House of Reps Investigates Presidential Investment Council

The House of Representatives in Nigeria has launched an investigation into the Presidential Foreign Investment Promotion Council (PFIPC) by inaugurating an ad hoc committee. The committee, established by Speaker Mr. Tajudeen Abba, aims to assess the legitimacy of the PFIPC and its functions, particularly regarding any duplication of statutory roles with existing government institutions.

The committee will evaluate the implications for public administration and fiscal responsibility, receiving memoranda and testimonies from relevant ministries, departments, agencies, and civil society organizations. Mr. Yusuf Gagdi has been appointed as the chairman of the committee and has committed to serving the interests of the Nigerian people.

He emphasized the significance of the investigation in addressing independent corrupt practices related to the PFIPC. Additionally, Mr. Musa Adamu Aliyu from the ICPC is required to submit relevant documents to the committee.

Didi Esther Walson Jack also provided documents during the proceedings.