Fresh details have emerged from the Independent Corrupt Practices and Other Related Offences Commission (ICPC)'s investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC), with the commission maintaining that there is no evidence connecting the Presidency to the establishment or operation of the purported government body.


The commission said its findings followed extensive verification of official government records and consultations with relevant Ministries, Departments and Agencies (MDAs). According to the ICPC, investigators found no document, Executive Order, presidential approval or legal instrument establishing the PFIPC as a recognised institution of the Federal Government.

The report also stated that Adeniyi Adeyemi, who presented himself as the Director-General of the council, was not appointed by the Federal Government in any capacity. The commission said all available records examined during the investigation failed to support his claims of holding any official appointment within the Presidency or any federal agency.

In addition, investigators reportedly scrutinised documents linked to the council's operations, including appointment and engagement letters allegedly issued in the name of government officials. The commission concluded that the documents did not originate from authorised government sources and could not be relied upon as genuine official records.

The ICPC noted that the findings had been forwarded to the appropriate authorities, recommending the prosecution of individuals found to have played active roles in the alleged fraudulent operation. It also called for administrative and institutional reforms to strengthen document authentication procedures across public institutions.

Meanwhile, the House of Representatives Ad Hoc Committee investigating the matter has continued its legislative inquiry, stressing that its objective is to establish accountability and prevent future abuse of government institutions. Lawmakers have reiterated their commitment to ensuring that anyone found culpable is held responsible in accordance with the law.

The commission assured Nigerians that investigations into other individuals who may have aided or facilitated the activities of the alleged fake council are still ongoing. It added that further action would be taken where additional evidence establishes criminal or administrative liability, reaffirming its commitment to protecting the integrity of public institutions and upholding the rule of law.