OAGF and Presidency Clash Over 'Phantom' Council Fraud

The Office of the Accountant General of the Federation (OAGF) and the Presidency are at odds regarding the legitimacy of a council associated with Adeniyi Adeyemi, who is the Director General of the council. Adeyemi is accused of using fraudulent documents to open a Central Bank of Nigeria (CBN) account.

This controversy emerged alongside police raids at Adeyemi's family residence in Ogbomoso. The council's operations have raised questions about its existence and budget allocations, with a reported N1.3 billion allocated for 2026, of which N400 million was allegedly paid to a proxy of Femi Gbajabiamila.

The OAGF has stated that the council does not operate a CBN account and that no salaries have been paid to its staff. In contrast, Bayo Onanuga, a special adviser to the President, has called for an independent investigation into the matter, emphasizing the need to uncover a broader network behind the alleged fraud.

The situation continues to develop as police investigations proceed.