Adeniyi Adeyemi, who identifies as the Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), has offered to submit documents to security agencies to support the ICPC's investigation into the existence of the agency. President Bola Tinubu directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to probe the council after it appeared in the 2026 Appropriation Act with a N1.3bn allocation despite the Presidency stating it was never established. Adeyemi made the offer during an interview with social media personality VeryDarkMan, saying he is ready to assist any panel set up by the President and will soon visit the DSS or police to hand over materials. He claimed the documents could show how the council came into being and whether official processes were followed.
Adeyemi questioned how the council was included in the national budget while he was in detention for 23 days during the budget preparation period, stating he neither prepared nor defended any budget. He declined to confirm or deny claims made by the President's Chief of Staff, Femi Gbajabiamila, urging instead that an independent investigation determine the facts. He maintained that his work with the council aimed to attract foreign investment into Nigeria, saying, "It's all about passion for the country." He also alleged surviving an attack by gunmen near Zuma Rock in September 2025.
The Presidency has denied creating the council and confirmed that forensic analysis found the signature on Adeyemi's appointment letter to be forged. It stated there is no connection between Gbajabiamila and the alleged scheme. The ICPC has been asked to investigate the use of forged documents linked to the council, including appointment letters and bank accounts opened in the name of non-existent government agencies. President Tinubu has demanded a comprehensive report within 30 days.
Adeyemi claims he was detained during the budget process yet the council he led appeared in the 2026 Appropriation Act with N1.3bn. He now offers documents to investigators while asserting he had no role in budget placement. The same documents he promises may either confirm his detachment or implicate others in a breach of financial procedure. For Nigerians, the presence of a phantom agency in the budget raises the question of who enabled its inclusion.
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