It is getting messier. The Federal Government says it has no idea who the Presidential Foreign Investment Promotion Council is, or who its self-acclaimed Director-General is.

Here is the gist:

The House of Representatives ad hoc committee investigating the Presidential Foreign Investment Promotion Council, PFIPC, got a major update this week, and it is quite revealing.

Appearing before the committee, the Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Dunoma Umar Ahmed, made it clear that the PFIPC and its Director-General, Prince Adeniyi Adeyemi Matthew, are not recognised by the Federal Government.

According to cbinews.tv, Ambassador Ahmed told lawmakers that the ministry had reached out to the Office of the National Security Adviser, ONSA, for clarity. In a response dated 26th November 2025, the ONSA reportedly confirmed that both the Office of the Secretary to the Government of the Federation and the Office of the Chief of Staff to the President said Prince Adeyemi was unknown to any office of government.

He also revealed that the ministry turned down three separate requests from Adeyemi who was seeking collaboration to host a World Investment Summit in Nigeria in 2025 and 2026. Why? The letters had discrepancies, which prompted the ministry to carry out due diligence.

“The ministry did not take any action on the requests because of discrepancies observed in the letters and the ongoing investigation into the legitimacy of the PFIPC and the identity of its alleged Director-General,” he said.

Ambassador Ahmed was emphatic that the Ministry of Foreign Affairs has never had any official dealings with the council. No diplomatic engagements, no investment promotion, no agreements. Nothing at all.

But the committee chairman, Yusuf Gagdi, was not entirely satisfied. He questioned why the ministry failed to take decisive action after the ONSA had flagged the council as illegitimate as far back as November 2025.

“What have you done as an office that has the power and capacity to carry out further investigation in respect of this matter?” Gagdi asked.

Following that, the committee has now summoned the National Security Adviser, Nuhu Ribadu, to explain what steps were taken after his office confirmed the council’s status. The Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, has also been directed to appear before the panel to clarify issues from the ministry’s submission.

This latest development follows earlier testimonies where the Head of the Civil Service of the Federation denied ever allocating office space to the council, and the Central Bank of Nigeria disclosed that while two foreign currency accounts were opened in the name of the agency, they were never activated because the process was never completed.

Credit: cbinews.tv

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