Adeyemi Faces Charges in ₦1.3bn Ghost Agency Scandal

Princ Adeniyi Adeyemi Matthew is embroiled in a scandal involving the alleged existence of a ghost agency, the Presidential Foreign Intervention Promotion Council, which he claims to head. He faces eight counts of forgery and impersonation in a Federal High Court in Abuja.

Despite the charges, Adeyemi insists on the legitimacy of the agency, which he claims was established to attract foreign investment to Nigeria. The agency reportedly received ₦1.3 billion in the 2026 Appropriation Act, raising public scrutiny and criticism regarding its legitimacy.

The Presidential Chief of Staff, Femi Gbajabiamila, has denied the agency's existence, stating it lacks legal backing. Investigations have revealed multiple bank accounts allegedly linked to Adeyemi, who was arrested on October 27, 2025.

The next court appearance is scheduled for July 27, 2026. This is not the first time Adeyemi has attracted public attention, having previously faced scrutiny in 2016 regarding claims of affiliation with a United Nations organization.