Businessman and social commentator Isaac Fayose has reacted to the ongoing controversy involving the Federal Government and an individual identified as Adeniyi Adeyemi Matthew, raising concerns about accountability, government oversight, and alleged financial irregularities.
In a video shared online, Fayose questioned how an individual could allegedly establish and operate what he described as a government-related parastatal, maintain an office, and reportedly operate an account with the Central Bank of Nigeria (CBN) without authorities intervening.
Fayose questions government institutions
According to Fayose, the situation reflects what he described as weaknesses within Nigeria’s public institutions.
“Nigeria has gone to the level where an individual can open a para-starter, collecting money on behalf of government, with office, even recognised by CBN, open account with CBN, and he can get away for years. That’s how porous we are.”
He argued that the alleged development suggests that the country’s systems are not functioning effectively, adding that it raises serious questions about regulatory oversight.
Mentions Gbajabiamila, cites long-standing allegations
Fayose also addressed the Chief of Staff to the President, Femi Gbajabiamila, claiming that allegations surrounding the collection of money for political appointments had circulated publicly for some time.
He said: “This thing don dey smell for your corridor… the issue of you collecting money for people to be minister, or for people to be DG… this story has been in town for a while.”
Fayose further criticised what he described as the response to the allegations, calling it “very watery.”
It is important to note that these claims reflect Fayose’s comments and allegations. They have not been established by a court, and no evidence was presented in the video to substantiate them.
Calls for investigation
Fayose questioned why agencies such as the Economic and Financial Crimes Commission (EFCC), the Department of State Services (DSS) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) had not announced arrests in connection with the matter.
He also linked the alleged loss of public revenue to Nigeria’s infrastructure challenges, arguing that poor accountability contributes to deteriorating roads and other public services.
Concluding his remarks, Fayose lamented the country’s state of governance, repeatedly describing Nigeria as “Jaga Jaga,” a phrase commonly used to express frustration over perceived disorder and poor administration.
Watch the video here…
“Nigeria has gotten to a point where an individual can open a fåke presidential office and collect money from people in the name of the government. What a country. Yet, up till now, the EFCC and DSS have not arrested anyone.”
— Isaac Fayose reacts to the alleged Presidential… pic.twitter.com/SarMVHnHsG
— CHUKS 🍥 (@ChuksEricE) July 3, 2026
