Reps Summon Foreign Affairs Minister, NSA Over Alleged Illegal Presidential Investment Council
The House of Representatives has summoned the Minister of Foreign Affairs and the National Security Adviser, NSA, to explain how the alleged Presidential Foreign Investment Promotion Council, PFIPC, was able to operate despite questions over its legal status.
The summons followed revelations by the Ministry of Foreign Affairs that it had no official dealings with the Council and had sought clarification from the NSA after detecting irregularities in correspondence linked to the organisation.
The Ministry’s Permanent Secretary, Dunoma Ahmed, made the disclosure while appearing before the House ad-hoc committee investigating the alleged establishment of the Council on Tuesday.
Ahmed submitted a memorandum to the committee, accompanied by a letter dated July 21, 2026.
He disclosed that Prince Adeniyi Adeyemi, who presented himself as the 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 none was acted upon.
The letter stated: “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 disclosed that it wrote to the Office of the National Security Adviser on October 16, 2025, seeking clarification on Adeyemi’s status.
According to the Ministry, the NSA responded on November 26, 2025, stating that enquiries made with the Office of the Secretary to the Government of the Federation and the Office of the Chief of Staff to the President showed that “Prince Adeniyi Adeyemi Mathew is unknown to any office of the Federal Government”.
The Ministry of Foreign Affairs also told the committee that it had no relationship with the Council.
“The Ministry did not participate in any diplomatic engagement or bilateral and multilateral discussions held by the PFIPC.
The Ministry has never had any official interaction or engagement with the PFIPC or its alleged Director-General,” it stated.
However, committee member, Abubakar Hassan Fulata, questioned why stronger action was not taken after the Ministry received confirmation that the Council had no legal recognition.
“After confirming from the Office of the Secretary to the Government of the Federation and the Office of the Chief of Staff to Mr. President that this entity does not exist legally, did you communicate to the so-called Director-General… that this organisation is illegal and that you should not interact with it any further?” Fulata asked.
Responding to the concerns, the committee Chairman said the Ministry had acted appropriately by referring the matter to the National Security Adviser.
He, however, insisted that the security office must now explain what happened after the matter was brought to its attention.