ABUJA — Drama and high tension unfolded at the National Assembly on Wednesday after police authorities failed to produce Prince Adeniyi Matthew Adeyemi—the disputed Director-General of the controversial Presidential Foreign Investment Promotion Council (PFIPC)—before the House of Representatives Ad-hoc Committee probing the fake agency.
The failure of the Inspector-General of Police (IGP) high command to present Adeyemi by the 12:00 noon deadline imposed by the committee has ignited sharp debate over judicial sub-judice boundaries, police compliance with legislative summons, and mounting public questions surrounding the suspect’s physical safety and detention status.
Key Developments Surrounding the NASS Summons
- The Mandate: The House Ad-hoc Committee, chaired by Rep. Yusuf Gagdi, had explicitly ordered police authorities to produce Adeyemi at Wednesday’s resumed hearing to answer critical questions regarding how a non-existent agency secured offices at the Federal Secretariat and attempted to corner a ₦1.32 billion allocation in the 2026 Appropriation Act.
- Police Position & Court Charges: Representing the IGP, Assistant Commissioner of Police (ACP) Bashir Abdullahi disclosed that Adeyemi was already in custody and had been arraigned before the Federal High Court on an eight-count charge bordering on conspiracy, fraud, and impersonation following petitions from the Office of the Chief of Staff to the President. Police cautioned against proceedings that could prejudice ongoing criminal trials.
- Safety & Whereabouts Questioned: Adeyemi’s non-appearance before lawmakers immediately raised concerns among committee members regarding his health, physical safety, and whether he is being held incommunicado following his serious public allegations against senior administration officials.
- Extent of Forgery Uncovered: The panel confirmed it has so far identified at least 29 forged documents—including fake State House approvals, a fake National Assembly Act, and intercepted Treasury correspondence—used to create the illusion of an established presidential council.

Summary of the PFIPC Controversy
AGENCY AT CENTER: Presidential Foreign Investment Promotion Council (PFIPC) / PEAC
PRIME SUSPECT: Prince Adeniyi Matthew Adeyemi (Alleged Fake DG)
ARRESTING AGENCY: Nigeria Police Force (NPF) / Federal High Court Arraignment
COMMITTEE CHAIR: Rep. Yusuf Gagdi (House Ad-hoc Probe Panel)
CORE ISSUES: 29 forged state documents; ₦1.32bn budget insertion attempt; safety of suspect
Legislative Panel Demands Accountability
Defending the panel’s insistence on producing Adeyemi directly, Rep. Gagdi emphasized that the integrity of key state institutions and named individuals remains at stake.
Lawmakers warned that while they respect court processes, security agencies cannot use ongoing prosecution as a shield to deny parliamentary oversight—demanding a formal, verifiable update on Adeyemi’s physical condition and custody location.









