The House of Representatives ad-hoc committee probing the alleged establishment of the Presidential Foreign Investment Promotion Council, PFIPC, has summoned the Minister of Foreign Affairs and the National Security Adviser, NSA, to explain how the council allegedly operated despite concerns over its legitimacy.
This came on the heels of the submission of a memorandum by the Permanent Secretary of the Ministry of Foreign Affairs, Mr Dunoma Ahmed, which stated that it had no official dealings with the council and had, instead, sought clarification from the NSA following the detection of irregularities in its correspondence.
The ministry’s permanent secretary, while appearing before the committee on Tuesday with a letter dated July 21, 2026, disclosed that Prince Adeniyi Adeyemi, who presented himself as Director-General of the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council, PEAC/PFIPC, approached the ministry three times seeking its collaboration and endorsement to organise a World Investment Summit in Nigeria.
According to the ministry, the requests were received on June 26, 2025; August 5, 2025; and June 5, 2026, but were not acted upon.
The letter read, “Guided by extant rules and regulations as well as the necessity of carrying out due diligence before obliging any request, the Ministry… did not take any action on the requests.
“The Ministry’s refusal to oblige the requests was further necessitated by some of the discrepancies observed in the letters submitted by Prince Adeyemi and the ongoing investigation on the legitimacy of the PFIPC and the personality of its alleged director-general.”
The ministry further revealed that
