vehicles, transfers to personal accounts and payments involving family members.

The police also identified inconsistencies in Adeyemi’s account of how he allegedly secured his purported government appointment.

According to the report, Adeyemi claimed at one point that the appointment was secured in March 2024, while also alleging that the ₦400 million payment was made to facilitate an appointment in 2025.

The police said their investigation did not establish any transaction indicating that Gbajabiamila received money from Adeyemi.

How Adeyemi Allegedly Received ₦400m

Investigators said an analysis of Adeyemi’s World Entre University Nigeria Limited account with GTBank showed that he received ₦380 million in four instalments from Divine Dopacy Nigeria Limited, a company owned by Oyekunle Gbenga Collins.

According to the police, Collins was allegedly persuaded to release the money on the promise that Adeyemi would facilitate the award of a ₦2.8 billion contract for the renovation of an official residence allegedly allocated to his office.

The report said further analysis showed that Adeyemi allegedly used part of the proceeds to purchase two vehicles and transferred substantial amounts to his personal accounts and those of relatives.

The police said the findings contradicted his alleged claim that the entire ₦400 million had been converted to foreign currency and handed to Gbajabiamila through the late Babatunde Dolapo Tanimola.

Investigators also said Adeyemi’s Sunshine Confectionary and Catering Services account with Access Bank received an additional ₦20 million from Divine Dopacy Nigeria Limited.

The police further alleged that Adeyemi obtained a ₦100 million loan from a microfinance bank and received unspecified sums from members of the public under the guise of facilitating diplomatic passports, note verbales and visas.

Five Government Officials Questioned

The investigation also identified five senior government officials whose actions, according to the police, may have facilitated Adeyemi’s access to government processes and institutions.

They included two directors attached to the Office of the Accountant-General of the Federation and the Office of the Head of the Civil Service of the Federation.

Others were a Special Assistant in the Budget Office, an Assistant Director in the Ministry of Budget and Economic Planning, and an official seconded from the Office of the Secretary to the Government of the Federation.

The police said the officials were questioned over their alleged roles in facilitating activities connected to the purported council.

Investigators reportedly recommended that the cases involving the officials be considered for prosecution, subject to legal advice from the Director of Public Prosecutions.

The Force also said 22 other suspects whose names emerged during the investigation were questioned.

How the Alleged Fake Agency Gained Government Recognition

According to the police report, Adeyemi allegedly presented himself as Director-General of the purported Presidential Economic Advisory Council (PEAC) and later the Presidential Foreign Intervention Promotion Council (PFIPC).

Investigators alleged that he used forged documents to present the organisation as a legitimate federal institution and gained access to various government offices.

The report said the forged documents were allegedly submitted to the Offices of the Secretary to the Government of the Federation, Head of the Civil Service of the Federation, Accountant-General of the Federation and Director-General of the Budget Office.

The police alleged that inadequate due diligence by some officials allowed the documents to be processed, resulting in the purported agency receiving an Administrative Code, office accommodation at the Federal Secretariat, official vehicles and approval to recruit about 300 personnel.

The alleged agency was also said to have obtained administrative waivers, secondment of government officers, permission to open foreign-currency accounts with the Central Bank of Nigeria and provisional self-accounting status.

Investigators further alleged that the organisation was included in the 2026 Appropriation Act with a budgetary provision of about ₦1.3 billion.

Forensic Analysis Confirms Alleged Forgery

The police said forensic examination of disputed documents supported allegations that the appointment letter attributed to the Chief of Staff was forged.

According to the report, handwriting experts concluded that the signatures on the disputed documents did not match Gbajabiamila’s known signature.

The police also said Segun Imohiosen, a former Director of Information and Public Relations in the Office of the Secretary to the Government of the Federation, denied signing a document purportedly containing the mandate and terms of reference of the alleged agency.

The report stated that Imohiosen also provided a specimen of his signature for forensic examination.

Investigators further alleged that a purported request for an Administrative Code, said to have been signed by an official of the State House, did not originate from the institution because neither the purported signatory nor the department named in the document existed in the State House’s organisational structure.

Alleged ₦2.87bn Contract

The police also alleged that Adeyemi used the purported agency to facilitate a ₦2.87 billion contract for the renovation of a property allegedly allocated to his office.

According to investigators, the development enabled him to obtain the ₦400 million from Collins as an alleged facilitation fee.

The report further alleged that Adeyemi obtained a ₦100 million loan from a microfinance bank and collected additional sums from unsuspecting members of the public by allegedly promising to facilitate diplomatic passports, note verbales and visas.

Investigation Into Alleged Fictitious Council

The investigation began after a petition by Gbajabiamila drew the attention of security authorities to individuals allegedly circulating appointment letters purportedly issued by his office.

The police said Adeyemi was initially arrested on October 27, 2025, and subsequently charged to court in November 2025 over allegations of criminal conspiracy and forgery.

A subsequent petition filed in June 2026 led to further investigation by the Nigeria Police Force National Cybercrime Centre.

The investigation involved obtaining statements from the complainant and witnesses, examining financial records and sending disputed signatures and documents for forensic analysis.

The police said the investigation report had been forwarded to the Attorney-General of the Federation and Minister of Justice, as well as relevant government institutions and security agencies, for further legal action.