The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered two more fictitious government agencies allegedly created by Adeniyi Adeyemi, the self-styled director-general of the controversial Presidential Foreign Investment Promotion Council (PFIPC).
The anti-corruption agency said the suspect allegedly established the FCT Investment Promotion Agency (FIPA) and the Foreign Investment Promotion Agency/Public-Private Partnership (FIPA-PPP) as part of an expanded fraudulent operation.
ICPC Chairman, Musa Aliyu, disclosed this on Thursday while addressing State House correspondents after presenting an interim report of the commission’s investigation to President Bola Tinubu at the Presidential Villa in Abuja.
The briefing followed the 30-day probe ordered by the President on July 7 into allegations surrounding the purported Presidential Foreign Investment Promotion Council.
Aliyu said the commission’s findings showed that Adeyemi was never appointed by the Federal Government and that the PFIPC had no legal backing.
“The ICPC also discovered that Adeniyi Adeyemi created two additional fictitious government agencies apart from the one already known in the public domain,” he said.
“To facilitate the creation of these agencies, he used fake legislative instruments styled as enabling Acts and relied on them to open bank accounts.”
According to the ICPC chairman, the suspect allegedly opened two commercial bank accounts to facilitate the activities of the fake organisations.
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Aliyu said the commission has recommended that Adeyemi be prosecuted, while public officials whose negligence allegedly made the scheme possible should face disciplinary measures.
He added that the agency also proposed reforms to strengthen internal control systems across ministries, departments and agencies (MDAs) to prevent similar incidents.
The ICPC chairman further disclosed that investigations are still ongoing to identify other individuals who may have been involved in the scheme and to build a stronger criminal case before formal charges are filed in court.