The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered two additional fake government agencies, significantly widening its ongoing investigation into a highly sophisticated fraud network. These newly discovered entities are allegedly linked to Adeniyi Matthew Adeyemi , the self-acclaimed Director-General of the fraudulent Presidential Foreign Intervention Promotion Council (PFIPC), suggesting a broader web of unauthorized operations.

This major enforcement development was officially disclosed by the ICPC Chairman, Dr. Musa Adamu Aliyu , on Thursday following a high-profile briefing at the Presidential Villa in Abuja. Dr. Aliyu revealed the details after presenting the commission’s interim investigation report directly to President Bola Tinubu, highlighting the high priority the federal government places on dismantling parallel, unauthorized administrative structures.

The ICPC Chairman, Dr. Musa Adamu Aliyu, revealed that investigators have firmly established Adeniyi Matthew Adeyemi was never officially appointed by the Federal Government. The Presidential Foreign Intervention Promotion Council (PFIPC) operated entirely without legal foundation, as it was neither established through an Act of the National Assembly nor authorized by any presidential executive order.

Furthermore, the commission’s investigation uncovered that the appointment letter Adeyemi used to claim authority was completely forged. Armed with these fabricated credentials, the fake council unlawfully occupied administrative offices and illegally utilized official materials that originally belonged to the defunct Presidential Economic Advisory Council (PEAC).

According to Dr. Aliyu, the syndicate successfully operated from the former PEAC office by exploiting existing gaps in institutional verification procedures and coordination across government agencies. This lack of administrative oversight allowed the network to carry out widespread impersonation, false representation, and various other illegal activities under the guise of an official government entity.

The ICPC chairman revealed that investigators also uncovered two additional fictitious agencies, the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency.

“These agencies were created using forged legislative instruments and were used to open bank accounts for illegal activities,” Aliyu said.

He further disclosed that Adeyemi later changed the organisation’s name from the Foreign Investment Promotion Council to the Foreign Intervention Promotion Council in what investigators believe was an attempt to expand its activities into revenue generation.

Aliyu stressed that investigators found no evidence that public funds were approved or disbursed to the fake PFIPC or PEAC, adding that the inquiry uncovered no operational weaknesses within the State House or the Central Bank of Nigeria.

“The investigation found no funds were approved or disbursed for the fake PFIPC/PEAC, and there were no weaknesses in the State House or CBN system,” he stated.

The commission recommended the prosecution of Adeyemi, disciplinary measures against public officials suspected of aiding the operation of the fake agencies, and reforms to strengthen internal controls across government institutions.

Aliyu said officials from the Office of the Secretary to the Government of the Federation, the Office of the Head of the Civil Service of the Federation, the Office of the Accountant-General of the Federation, the Budget Office of the Federation and the National Information Technology Development Agency were identified as collaborators in the alleged scheme.

He noted that the investigation remains ongoing and could expose additional details before criminal charges are filed.

The ICPC chairman added that President Tinubu had been fully briefed on the interim findings, reaffirming the administration’s commitment to transparency, accountability and the prosecution of those found culpable.