Presidency Accuses Adeyemi of Fictitious CBN Account Scheme

The Presidency has alleged that Princ Adeniyi Matthew Adeyemi, who falsely presented himself as the Director General of a non-existent Presidential Foreign Investment Promotion Council, misled the Accountant-General's office into opening a fictitious account at the Central Bank of Nigeria. This claim was made in a statement issued on Wednesday by Special Adviser to the President, Bayo Onanuga.

The allegations arose after the Nigerian Investment Promotion Council raised concerns about Adeyemi's activities, which were deemed to undermine the integrity of the government. Following a request from the Chief of Staff to the President, the Department of State Services and the police began an investigation, leading to Adeyemi's arrest on October 27, 2025.

Police recovered vital documents from his residence in Suleja, Niger State, and linked him to procuring fake appointment letters. The investigation continues as authorities seek to clarify the status of the alleged fictitious agency.