PFIPC Scandal: Adeyemi Charged with Fraud and Forgery

Prince Adeniyi Adeyemi Matthew has been charged with eight counts of fraud and forgery in connection with the PFIPC scandal, which involves a non-existent agency and a budget allocation of ₦1.3 billion for the 2026 budget. Allegations suggest that Adeyemi used counterfeit appointment letters bearing the signature of Femi Gbajabiamila, the Chief of Staff, to establish legitimacy for the agency.

The scandal highlights systemic failures within Nigeria's budget process, as Adeyemi allegedly opened multiple accounts with the Central Bank of Nigeria linked to fictitious entities. The EFCC has initiated investigations, recovering items related to the case.

Adeyemi's actions have raised concerns about the integrity of the federal civil service, with claims that fake documents were accepted without adequate verification. The situation underscores the need for urgent reforms in Nigeria's financial oversight and accountability mechanisms.