*Prince Adeniyi Adeyemi Matthew, the self-acclaimed Director-General of the disputed ‘Presidential Foreign Investment Promotion Council’, in an open letter, says once the current administration constitutes an independent, multi-stakeholder panel, he will ‘immediately step forward to present comprehensive documentation and verifiable evidence’
Isola Moses | ConsumerConnect
Prince Adeniyi Adeyemi Matthew, the self-acclaimed Director-General of the disputed “Presidential Foreign Investment Promotion Council” (PFIPC), has urged President Bola Ahmed Tinubu to institute an independent probe panel to examine the PFIPC controversy.
Adeyemi, who stated this Monday, July 13, 2026, in an open letter to President Tinubu, urged the President to make the panel “independent” and “multi-stakeholder” to “guarantee complete neutrality”.
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ConsumerConnect reports President Tinubu earlier, had directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the matter.
Adeyemi, however, in his letter said since the same anti-corruption agency is part of the Nigerian Government, it would be unfair to have it probe the matter.
The Director-General of the “fake” PFIPC wrote the letter came amid the controversy over the ‘Council’, which the Presidency said did not exist.
Despite this, Adeyemi has insisted that he was duly appointed as Director-General.
He equally denied any wrongdoing in the entire process.
Adeyemi rather accused Rt. Hon. Femi Gbajabiamila, Chief of Staff (CoS) to President Tinubu, and other senior government officials of attempts to frustrate his activities after he refused to comply with certain orders cum conditions.
Suggestions for membership of investigative panel
He also suggested the panel’s membership should be drawn from civil society organisations and independent media representatives, international financial observers, and human rights observers, including Amnesty International (AI), to monitor compliance with international safety and legal standards.
The supposed Director-General of PFIPC as well listed other transnational organisations as “Diplomatic Observers: Representatives from the United Nations, the United States, the United Kingdom, the European Union, ECOWAS and the African Union” and “Statutory Enforcement: The ICPC and EFCC, serving as technical partners within this broader, independent coalition.”
Adeyemi noted: “If this investigation is to command the absolute trust of the Nigerian public and the international community, it must transcend standard bureaucratic boundaries.
“The moment this independent, multi-stakeholder panel is constituted, I will immediately step forward to present comprehensive documentation and verifiable evidence.
“A system cannot credibly investigate itself when its own key actors are central to the discourse.”
Despite his request for an independent probe panel, he commended President Tinubu for directing the ICPC to investigate the circumstances “surrounding the PFIPC Scandal and ₦1.3 billion allocation inserted into the 2026 Appropriation Bill.”
Stated he: “This directive is a vital first step, but the structural realities of this investigation compel me to speak out of a profound desire for absolute transparency.”
Adeyemi still alleged that “true accountability cannot be achieved when the agency conducting the investigation answers directly to the branch of government within which the core allegations lie.
“Furthermore, I must state clearly that walking freely into custody under the current arrangement poses an immediate, existential threat to my life.”
Adeyemi noted: “I have received verified, highly reliable intelligence indicating that I am targeted for elimination the moment I surface in an unmonitored environment.
“This is not an unfounded fear. My concerns are deeply validated by the highly alarming events surrounding Mr. Dolapo Babatunde Tanimola, a central intermediary in this matter.
“Official reports claim Mr. Tanimola tragically died in a sudden fire incident at Kachi Hotel in Utako, Abuja.”
He said: “Yet, there remains a total absence of independent eyewitness or media verification of any such inferno.
“More disturbingly, under highly unclear circumstances and without the official involvement of any federal capital regulatory agency, the entire Kachi Hotel structure was swiftly invaded by unidentified armed actors and manually demolished down to the rubble days later—effectively erasing a vital physical crime scene and erasing material evidence.”
Adeyemi: How Gbajabiamila got ₦400m through a proxy
It is recalled that Prince Adeyemi, June 2026, at a press conference had pooh-poohed Gbajabiamila’s comment and defence, claiming his “Council” wouldn’t have appeared in the 2026 Budget if it did not exist.
Besides, he alleged the former House of Representatives Speaker got the ₦400 million from him through a proxy, and asked for another ₦200 million to enable him to get the appointment.
However, prosecutors have accused Adeyemi of forgery of several government documents, including a presidential appointment letter-headed paper.
Adeyemi he continued to deny any wrongdoing in the whole arrangement, insisting he was appointed.
He again, threw a challenge while featuring in Channels TV programme ‘Politics Today’ stating: “If I’m wrong, let the court of law do that, and if I’m right, let the court of law do that; do the right thing.”