Abbas Sets Up Probe Panel Over Fake Agency Scandal Today
The Speaker of the House of Representatives, Tajudeen Abbas, is set to inaugurate an ad hoc committee to investigate the controversial inclusion of the unestablished Presidential Foreign Investment Promotion Council (PFIPC) in the 2026 Appropriation Act. The move comes amid fresh criticism over the exclusion of the President’s Chief of Staff, Femi Gbajabiamila, from the list of witnesses invited to appear before the committee. The inauguration and public hearing will be held at the National Assembly Complex in Abuja, in line with Sections 88 and 89 of the 1999 Constitution (as amended), which empower the National Assembly to investigate matters relating to public institutions and the management of public funds. The committee, chaired by the lawmaker representing Kanke/Kanam/Pankshin Federal Constituency of Plateau State, Yusuf Gagdi, was constituted following a resolution of the House of Representatives. Its mandate is to investigate how budgetary provisions amounting to about N1.32 billion were allocated to the Presidential Foreign Investment Promotion Council, an agency that had not been legally established. The investigation follows the arrest of Adeyemi Adeniyi, who allegedly presented himself as the Director-General of the PFIPC and is accused of facilitating the inclusion of the agency in the 2026 budget despite its non-existence. The controversy intensified after Adeniyi reportedly alleged that he paid N100 million through intermediaries to Femi Gbajabiamila to facilitate the establishment of the agency. The allegation has been denied by both the Presidency and the Office of the Chief of Staff. According to the committee’s invitation, signed by Chairman Yusuf Gagdi, the hearing will bring together key government officials, civil society organisations, professional bodies, development partners, the media and members of the public. Those invited include the Minister of Budget and Economic Planning, the Minister of Finance, the Minister of Industry, Trade and Investment, the Attorney-General of the Federation and Minister of Justice, and the Minister of Foreign Affairs. Also expected to appear before the committee are the Governor of the Central Bank of Nigeria, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Auditor-General for the Federation and the Chairman of the Fiscal Responsibility Commission. Other invited officials include the Head of the Civil Service of the Federation, the Secretary to the Government of the Federation, the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), the Director-General of the Department of State Services (DSS) and the Inspector-General of Police. The committee also called on stakeholders, professional bodies, civil society organisations, relevant institutions and members of the public to submit memoranda relating to its terms of reference. Among its key responsibilities is determining how the PFIPC was included in the 2026 Appropriation Act despite lacking legal status. The panel will also trace the budget provision from the executive proposal through legislative consideration to identify the stage at which the allocation was inserted. However, the committee’s decision not to invite either Gbajabiamila or Adeniyi has drawn criticism from some quarters. The House of Representatives constituted the investigative panel amid growing public concern over alleged irregularities in the 2026 budget, particularly the allocation of more than N1.3 billion to an agency the Federal Government says has not been legally established.








