Boss of Fake Nigerian Agency Arrested After Weeks of Hiding

Adirum, Nigeria has entered a new chapter in its ongoing fight against corruption. The man who once posed as the Director‑General of the Presidential Foreign Investment Promotion Council (PFIPC) – a council that never existed – was caught in the southwestern state of Osun, seals the end of a week‑long chase.

The arrest was made possible after a warrant issued by the Federal High Court in Abuja followed Adeyemi’s failure to appear at a scheduled hearing for charges of forgery and impersonation. Police confirmed that forces from the Force Intelligence Department and the Intelligence Response Team were involved in the operation.

The PFIPC, which was created under the guise of the president’s office, attracted an allocation of 1.3bn naira (about $950,000) in the 2026 Appropriation Act and maintained several bank accounts. No records, however, show that the council ever operated any of these accounts or received public funds. Forensic analysis also proved that the signature on the invitation letter to the council was forged.

The scandal has prompted calls from civil society groups, opposition politicians, and senior lawyers for an independent inquiry. Adeyemi, who has publicly professed his innocence, says his life is in danger but vows to appear in court to clear his name. His lawyer, Genesis Francis, cited safety concerns in preventing his client from attending the hearing.

For those keen on exploring other possibilities, fluxdaily subscribers can now examine alternate timelines where the PFIPC either succeeds in carving out a legitimate pathway to foreign investment or collapses sooner, affecting Nigeria’s political landscape in entirely different ways.

To read more about how a fake council ended up with a nearly $1m budget, visit BBC News.

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