AGAIN, REPS COMMITTEE UNCOVERS 12 OTHER ALLEGEDLY FAKE AGENCIES, 58 BANK ACCOUNTS LINKED TO ADENIYI ADEYEMI

By Olushola Akinyele | Presstv News Nigeria

The House of Representatives committee investigating the activities of the purported Public-Private Infrastructure and Financing Commission (PFIPC) has uncovered 12 additional agencies it described as allegedly fake, as well as 58 bank accounts reportedly linked to the organisation’s Director-General, Adeniyi Adeyemi.

The latest findings have widened the scope of the ongoing investigation into the activities of the purported commission, with lawmakers raising fresh concerns over alleged forgery of government documents, the creation of fictitious institutions and possible abuse of public office.

According to the committee’s preliminary findings, financial and investigative records indicated that bank accounts associated with Adeyemi’s Bank Verification Number and other identifying details were linked to several organisations and entities.

The committee said more than 30 of the accounts were apparently operated in the names of about nine agencies, companies, foundations or related entities, while other accounts were registered under personal names or name variations associated with Adeyemi.

Among the entities identified by the lawmakers are the Confederation of United Nations Youths, FCT Investment Promotion Agency and Public-Private Partnership, FCT Investment Promotion Council and Public-Private Partnership, Foreign Investment Promotion Agency, United Nations Youth Global Agency and United Nations Youth Global Foundation.

Others reportedly include the World United Nations Youth Global Foundation, World Entrepreneurship University Limited, World Enterprise University Limited, FCT Investment Promotion Act, FCT Promotion Agency and Olubadan of Ibadan Foundation.

The committee, however, stressed that the identification of the accounts and entities did not automatically establish that every account or organisation was illegal, Presstv News Nigeria can report.

It said it was still reconciling registration documents, beneficial ownership information, account mandates, signatories and transaction histories to establish the actual nature and control of the accounts.

The lawmakers also alleged that Adeyemi was connected to the use of forged government documents in an effort to give the purported PFIPC an appearance of legitimacy.

The committee said documents presented during the investigation included an alleged appointment letter purportedly issued by the Presidency, an alleged executive order and a purported Act of the National Assembly said to have established the organisation.

According to the lawmakers, preliminary evidence obtained from relevant government institutions indicated that some of the documents were not authentic.

The committee further alleged that a letter purportedly originating from the State House was used to seek the creation of an administrative code for the PFIPC, despite evidence that the office and official cited in the document did not exist in the stated capacity.

The lawmakers said the alleged document fraud exposed significant weaknesses in government’s internal verification and control systems.

They questioned how an organisation whose legal existence was allegedly not established could obtain government-related documentation, occupy office space within the Federal Secretariat and secure official-looking vehicle number plates.

The committee is also examining how individuals presented as employees of the purported agency were recruited and whether they received salaries, allowances or other benefits.

It said it would distinguish between persons who may have been deceived into believing the organisation was a legitimate government institution and those who knowingly participated in or benefited from its activities.

Alleged N400m Transaction Under Investigation

The committee is also investigating an alleged N400 million transaction involving a businessman who told lawmakers that he paid the money after Adeyemi allegedly represented himself as a legitimate government official capable of facilitating a government contract.

The businessman reportedly told the committee that the payment was made in five instalments between May and July 2025.

The committee said it was tracing the destination of the funds, identifying account holders and beneficial owners and determining whether any public official or private individual benefited from the transaction.

It noted that conflicting accounts surrounding the payment had emerged during separate investigations and that the matter remained subject to further examination.

Committee Calls for Prosecution

Following its preliminary findings, the House committee called for appropriate legal action against Adeyemi, including possible prosecution, subject to the conclusion of investigations by the relevant security and anti-corruption agencies.

The committee said evidence capable of supporting criminal charges would be transmitted to the appropriate investigative and prosecutorial authorities.

It also urged relevant agencies to conclude their investigations, preserve documentary and financial evidence, trace suspected proceeds and prosecute any individual against whom sufficient admissible evidence is established.

The lawmakers emphasised that their findings remain preliminary and do not constitute a final determination of criminal guilt.

Adeyemi is already facing criminal allegations relating to forgery and impersonation, while the wider investigation continues to examine how the purported PFIPC allegedly operated within government structures.

The committee said the investigation had exposed broader institutional weaknesses, particularly in the verification of newly established government agencies, administrative and budgetary codes, official correspondence, appointments attributed to the Presidency and government office allocations.

It is expected to submit its final report to the House of Representatives for consideration after completing the reconciliation of the financial records and other evidence before it.

The committee maintained that any individual found culpable after due process should face the appropriate legal consequences, while those not found to have committed wrongdoing should not be unjustly implicated.