Reps uncover 58 bank accounts, N400m deal linked to detained PFIPC DG

The House of Representatives Ad Hoc Committee investigating the purported Presidential Foreign Intervention Promotion Council uncovered 58 bank accounts linked to detained Director-General Adeniyi Adeyemi and an alleged N400m fraudulent transaction, according to Punch Newspapers.

Committee chairman Yusuf Gagdi said over 30 accounts were tied to nine related entities, raising ownership concerns. Investigators found no lawful instrument establishing PFIPC and alleged forged documents, including a fake presidential appointment letter. The panel exonerated Chief of Staff Femi Gbajabiamila, noting he alerted security agencies promptly. About 39 people were allegedly presented as staff of the unlawful organization.