The Office of the Accountant-General of the Federation (OAGF) has declared that the controversial Presidential Foreign Intervention Promotion Council (PFIPC) holds no operational account with the Central Bank of Nigeria (CBN), clarifying that no public funds or civil service salaries have been paid to the embattled organisation.
The declaration provides a critical buffer for the federal treasury amidst a swirling institutional scandal involving allegations of forgery, massive financial political kickbacks, and the operational footprint of a "ghost agency" right inside the Federal Secretariat in Abuja.
Director of Press and Public Relations at the OAGF, Bawa Mokwa, confirmed over the weekend that while a preliminary application to open a central bank account was initiated after the council’s promoter presented an appointment letter, the process was never completed. He emphasised that the critical statutory documentation required to activate government bank accounts was completely omitted.
The statement directly responds to an earlier administrative wildfire ignited by Special Adviser to the President on Information and Strategy, Bayo Onanuga. Onanuga had publicly alleged that the council's promoter, Prince Adeniyi Adeyemi Matthew, successfully used falsified seals and signatures to open apex bank portals.
The OAGF's position confirms that federal treasury safeguards successfully blocked any actual movement of funds, ensuring that public resources remained secure despite administrative breaches.
The financial status of the PFIPC became a matter of national security and heavy political debate after the organisation allegedly found its way into the 2026 national budget with an allocation totaling ₦1.3 billion for personnel and overhead costs. The disclosure prompted severe public blowback, alongside rumours that illegal staff recruitments were already drawing monthly salaries directly from federal coffers.
Mokwa strongly dismissed these claims, explaining that the integrated government payroll architecture makes it structurally impossible to pay unverified workers. He stated that no individual can be captured on the state system without strict compliance reviews from the Budget Office and the Federal Character Commission.
Chief of Staff to the President, Femi Gbajabiamila, initially issued a stern disclaimer disowning the PFIPC entirely as a fictitious entity and labelling Adeyemi an outright impostor.
Adeyemi alleged that the public disclaimer was a malicious cover-up, claiming he had paid a ₦400 million bribe through a proxy to top executive officials to facilitate his administrative posting.
Adeyemi is currently facing an eight-count criminal charge in a Federal High Court in Abuja, where the state is prosecuting him for conspiracy, impersonation, and the extensive forgery of official letters.