ICPC reports two likely fictitious agencies in Nigeria
Nigeria’s Independent Corrupt Practices and Other Related Offences Commission (ICPC) said that Adeniyi Adeyemi, who is suspected of impersonating the director general of PFIPC, created two more likely fictitious government agencies and opened bank accounts in their names. Details of the interim investigation are reported by Premium Times Nigeria.
According to the commission, Adeyemi allegedly created the Federal Capital Territory Investment Promotion Agency and the Foreign Investment Promotion and Public-Private Partnership Agency. Investigators believe he used versions of forged legislative documents that he had previously used to present PFIPC as a legitimate federal institution.
Accounts and documents
ICPC said that the documents for opening two accounts at Unity Bank did not contain the mandatory authorization from the Office of the Accountant General of the Federation. Such authorization is required for ministries, departments and agencies to operate accounts at commercial banks.
According to the investigation’s findings, Adeyemi was listed in the documents as the director general and chief executive officer of both entities, as well as the sole signatory to the accounts. Instructions to open them were allegedly issued by people named as the chairman and secretary of the Presidential Economic Advisory Council.
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The commission recommended interviewing Unity Bank management and responsible employees, officials from the Office of the Accountant General, as well as people whose names appeared in the documents. It also called for an analysis of accounts linked to Adeyemi and the sources of funds that he, according to ICPC, described as loans.
PFIPC investigation
The investigation into PFIPC was launched on the instructions of Nigerian President Bola Tinubu. In an interim report submitted to the president on August 6, ICPC stated that Adeyemi had not been appointed by the federal authorities and that PFIPC had not been established by law, decree or any other valid government act.
According to ICPC, after PFIPC was exposed, Adeyemi continued to promote the holding of the World Investment Summit through the World Investment Summit Group structure. A total of 71.7 million naira was received into an account opened at Moore Money Microfinance Bank in the name of World Investment Summit, and, according to the commission, the receipts did not include public funds.
ICPC recommended holding Adeyemi accountable for alleged document forgery, impersonation, providing false information to officials and criminal deception. The commission also proposed further examining the actions of officials from the ministries of foreign affairs and finance and other bodies that may have helped create an impression of PFIPC’s official recognition.
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