The House of Representatives Ad-hoc Committee, which is investigating the alleged establishment of the Presidential Foreign Investment Promotion Council, PFIPC, has summoned the National Security Adviser, NSA, and Minister of Foreign Affairs for questioning on how the council allegedly operated despite concerns over its legitimacy.
The NSA was particularly summoned to explain why his office did not stop the promoter of PFIPC, Prince Adeniyi Matthew Adeyemi, from progressing with the agency after the Foreign Affairs Ministry exposed it as an illegal entity.
The committee also issued a final ultimatum to some concerned Ministries, Departments and Agencies, MDAs, to appear before it tomorrow.
The summons followed the submission of a memorandum by the Permanent Secretary, Ministry of Foreign Affairs, Mr. Dunoma Umar Ahmed, which stated that the ministry had no official dealings with the council and had, instead, sought clarification from the Office of the National Security Adviser after detecting irregularities in its correspondence.
Appearing before the panel yesterday with a letter dated July 21, 2026, Ahmed disclosed that Prince Adeyemi, who presented himself as Director-General of the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council, PEAC/PFIPC, approached the ministry three times seeking its collaboration and endorsement to organise a World Investment Summit in Nigeria.
The ministry said the requests were received on June 26, 2025, August 5, 2025, and June 5, 2026, but were not acted upon.
“Guided by extant rules and regulations as well as the necessity of carrying out due diligence before obliging any request, the ministry did not take any action on the requests.
“The ministry’s refusal to oblige the requests was further necessitated by some of the discrepancies observed in the letters submitted by Prince Adeyemi and the ongoing investigation on the legitimacy of the PFIPC and the personality of its alleged Director-General,” the letter read.
