The Nigeria Police Force (NPF) has uncovered details of how the alleged operator of the fictitious Presidential Foreign Intervention Promotion Council (PFIPC), Prince Adeniyi Adeyemi, reportedly spent about ₦400 million on vehicles, relatives and luxury items.
The findings were contained in a police investigation report dated July 24, 2026, which examined allegations of criminal conspiracy, forgery, impersonation, obtaining money under false pretences, theft of public funds and money laundering.
According to the report, investigators found no evidence supporting Adeyemi’s claim that he converted the ₦400 million into dollars or transferred any part of the money to the Chief of Staff to the President, Femi Gbajabiamila.
The report also identified what investigators described as inconsistencies in Adeyemi’s account of how he allegedly secured his purported government appointment.
Investigators reportedly found no transaction showing that Gbajabiamila received money from Adeyemi.
Adeyemi had allegedly claimed that he paid ₦400 million to facilitate his appointment, but the police said aspects of his statements contradicted one another.
According to the report, the suspect claimed in one account that his appointment was secured in March 2024, while also alleging that the ₦400 million payment was made to obtain an appointment in 2025.
Police investigators said financial records examined during the probe instead showed that the money was allegedly spent on personal expenses, including vehicles, luxury purchases and payments connected to relatives.
The investigation also revealed that Adeyemi allegedly obtained an additional ₦100 millon loan from a microfinance bank to sustain what the report described as an expensive lifestyle.
Five Government Officials Questioned
The police investigation also identified five senior public officials who allegedly played roles that enabled Adeyemi to gain access to government processes and institutions.
The officials included two directors attached to the Office of the Accountant-General of the Federation and the Office of the Head of the Civil Service of the Federation.
Others were a Special Assistant in the Budget Office, an Assistant Director in the Ministry of Budget and Economic Planning, and an official seconded from the Office of the Secretary to the Government of the Federation.
The report said the five officials were questioned over their alleged involvement in facilitating activities linked to the purported council.
Police investigators reportedly recommended that their cases be considered for prosecution, subject to the legal opinion of the Director of Public Prosecutions.
Apart from the five government officials, the police said 22 other individuals whose names surfaced during the investigation were questioned.
The probe examined how the alleged PFIPC operated, obtained official recognition from some government institutions and conducted financial transactions despite allegedly lacking lawful establishment.
Investigators also traced inflows into accounts linked to Adeyemi and reviewed how the funds were subsequently spent.
The police report has reportedly been forwarded to the Office of the Attorney-General of the Federation and Minister of Justice, as well as other security agencies and relevant ministries, departments and agencies.
Adeyemi has been accused of presenting himself as the Director-General of the PFIPC and, at different times, operating under the name of the Presidential Economic Advisory Council.
Authorities have alleged that documents were forged and government processes exploited to present the organisation as a legitimate federal institution.
The latest police findings form part of wider investigations by law enforcement and anti-corruption agencies into how the alleged fictitious Agency gained access to government facilities and interacted with public institutions.
The report reads in part: “The Nigeria Police Force is investigating a case of alleged criminal conspiracy, forgery, impersonation, obtaining money under false pretences, theft of public funds and money laundering reported through a written petition No.SH/COS/80/A/42 dated 17th October, 2025 by Rt. Hon. Femi Gbajabiamila, the Chief of Staff to the President, Federal Republic of Nigeria, addressed to the Director-General, Department of State Services (DG DSS), which was copied to the Inspector-General of Police for action.
“In the letter of complaint, attention of the Director-General, DSS and the Inspector-General of Police was drawn to the activities of fraudsters and impostors forwarding official appointment letters purportedly from the Chief of Staff to the President.
“The Inspector-General of Police directed the IGP-Monitoring Unit to investigate the case.
“The IGP-Monitoring Unit immediately commenced investigation; arrested the principal suspect, Prince Adeniyi Adeyemi Matthew, Director-General of a fictitious Presidential Economic Advisory Council (PEAC)/Presidential Foreign Intervention Promotion Council (PFIPC) on 27th October, 2025.
“His statement was obtained under words of caution in which he claimed that he got the fake appointment letter from one Babatunde Dolapo Tanimola (late). The suspect was subsequently charged to Court in November, 2025 for the offences of Criminal Conspiracy and Forgery.
“The Inspector-General of Police also received a petition letter No. SH/COS/80/A/50 dated 29th June, 2026 from the same complainant, Rt. Hon. Femi Gbajabiamila, Chief of Staff to the President, Federal Republic of Nigeria, against the same Prince Adeniyi Adeyemi Matthew.
“The complainant attached petition letters Nos. SH/COS/80/A/42 and SH/COS/80/A/45 dated 17th October, 2025 and 27th April, 2026 respectively, earlier addressed to the Director-General, Department of State Services.
“The petition was subsequently approved and referred to the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) through letter No. CB: 3380/IGP.SEC/ABJ/VOL.46/178 dated 1st July, 2026 for discreet investigation and report.
“The complainant, Rt. Hon. Femi Gbajabiamila, in his petition, made the following allegations:
(i) That one Prince Adeniyi Adeyemi Matthew had been parading himself as the Director-General of a fictitious Presidential Economic Advisory Council (PEAC)/Presidential Foreign Intervention Promotion Council (PFIPC) and that the Chief of Staff to the President signed the appointment letter purportedly appointing Prince Adeniyi Adeyemi Matthew as the Director-General of the Agency in question;
(ii) That the suspect used his fictitious capacity to secure an office in the Federal Secretariat Complex, FCT, Abuja;
(iii) That the suspect secured a recruitment waiver to employ about Three Hundred (300) staff through the office of the Head of Service of the Federation;
(iv) He also requested the inclusion and secured approximately One Billion, Three Hundred Million Naira (#1,300,000,000.00) for the said Agency in the 2026 Appropriation Act;
(v) That the suspect had further gone ahead to plan and arrange a World Investment Summit scheduled to take place in 2026.
“On receipt of the complaint, the investigative team commenced investigation by obtaining a voluntary statement from the complainant, Rt. Hon. Femi Gbajabiamila.
“The team also obtained the complainant’s specimen signature, and he equally attached copies of some letters he signed sometimes in the year 2024, about the period the suspect claimed he was purportedly issued the suspected forged letters of appointment by the complainant as his known specimen signature for forensic analysis.
“Letters of investigation activities requesting for information were written and dispatched to the Permanent Secretary, State House, Offices of the Secretary to the Government of the Federation, Accountant-General of the Federation, Director-General Budget Office of the Federation, Head of Service of the Federation, Federal Ministries of Finance, Budget and Economy, the Clerk of the National Assembly, the Registrar, Supreme Court of Nigeria, Central Bank of Nigeria, Corporate Affairs Commission, Nigerian Financial Intelligence Unit (NFIU), Financial Institutions and National Hospital, Abuja.
“The team also forwarded to the Forensic Section of the Force C.I.D, Abuja for analysis and report, the specimen signatures of the complainant, Rt. Hon. Femi Gbajabiamila, Chief of Staff to the President and one Mr. Segun Imohiosen, who denied signing certain disputed documents purportedly bearing their signatures.
“The team has so far obtained voluntary statements from the Complainant and Seven (7) witnesses. Also, cautionary statements were recorded from twenty-two (22) suspects, whose names appeared in the course of the investigation.
“These include the cautionary statement of the principal suspect, Prince Adeniyi Adeyemi Mathew and statements obtained from officials of the Ministries, Departments and Agencies listed above.”
The police gave the details of how Adeyemi lured a businessman to part with ₦400 million in anticipation of a renovation contract.
Apart from allegedly collecting money from some unnamed individuals, the police indicated in the report that he obtained ₦100 million loan from a microfinance bank.
The report added: “Analysis conducted on the principal suspect’s World Entre University Nigeria Ltd, GTBank account No. 0695674387 revealed that the suspect received the total sum of Three Hundred and Eighty Million Naira (N380,000,000.00) in four (4) tranches from Divine Dopacy Nigeria Ltd, a company owned by one Oyekunle Gbenga Collins, who was allegedly lured by the suspect to part with the funds under the false pretence of facilitating the award of a Two Billion, Eight Hundred Million Naira (#2,800.000,000.00) contract for renovation of an official residence allocated to the suspect by the EFCC.
“Further analysis on the account revealed that the suspect used the proceeds for the purchase of two (2) personal vehicles and equally transferred large sum from the proceeds to his personal accounts and other family members which was subsequently laundered against his claim of converting the total N400 million to USD and handed over to the complainant (Gbajabiamila) through late Babatunde Dolapo Tanimola.
“Analysis conducted on the principal suspect’s Sunshine Confectionary and Catering Services Access Bank Plc Account No. 1379777557 revealed that the suspect received the sum of N20 million from the same Divine Dopacy Nigeria Ltd owned by Oyekunle Gbenga Collins.”
“The suspect also laundered the proceeds through his personal expenses and donations as against his claim of converting the total ₦400 million to USD and handing it over to the complainant through (the) late Babatunde Dolapo Tanimola.”
Outcome Of Forensic Analysis
The police indicated that its forensic analysis confirmed forgery of the appointment letter and other correspondences by Adeyemi.
The police said: “Response letter No.CR: 3000/X/FCID/FHQ/ABJ/VOL.9/30 dated 18th March, 2026 from Handwriting Experts sent to the IGP-Monitoring Unit through Deputy-Inspector-General of Police, Force Criminal Investigation letter No. (FCID) “CR:3000/X/FHQ/ABJ/VOL.324/76 dated 31st March, 2026 confirmed that the signatures on the disputed documents are not the same with the signature of the complainant. This confirms the purported letters of appointment were not issued by the complainant.
“One Mr. Segun Imohiosen, the former Director, Information and Public Relations, Office of the Secretary to the Government of the Federation alleged to have signed Mandate and Terms of Reference for pioneering office of the Presidential Foreign Investment Promotion Council dated 6th January, 2025 reported on 17th July, 2026 and confirmed that he did not sign the purported document.
“He also confirmed that the signature in the purported document is not his signature and his office was not responsible for the issuance of mandate. He subsequently provided his specimen signature for forensic analysis.
“Investigation revealed that the Principal suspect, Prince Adeniyi Adeyemi Matthew forged a letter of appointment purportedly signed by the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila and a purported Act establishing the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council, CHAPTER N2117.
“The suspect fraudulently smuggled the forged documents to the Offices of the Secretary to the Government of the Federation, the Head of Service of the Federation, Accountant-General of the Federation and Director-General, Budget Office of the Federation.
“The staff in the office of the Secretary to the Government of the Federation, the Head of Service of the Federation, Accountant-General of the Federation and Director-General, Budget Office of the Federation negligently processed and approved all requests made by the suspect which led to the fictitious Agency getting Administrative Code, office space at the Federal Secretariat, official vehicles, Authorized Establishment, Administrative Waiver to recruit Three Hundred (300) Staff, Secondment of Officers, opening of two Accounts with the CBN, which include one (1) USD and one (1) GBP Accounts, Provisional Self-Accounting Status for six months and Inclusion in the 2026 Appropriation budget.
“The staff in these offices failed to conduct due diligence, thereby allowing the forged documents smuggled by the principal suspect to get approvals.
“It has also been established that the Request for Administrative Code for Presidential Foreign Investment Promotion Council purportedly written and signed by one Akanbi Adewale, Director, Administration and Support Services, State House did not emanate from the State House as investigation revealed that both the signatory and the Department have never existed in the organogram of the State House.
“The original copy of the response for the Administrative Code from office of the Accountant-General of the Federation, addressed to State House was mysteriously received by the principal suspect, Prince Adeniyi Adeyemi, who is not a staff of State House.
“The principal suspect, Prince Adeyemi, allegedly used the fictitious Agency to fraudulently award contract of (N2.87 billion) to refurbish a property allegedly allocated to his office by the EFCC, which enabled him to obtain the sum of N400 million from Gbenga Oyekunle Collins, as facilitation fee for the contract.
“He also took a loan of N100 million from a micro-finance bank and also obtained unspecified amounts of money from unsuspecting members of the public under the guise of issuing to them, Diplomatic Passports, Note-verbale and visas.”
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