The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recommended the prosecution of Adeniyi Adeyemi, the director-general of the controversial Presidential Foreign Investment Promotion Council (PFIPC).
Speaking on Thursday during a briefing with State House correspondents after presenting an interim investigation report to President Bola Tinubu at the Presidential Villa, Abuja, Musa Aliyu, ICPC chairman, said PFIPC had no legal backing and never existed as a government agency.
The briefing followed a 30-day investigation ordered by the president on July 7 into allegations surrounding the purported presidential council.
The commission also cleared the presidency and the Central Bank of Nigeria (CBN) of any wrongdoing but blamed institutional lapses in several ministries, departments and agencies (MDAs).
‘PFIPC HAD NO LEGAL BACKING’
Aliyu said investigators established that Adeniyi Adeyemi was never appointed by the federal government and that the PFIPC had no legal existence.
