The Managing Director of Divine Dopacy Nigeria Limited, Collins Oyekunle, has alleged he paid ₦400 million to former Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), Mathew Adeyemi, as a condition for securing a ₦2 billion contract. Oyekunle made the claim before the House of Representatives ad hoc committee investigating the PFIPC, stating the payment was transferred in batches in 2025 into corporate accounts linked to Adeyemi and his associates. He said the funds were not sourced solely from his personal account but raised from colleagues and associates.

Lawmakers questioned why the money was sent to corporate accounts not verified as government-owned and asked whether Oyekunle conducted due diligence before the transfers. The committee confirmed it will review bank records, communications, and other documents tied to the transaction. It plans to invite all individuals and organisations connected to the allegations for questioning. The panel is also examining broader claims of forgery, impersonation, and financial misconduct linked to the disputed council.

Adeyemi remains in police custody over separate allegations tied to the PFIPC. He and his legal team have previously requested an opportunity to appear before the House committee. The current allegations form part of an expanding investigation into the operations of the council, which has faced scrutiny over its legitimacy and financial dealings.

💡 NaijaBuzz Take

Collins Oyekunle claims he paid ₦400 million to Mathew Adeyemi through unverified corporate accounts to secure a ₦2bn contract, raising questions about due diligence and verification processes. If true, it suggests private actors may have exploited unclear institutional channels, putting both public trust and business participants at risk. The committee's next steps in verifying the accounts and transaction trail will determine whether this was an isolated case or part of a broader pattern.

Editorial note: AI-assisted opinion. All persons mentioned are presumed innocent until proven guilty. Full disclaimer →