Dangote Refinery AD
ADVERTISEMENT
  • PT Insider
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • PT Jobs
  • Advert Rates
  • Contact Us
  • Digital Store
Thursday, October 1, 2026
Premium Times Nigeria
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Gender
  • Investigations
    • All
    • Alabuga Reports
    • Blood on Uniforms
    Illegal mining around the M.I. Wushishi/Lukoto area of the state capital.

    Minna’s Cell of Death: Survivors recount how 37 mining suspects died in NSCDC custody

    A photo of Leno Adesanya, President Bola Tinubu and Sambo Dasuki

    Mambilla: How PREMIUM TIMES investigation helped Nigeria defeat Leno Adesanya at Paris Tribunal

    The MPN office in Kaduna Photo Credit: Mariya Shuaibu Suleiman

    SPECIAL REPORT: In Kaduna, community peacebuilding offers way to stop disputes from becoming violent 

    Gas flaring site at Network Exploration & Production Nigeria, Inua Eyet Iko, Ibeno, Akwa Ibom state. (Image: Ini Ekott/Pluboard)

    SPECIAL REPORT: Inside Nigeria’s methane problem

    Edet Etok at his four bedroom bungalow

    Akwa Ibom govt silent as compensation disputes swirl around N117.5bn Medical City project

    Naomi Teryen displays Multiple Micronutrient Supplements at the Anyiin IDP camp in Logo LGA, Benue State. PiC: Manasseh Mbachii/PREMIUM TIMES

    SPECIAL REPORT: Shut clinic deepens healthcare crisis in Benue IDP camp

    INEC Ballot box used for votes

    SPECIAL REPORT: Why young Nigerians are losing faith in elections

    Gas flare at Heirs Energies facility at Umuechem

    INVESTIGATION: Oil companies violate Nigerian laws, flare gas, face no sanctions (1)

    Children rescued from traffickers in Benue State.

    INVESTIGATION: How criminals exploited Benue’s conflicts to traffic children, women

  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Trade Insights
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
    • All
    • Analysis
    • Columns
    • Contributors
    • Editorial
    Shuaib Agaka writes about how the implosion of Okra.

    Africa cannot build a borderless digital economy with borders between regulators, By Shuaib S. Agaka

    Mass weddings as social policy: What happens after the ceremony? (1), By Ismail Ahmed

    Mass weddings as social policy: What happens after the ceremony? (2), By Ismail Ahmed

    Nigeria at 66: Musings on the health sector in the Renewed Hope era, By Olayinka Atilola

    Nigeria at 66: Musings on the health sector in the Renewed Hope era, By Olayinka Atilola

    ‎After NYSC: Finding my feet beyond service, ‎By Ifeanyi Favour Ogochukwu

    ‎After NYSC: Finding my feet beyond service, ‎By Ifeanyi Favour Ogochukwu

    Retirees to exporters: NEPC’s post‑retirement empowerment drive, By Kabir Abdulsalam

    NEPC and the quest for a more reliable export incentive system, By Kabir Abdulsalam

    The 10th Senate and the meaning of legislative leadership, By Kabir Akintayo

    The 10th Senate and the meaning of legislative leadership, By Kabir Akintayo

  • Health
    • News Reports
    • Special Reports and Investigations
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • Online Casino Österreich
      • non Gamstop casinos
      • Kasyna online
      • Casino Uden Rofus
      • Τα Καλύτερα Online Casino
      • Casino Sin Licencia España
      • Casino Utan Svensk Licens
      • Beste online casinos
      • Top cazinouri online
    • Gokken
      • Beste Online Casino Nederland
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential
    • Gubernatorial
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Gender
  • Investigations
    • All
    • Alabuga Reports
    • Blood on Uniforms
    Illegal mining around the M.I. Wushishi/Lukoto area of the state capital.

    Minna’s Cell of Death: Survivors recount how 37 mining suspects died in NSCDC custody

    A photo of Leno Adesanya, President Bola Tinubu and Sambo Dasuki

    Mambilla: How PREMIUM TIMES investigation helped Nigeria defeat Leno Adesanya at Paris Tribunal

    The MPN office in Kaduna Photo Credit: Mariya Shuaibu Suleiman

    SPECIAL REPORT: In Kaduna, community peacebuilding offers way to stop disputes from becoming violent 

    Gas flaring site at Network Exploration & Production Nigeria, Inua Eyet Iko, Ibeno, Akwa Ibom state. (Image: Ini Ekott/Pluboard)

    SPECIAL REPORT: Inside Nigeria’s methane problem

    Edet Etok at his four bedroom bungalow

    Akwa Ibom govt silent as compensation disputes swirl around N117.5bn Medical City project

    Naomi Teryen displays Multiple Micronutrient Supplements at the Anyiin IDP camp in Logo LGA, Benue State. PiC: Manasseh Mbachii/PREMIUM TIMES

    SPECIAL REPORT: Shut clinic deepens healthcare crisis in Benue IDP camp

    INEC Ballot box used for votes

    SPECIAL REPORT: Why young Nigerians are losing faith in elections

    Gas flare at Heirs Energies facility at Umuechem

    INVESTIGATION: Oil companies violate Nigerian laws, flare gas, face no sanctions (1)

    Children rescued from traffickers in Benue State.

    INVESTIGATION: How criminals exploited Benue’s conflicts to traffic children, women

  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Trade Insights
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
    • All
    • Analysis
    • Columns
    • Contributors
    • Editorial
    Shuaib Agaka writes about how the implosion of Okra.

    Africa cannot build a borderless digital economy with borders between regulators, By Shuaib S. Agaka

    Mass weddings as social policy: What happens after the ceremony? (1), By Ismail Ahmed

    Mass weddings as social policy: What happens after the ceremony? (2), By Ismail Ahmed

    Nigeria at 66: Musings on the health sector in the Renewed Hope era, By Olayinka Atilola

    Nigeria at 66: Musings on the health sector in the Renewed Hope era, By Olayinka Atilola

    ‎After NYSC: Finding my feet beyond service, ‎By Ifeanyi Favour Ogochukwu

    ‎After NYSC: Finding my feet beyond service, ‎By Ifeanyi Favour Ogochukwu

    Retirees to exporters: NEPC’s post‑retirement empowerment drive, By Kabir Abdulsalam

    NEPC and the quest for a more reliable export incentive system, By Kabir Abdulsalam

    The 10th Senate and the meaning of legislative leadership, By Kabir Akintayo

    The 10th Senate and the meaning of legislative leadership, By Kabir Akintayo

  • Health
    • News Reports
    • Special Reports and Investigations
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • Online Casino Österreich
      • non Gamstop casinos
      • Kasyna online
      • Casino Uden Rofus
      • Τα Καλύτερα Online Casino
      • Casino Sin Licencia España
      • Casino Utan Svensk Licens
      • Beste online casinos
      • Top cazinouri online
    • Gokken
      • Beste Online Casino Nederland
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential
    • Gubernatorial
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
House of Reps (Lawmakers) (PHOTO CREDIT: @HouseNGR, https://twitter.com/HouseNGR/status/1790695385045848258/photo/3)

House of Reps (PHOTO CREDIT: @HouseNGR)

House of Reps probes ₦1.3 billion vote to phantom PFIPC

The lawmakers also resolved to invite the Minister of Budget and Economic Planning and the Director-General of the Budget Office of the Federation to explain the verification procedures applied before new entities are admitted into the federal budget.

bySharon Eboesomi
July 8, 2026
Reading Time: 3 mins read
0
Google Logo Add us on Google

The House of Representatives has resolved to investigate the inclusion of over ₦1.3 billion vote for a non-existent federal agency in the 2026 Appropriation Framework. Lawmakers have described the embarrassing development as a significant threat to the integrity of Nigeria’s budget process and public financial management.

Join the Premium Times WhatsApp Community For Quick Access To News and Happenings Around You.

Open in WhatsApp

The decision arose from a motion of urgent public importance sponsored by Yusuf Gagdi (APC, Plateau). Arguing the motion, he had warned that the incident exposed serious weaknesses in the country’s appropriation system and raised concerns that other fictitious agencies could have slipped into previous budgets unnoticed.

FIRST BANK AD Do you live in Ogijo

The proposed investigation will examine how the so-called Presidential Foreign Intervention Promotion Council (PFIPC) secured budgetary allocations despite not being established by any law or executive instrument.

The Motion and Legislative Concerns

Mr Gagdi stated that the council allegedly operated from the Federal Secretariat Complex in Abuja, interacted with several government institutions, and presented itself as a legitimate body before the federal government publicly declared it non-existent.

According to Mr Gagdi, the organisation’s activities are already the subject of ongoing criminal proceedings before the Federal High Court in Abuja. He stressed that the House investigation would focus solely on the budgetary implications and the institutional failures that allowed the entity to gain official recognition.

He informed lawmakers that the organisation relied on a document purporting to establish it under “Chapter N2117 Laws of the Federation of Nigeria.” However, records from the National Assembly indicate that no legislation establishing such a council was ever passed. He explained that the closest relevant law is the Nigerian Investment Promotion Commission (NIPC) Act, rendering the purported legal instrument relied upon by the council “manifestly false” when compared with official statutory records.

PT WHATSAPP CHANNEL
Dangote Refinery AD

Mr Gagdi further noted that more than ₦1.3 billion linked to the council was reflected in the 2026 budget framework, raising critical questions regarding how an agency without any legal foundation could pass through executive and legislative budget scrutiny. “The ease with which a single unestablished entity processed through official channels suggests a systemic vulnerability rather than an isolated administrative lapse,” he noted. House Resolutions

Premium Times

Stay Ahead with Premium Times

Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting.

Google Logo Add as a preferred source on Google

Following the adoption of the motion, the House resolved to:

  • Constitute an ad hoc committee to investigate how the alleged budgetary provision entered the 2026 Appropriation Framework, tracing it from the executive budget proposal through committee consideration.
  • Invite the Minister of Budget and Economic Planning and the Director-General of the Budget Office of the Federation to explain the verification procedures applied before new entities are admitted into the federal budget.
  • Direct that every ministry, department, agency, and government body reflected in the 2025 and 2026 Appropriation Frameworks be verified against its legal instrument of establishment.
  • Request that the Office of the Accountant-General of the Federation confirm that no public funds have been released and that no payment warrants will be issued in favour of the alleged agency pending the investigation’s conclusion.
  • Mandate, henceforth, the Budget Office to submit, alongside every appropriation bill, a comprehensive and certified list of all bodies proposed for funding, citing the enabling law for each to prevent the inclusion of fictitious entities.

Mr Gagdi anchored these resolutions in Sections 80, 81, 88, and 89 of the Constitution, as well as Sections 19, 30, and 50 of the Fiscal Responsibility Act, 2007.

Deputy Speaker’s Account

Supporting the motion, Deputy Speaker Benjamin Kalu disclosed that he had personally met representatives of the organisation after receiving an official-looking letter bearing the Presidency’s insignia. Mr Kalu noted that his office received correspondence dated 2 May 2025 from a body that identified itself as both the Presidential Economic Advisory Council (PEAC) and the Presidential Foreign Intervention Promotion Council.

The letter featured a Federal Secretariat address, an official-looking government logo, and a “.gov.ng” website, which prompted his office to verify the organisation’s physical location before granting an audience. While officials confirmed the organisation operated from the stated office, Mr Kalu said the delegation abandoned the policy issues outlined in their letter during the meeting and appeared more interested in taking photographs.

“This shows that having the Presidency on a letterhead is no longer sufficient proof that an agency is genuine,” he remarked, adding that the House must investigate how the organisation secured office accommodation and access to senior officials.

Background

PREMIUM TIMES had reported on the activities of the PFIPC and its leadership, which allegedly presented itself as part of the Presidency. At the centre of the controversy is Adeniyi Adeyemi, who claimed to be the director-general of both the PFIPC and the PEAC.

READ ALSO: House of Reps swears in new member from Kano after by-election victory

Mr Adeyemi and his associates reportedly attended official functions and met with senior officials while using official-looking letterheads and maintaining a government-style identity.

However, the Presidency subsequently disowned both Mr Adeyemi and the organisation. In a statement issued by the Chief of Staff to the President, Femi Gbajabiamila, the Presidency categorically stated that neither council exists under the administration of President Bola Tinubu and warned public institutions against dealing with them.

The Senate had also explained on Tuesday that the ₦1.3 billion appropriated for the non-existent PFIPC in the 2026 budget was ”neither recommended nor inserted” by the National Assembly.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Share on Telegram (Opens in new window) Telegram
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print

Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Previous Post

2026 FIFA World Cup: How goalkeepers have become defining heroes

Next Post

Senate rejects motion to probe ₦1.3 billion vote for so-called PFIPC in 2026 budget

Sharon Eboesomi

Sharon Eboesomi

More News

President Bola Tinubu signing the 2025 budget extension bill into law

Tinubu signs 2025 budget extension bill into law

October 1, 2026
Leno Adesanya, Atiku Abubakar and Sambo Dasuki

Mambilla: Adesanya denies political ties with Atiku, Dasuki

September 30, 2026
Nyesom Wike (CREDIT: TheCable)

2027: I’ll resign if Tinubu loses FCT, Rivers, Wike vows

September 30, 2026
Workers protesting over alleged recalcitrance of government and employers to pay adequate minimum wage, at the Federal Secretariat in Abuja on Tuesday (30/10/18). 05391/30/10/2018/Deborah Bada/BJO/NAN

Nigerian workers threaten warning strike over high petrol prices, minimum wage

September 30, 2026
Adeniyi Adeyemi

UPDATED: Fake Agency Scandal: Court remands Adeyemi over forgery, impersonation charges

September 30, 2026
Adeniyi Adeyemi,

Fake Agency Scandal: Adeyemi finally appears in court for arraignment

September 30, 2026
Leave Comment

  • About Us
  • Contact Us

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game

Projects & Partnerships

  • AUN-PT Data Hub
  • #EndSARS Dashboard
  • Parliament Watch
  • Panama Papers
  • AGAHRIN
  • #PandoraPapers
  • #ParadisePapers
  • #SuisseSecrets
  • Our Digital Network
  • About Us
  • Contact Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2025 The Premium Times, Nigeria

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

DMCA.com Protection Status
  • Home
  • Elections
    • 2024 Ondo Governorship Election
    • 2024 Edo Governorship Election
    • Presidential & NASS
    • Gubernatorial & State House
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • Gender
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Trade Insights
    • Business Specials
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Features
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
    • Casino
      • iGaming
      • Non AAMS
      • Online Kaszinó Magyar
      • Online Casino Österreich
      • non Gamstop casinos
      • Kasyna online
      • Τα Καλύτερα Online Casino
      • Casino Sin Licencia España
      • Casino Utan Svensk Licens
      • Casino Uden Rofus
      • Beste online casinos
      • Top cazinouri online
      • Online Casino Österreich
    • Gokken
      • Beste Online Casino Nederland
    • Games
      • كازينو اون لاين
      • Geriausi kazino internetu
      • Онлайн казино Казахстан
  • #EndSARS Dashboard
  • AUN-PT Data Hub
  • Projects
    • Panama Papers
    • Paradise Papers
    • SuisseSecrets
    • Parliament Watch
    • AGAHRIN
  • Opinion
    • Editorial
  • PT Hausa
  • Become a PT Insider
  • DONATE
  • About Us
  • Dubawa NG
  • Advert Rates
  • PT Jobs
  • Digital Store
  • Contact Us

All content is Copyrighted © 2025 The Premium Times, Nigeria

Discover more from Premium Times Nigeria

Subscribe now to keep reading and get access to the full archive.

Continue reading