The National Security Adviser, the Attorney-General of the Federation, the Inspector-General of Police, and several other top government officials are billed to appear before the House of Representatives Ad Hoc Committee today over the controversial Presidential Foreign Investment Promotion Council (PFIPC).
Other officials expected at the session include the Accountant-General of the Federation, the Minister of Foreign Affairs, and the Director-General of the Department of State Services.
The committee, chaired by Yusuf Gagdi, is investigating the legal basis, operations, funding, and inclusion of PFIPC in the 2026 federal budget.
Chairmen of the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission are also expected to appear, alongside the Auditor-General for the Federation, the Executive Secretary of the Nigerian Investment Promotion Commission, and the Chairman of the Fiscal Responsibility Commission.
Lawmakers plan to question the officials on their institutions’ knowledge of, or dealings with, the council.
The probe was triggered after it emerged that over ₦1.3 billion had reportedly been appropriated to PFIPC in the 2026 budget, despite unresolved questions about its legal status and mandate. The committee is examining how the body was set up, who is linked to it, and how it secured public funding, including scrutiny of its membership, financing, and alleged use of official government correspondence.
Speaker Demands Evidence-Based Probe
House Speaker Tajudeen Abbas, who inaugurated the ad hoc committee on Monday, urged members to anchor their investigation in facts rather than speculation, insisting that every government institution must be able to point to a valid legal framework for its existence.
At the panel’s first sitting, representatives of the Central Bank of Nigeria and the Office of the Head of the Civil Service gave testimony on the council’s dealings.
A CBN director, Hamisu Abdullahi, representing the bank’s governor, told lawmakers that two domiciliary accounts — one in US dollars, one in British pounds — were opened for the Presidential Economic Advisory Council/PFIPC after the apex bank received a mandate from the Accountant-General’s office on July 30, 2025. He said the accounts have never been operated and remain dormant with zero balances, since the council never provided authorised signatories.
Head of the Civil Service of the Federation, Didi Walson-Jack, told the committee her office neither established the council nor deployed civil servants to it. She said PFIPC had approached her office seeking approval for an organisational structure and manpower, but officials later uncovered irregularities in the documents the council presented as its legal foundation.
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