Reps Committee Links Adeyemi to Financial Crimes in PFIPC Probe

The House of Representatives Ad Hoc Committee, led by Hon. Yusuf Gagdi, has established preliminary evidence of financial and criminal activities allegedly associated with Prince Adeniyi Adeyemi, the detained Director-General of the purported Presidential Foreign Intervention Promotion Council (PFIPC). The committee's findings indicate that the PFIPC was never lawfully established, lacking any Act of the National Assembly or other legal instruments.

The investigation uncovered substantial evidence of fabrication, forgery, and unauthorized representation linked to the council's existence. The committee urged relevant government agencies to refrain from processing any financial transactions in favor of the PFIPC and tasked financial institutions to preserve all records related to the investigation.

Preliminary evidence has connected Adeyemi to approximately 58 bank accounts and over 30 accounts operated under various entities. The committee emphasized that its findings are preliminary and do not constitute a final determination of criminal guilt, which remains the responsibility of the courts.