NGThe Nigerian House of Representatives' ad hoc committee is investigating the establishment and operations of the Presidential Foreign Investment Promotion Council (PFIPC), an agency the government claims does not exist. The committee plans to question the Accountant-General of the Federation, Mr. Shamseldeen Ogunjimi, about how the PFIPC secured official office space in Abuja and received over N1.32 billion in the 2026 Appropriation Act despite lacking legal recognition. The inquiry has revealed potential lapses in public financial management and institutional oversight. Several senior government officials, including the Head of the Civil Service and the Director of Banking Services at the Central Bank of Nigeria, have testified about procedural gaps that allowed the PFIPC to operate as if officially sanctioned. The investigation gained further traction after the arrest of Adeyemi Adeniyi, who claimed to be the PFIPC's director-general and alleged he paid N400 million to secure his position.
Bias read (Center): The article presents a factual account of an ongoing parliamentary investigation into a government agency's questionable operations. It includes balanced quotes from multiple officials and does not exhibit overtly biased language or selective sourcing. The focus is on uncovering potential missteps,
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