Vanguard NigeriaIndependentCenterFactual 85Objective 78yesterdayA director at Nigeria's Central Bank of Nigeria (CBN), Hamisu Abdullahi, testified before the House of Representatives' ad-hoc committee investigating the alleged creation of the Presidential Foreign Investment Promotion Council (PFIPC) without proper legal authority. He stated that the CBN only opens government accounts after receiving formal authorization from the Office of the Accountant-General of the Federation (OAGF). According to Abdullahi, the CBN received instructions from the OAGF on July 29, 2025, to open two domiciliary accounts—one in US dollars and one in British pounds—for the PFIPC. These accounts were opened on July 30, 2025, but remain inactive with zero balance and no financial activity, including no foreign exchange transactions or authorized signatories. Abdullahi emphasized that the CBN has no direct communication with the PFIPC regarding these accounts. Additionally, the Head of the Civil Service of the Federation clarified that her office does not have constitutional authority to establish new government agencies.
Bias read (Center): The article presents a factual report of testimony provided by a CBN representative during a parliamentary inquiry into the PFIPC. It includes direct quotes from the official and provides context about the process of opening government accounts. There is no evident framing that favors one side over,
Why factuality (85): The article reports a statement by a CBN Director regarding the process for opening government accounts, citing specific dates and actions taken by the CBN. It aligns with the cross-source consensus that the CBN requires OAGF authorization for such activities. The information appears consistent with
Why objectivity (78): The article presents the CBN's position neutrally but includes some technical jargon and formal titles that may slightly skew the reader's perception. There is no overt bias, but the focus on the CBN's procedural stance might give the impression of institutional authority rather than impartial analy
Premium Times NigeriaIndependentCenter3 hr. agoThe House of Representatives Ad-hoc Committee investigating the Presidential Foreign Investment Promotion Council (PFIPC) has issued a final warning to Ministries, Departments, and Agencies (MDAs) that have ignored its summonses. The committee emphasized that its invitations are legally binding under the 1999 Constitution and stressed that non-compliance could result in sanctions. It stated that Thursday would be the last opportunity for MDAs to respond voluntarily, with failure leading to legal action. The investigation aims to ensure transparency and uphold constitutional authority, with the committee asserting that no agency can undermine its mandate.
Bias read (Center): The article presents the committee's actions and warnings in a neutral tone, focusing on legal obligations and procedural compliance. While the subject involves governmental oversight and potential conflict with powerful entities, the framing does not show clear ideological leaning. The language is恪
Vanguard NigeriaIndependentCenteryesterday Fake Agency Probe: OHCSF, CBN distance selves from PFIPC, reveal inactive accountsThe Nigerian House of Representatives' ad-hoc committee is investigating the alleged unauthorized creation of the Presidential Foreign Investment Promotion Council (PFIPC). The Office of the Head of the Civil Service of the Federation (OHCSF) and the Central Bank of Nigeria (CBN) have distanced themselves from the council, stating they were not involved in its establishment. OHCSF clarified that it does not have authority to approve new government agencies, and the PFIPC failed to provide necessary documentation for organizational approval. The OHCSF noted that the council operated using personnel seconded from other agencies and requested manpower approvals for 314 positions. Irregularities were found in the council’s legal documents, and OHCSF denied deploying staff or allocating office space. The CBN also reportedly distanced itself from the council's activities.
Bias read (Center): The article presents factual information regarding institutional responses to an investigation into the PFIPC's legitimacy. It reports on official statements from OHCSF and CBN without overtly criticizing or praising either institution. The framing remains neutral, focusing on procedural clarities,Ḋ
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