Fake Agency Probe Hits Another Roadblock as Reps Panel Battles Disagreements

Fake Agency: The House of Representatives’ investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC) has entered another curious chapter, with disagreements reportedly threatening to slow the panel’s efforts to produce its report. What began as a probe into how an allegedly unestablished agency found its way into Nigeria’s 2026 budget has increasingly looked like a bureaucratic mystery novel—with official letters, government offices, bank accounts and competing explanations all making appearances.

The House had constituted an ad hoc committee chaired by Yusuf Gagdi to investigate how the purported agency allegedly secured a budgetary provision of more than ₦1.3 billion despite questions surrounding its legal existence. The Presidency also directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the wider controversy.

Fake Agency Was Seen but the Paperwork Was Very Real

The investigation has uncovered a remarkable trail. The committee was told that accounts linked to the purported agency had been opened at the Central Bank of Nigeria, although the accounts reportedly had zero balances and no completed transactions. The Head of the Civil Service also told lawmakers that her office had not deployed staff to or officially allocated accommodation to the organisation, while acknowledging that certain administrative approvals had been processed based on documents presented to officials.

Then came another plot twist: the Accountant-General of the Federation told lawmakers that a purported State House letter used in the process was not actually issued by the State House. The committee subsequently said it had uncovered about 29 allegedly forged government documents connected to the controversial organisation. At this point, the investigation appears to have reached the stage where even the paperwork needs paperwork to explain itself.

Panel Disagreements On Fake Agency Threaten to Delay the Big Report

The latest disagreement surrounding the panel’s report adds another layer to an investigation already filled with conflicting accounts. The committee has previously summoned senior officials and sought explanations from ministries, departments and agencies over how the purported organisation managed to operate within government circles despite questions about its legal status.

The saga became even more complicated after the police said they could not produce alleged PFIPC promoter Adeniyi Adeyemi before the lawmakers because he remained in custody under a Federal High Court order. The committee was consequently reported to be considering a court order to secure his appearance. Meanwhile, allegations involving other officials remain matters for investigation and due process, with accusations and denials yet to be conclusively resolved.

For Nigerians watching the controversy, the central question is no longer simply how an alleged fake agency entered the system, but how so many official processes could interact with an organisation whose legal status was being questioned. As disagreements continue to hover around the panel’s report, OGM News NG will continue to watch developments and bring readers further updates as lawmakers, investigators and other relevant authorities work to establish what really happened.