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The agency that existed on paper | By Georgina George

Daily Intel Newspaper by Daily Intel Newspaper
October 19, 2026
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When Adeniyi Adeyemi walked into the Federal Secretariat in Abuja and presented himself as the Director-General of the Presidential Foreign Investment Promotion Council, the organisation appeared to have all the trappings of a government institution.

There was an office. There were official-looking documents. There were claims of presidential backing, staff recruitment and government funding. The Council even appeared in Nigeria’s 2026 federal budget.
But the Federal Government now says the agency was never established.


The controversy surrounding the purported Presidential Foreign Investment Promotion Council came back into focus last month when Adeyemi was arraigned before the Federal High Court in Abuja on an eight-count charge bordering on conspiracy, forgery and impersonation.


He pleaded not guilty to all the charges and was subsequently remanded in the Kuje Correctional Centre pending further proceedings.

The case is unusual not only because of the allegations against Adeyemi, but because of how far the purported agency appears to have penetrated the machinery of government before its legitimacy was challenged.


Investigations by the Independent Corrupt Practices and Other Related Offences Commission found that the council had not been legally established by the Federal Government and that the appointment letter Adeyemi relied upon to present himself as its director-general was forged.


Yet the organisation was able to operate from an office within the Federal Secretariat and present itself to other government institutions as a legitimate government body.
The Budget Office of the Federation had earlier acknowledged that an allocation appeared in the 2026 budget for the organisation. However, it said the Council had not received financial clearance because the required conditions had not been completed.


That distinction is important. The appearance of an allocation in the budget did not, by itself, mean that the organisation had been authorised to spend the money.
Still, the episode raises a broader question about the checks that are supposed to stand between a person presenting a document as an official government instrument and that document gaining acceptance within the public service.


According to findings from the ICPC investigation, the activities linked to Adeyemi went beyond the disputed Council. Investigators said he had also created other entities presented as government-related agencies and used documents that purported to have legislative backing.


The allegations have placed attention on several layers of the public system through which the purported agency operated.
The matter has also generated a separate legal dispute involving the Chief of Staff to the President, Femi Gbajabiamila, who denied allegations made against him by Adeyemi and subsequently filed a defamation suit.


Adeyemi, however, has maintained that the council was legitimate and has rejected the allegations against him. His position is now before the courts, where the prosecution will have to establish its case.


For the moment, the court proceedings are less about the dramatic story of a man allegedly running an institution that did not exist and more about establishing how the alleged scheme worked, who interacted with it and whether anyone else should answer questions about the processes that allowed it to operate.


That may ultimately prove to be the most important part of the case.


A forged document can be created by one person. But for a purported government institution to secure office space, engage with public bodies and appear in official budget documents, it has to pass through several points of contact.


The trial may therefore provide an unusual window into how Nigeria’s bureaucracy verifies authority, documents and government appointments, and what happens when those checks fail.
For now, Adeyemi remains an accused person, not a convicted criminal. The court will determine the allegations against him and the evidence presented by the prosecution.


But regardless of the eventual outcome of the case, the controversy has already exposed an uncomfortable question for a country that spends billions of naira through its public institutions: how much can enter the system simply because it looks official?

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