The House of Representatives Ad-hoc Committee investigating the alleged fake Presidential Foreign Investment Promotion Council (PFIPC) says it will question its purported Director-General, Prince Adeniyi Adeyemi, at an undisclosed location while he remains in police custody.
Committee Chairman Yusuf Gagdi said the move is to avoid disrupting ongoing investigations by the police, the Economic and Financial Crimes Commission (EFCC), and the Independent Corrupt Practices and Other Related Offences Commission (ICPC). He added that the panel would respect a court order keeping the suspect in custody.
The committee is probing allegations of impersonation, forgery, financial misconduct, and the unlawful use of government facilities and insignia linked to the alleged council. It is also examining how the group operated, its funding sources, and whether any public officials were involved.
During a hearing, a contractor, Gbenga Collins, told lawmakers he paid N400 million to Adeyemi after being promised a contract to renovate an official residence purportedly assigned to the DG.
Collins said he believed the agency was legitimate because Adeyemi operated from an office in the Federal Secretariat, Abuja, used government vehicles with official number plates, and was accompanied by security personnel.
He said payments were made in installments between May and July 2025 into accounts linked to two companies. However, the promised contract mobilization never materialized, prompting him to petition the EFCC in November 2025.
“I later discovered it was a scam after consulting my lawyer,” Collins told the committee, adding that the incident had severely affected his business and forced him to sell personal assets.
Lawmakers also summoned the Corps Marshal of the Federal Road Safety Corps, Shehu Mohammed, over the alleged use of official number plates on vehicles linked to the suspected fake agency.
Gagdi said the committee would privately question Adeyemi with legal representation present and document the interaction, stressing that the priority is to obtain key clarifications without undermining ongoing investigations.
The panel is expected to conclude its hearings this week and submit its report to the House for further legislative action.
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