Nigeria's ICPC uncovers more fake agencies, bank accounts linked to Adeyemi

An investigation by Nigeria's Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that Adeniyi Adeyemi, already accused of heading the illegal Presidential Foreign Intervention Promotion Council (PFIPC), established further fictitious government agencies. Adeyemi allegedly created the FCT Investment Promotion Agency (FIPA) and the Foreign Investment Promotion Agency and Public-Private Partnership (FIPA-PPP), using forged legislative documents similar to those previously used for PFIPC.

According to the ICPC's interim report, submitted to President Bola Tinubu, Adeyemi used these forged documents to open bank accounts for the two new agencies with Unity Bank. The commission stated that these actions provide a clearer picture of how Adeyemi expanded his network of purported government institutions after initially establishing PFIPC.

The investigation, initiated by President Tinubu's directive, found that Adeyemi was never officially appointed by the federal government and that PFIPC was not established through any valid government instrument. The ICPC has recommended his prosecution for alleged forgery, impersonation, and related offenses. Details of the interim investigation are being reported for the first time.