The controversy surrounding the alleged Presidential Foreign Investment Promotion Council (PFIPC) deepened on Wednesday as the Nigerian Senate rejected, for the second time in a week, a request to investigate the controversial budget allocation to the agency, amid mounting accusations and political tensions.
Former Vice President Atiku Abubakar and the Presidency traded blame over how the scandal should be handled; Atiku called for an independent investigation, questioning how an organization now described as non-existent gained access to government facilities, recruited personnel, and received public funds, including a N6.44 billion allocation for Nigeria’s 2026 World Cup qualifiers despite the country’s already being eliminated from the tournament.
Meanwhile, the Nigeria Police arrested Adeniyi Adeyemi, alleged Director-General of the PFIPC, following a court warrant after he failed to appear for arraignment on charges of conspiracy, forgery, and impersonation. President Bola Tinubu further ordered the Independent Corrupt Practices Commission to investigate the matter, with a report expected within 30 days. Atiku criticized the government for what he called an attempt to control the narrative and highlighted the scandal as a test of Tinubu’s commitment to transparency and accountability, raising concerns about questionable expenditures and the integrity of Nigeria’s budgeting process.
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