By NEWSCOUNT DESK
The Nigeria Police Force has alleged that Prince Adeniyi Adeyemi Matthew, the man accused of presenting himself as the Director-General of the fictitious Presidential Foreign Intervention Promotion Council (PFIPC), spent about N400 million on cars, relatives and luxury items.
The development forms part of the findings from investigations into the activities of Adeyemi, who has been accused of forging government documents, impersonating public officials and operating a non-existent government agency.
According to the police investigation, Adeyemi allegedly used proceeds connected to the scheme for personal expenses, including the acquisition of vehicles, payments to relatives and other luxury purchases.
The police findings further contradicted some of Adeyemi’s claims concerning the source and use of the funds linked to the organisation he purportedly headed. The investigation reportedly traced substantial transactions to accounts associated with him and entities connected to the alleged fictitious agencies.
The controversy surrounding Adeyemi came to public attention after he began presenting himself as Director-General of the Presidential Foreign Intervention Promotion Council, also referred to in some documents as the Presidential Economic Advisory Council. The Presidency has repeatedly maintained that the agency does not exist.
The Police said their investigation established that Adeyemi allegedly forged an appointment letter and other official documents to give legitimacy to the organisation. He was subsequently charged alongside two alleged accomplices at the Federal High Court in Abuja on an eight-count charge bordering on forgery, impersonation and obtaining by false pretence.
Earlier investigations also established that Adeyemi allegedly operated several bank accounts linked to the fictitious agencies. The Presidency said he used forged documents to mislead the Office of the Accountant-General of the Federation into facilitating an account for the purported agency with the Central Bank of Nigeria.
The alleged fake agency had also secured office accommodation at the Federal Secretariat in Abuja and appeared in Nigeria’s 2026 Appropriation Act with a budgetary allocation, a development that has generated wider questions about the processes through which the organisation gained official recognition and appeared in government documents.
The Presidency had said the Office of the Chief of Staff to the President, Femi Gbajabiamila, was among the first offices to raise the alarm over the activities of the purported agency. It said Gbajabiamila petitioned security agencies in October 2025 over alleged forged appointment letters and documents bearing his office’s name.
Adeyemi, however, has maintained that the agency was legitimate and has made allegations against senior government officials, claims the Presidency has rejected.
The police investigation has now added the alleged N400 million expenditure to the growing list of issues surrounding the case.
Adeyemi was arrested by police operatives in July after a Federal High Court in Abuja ordered his arrest following his failure to appear for proceedings in the case. He is facing prosecution over the allegations, which remain subject to determination by the court.
The case has also drawn attention to how an organisation described by the Federal Government as fictitious managed to obtain office accommodation, appear in official budget documents and operate financial accounts before its activities were exposed.
The allegations against Adeyemi remain allegations until determined by the court.
