The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that it uncovered two additional fake government agencies allegedly set up by Adeniyi Adeyemi, who claimed to be the Director-General of the controversial Presidential Foreign Investment Promotion Council (PFIPC).
The anti-corruption agency said the newly discovered organisations are the FCT Investment Promotion Agency (FIPA) and the Foreign Investment Promotion Agency/Public-Private Partnership (FIPA-PPP), which were allegedly created to expand the fraudulent operation.
ICPC Chairman Musa Aliyu disclosed the findings on Thursday after submitting an interim investigation report to President Bola Tinubu at the Presidential Villa in Abuja.
The investigation followed Tinubu’s directive on July 7, ordering the commission to probe allegations surrounding the purported PFIPC within 30 days.
According to Aliyu, investigators established that Adeyemi was never appointed by the Federal Government and that the PFIPC does not legally exist.
“The ICPC also discovered that Adeniyi Adeyemi created two additional fictitious government agencies apart from the one already known in the public domain,” he said.
“To facilitate the creation of these agencies, he used fake legislative instruments styled as enabling Acts and relied on them to open bank accounts.”
Aliyu further disclosed that Adeyemi allegedly opened two commercial bank accounts for the fake agencies to support their activities.
He said the commission has recommended that Adeyemi be prosecuted, while public officials whose negligence allegedly enabled the scheme should face disciplinary measures. He also called for stronger internal controls across ministries, departments and agencies to prevent similar incidents.
The ICPC chairman added that investigations are continuing to identify other suspects and gather more evidence before the matter is taken to court.
