A growing controversy has emerged following allegations that a man identified as Prince Adeniyi Matthew operated a purported federal government agency, allegedly securing official recognition, office space, and budgetary allocations despite claims that the organisation had no legal existence.
According to claims circulating widely on social media and other online platforms, Matthew allegedly presented himself as the Director-General of the so-called Presidential Foreign Intervention Promotion Council (PFIPC), an entity said to have promoted foreign investment initiatives under the Presidency.
The allegations claim that he obtained office accommodation at the Federal Secretariat Complex in Abuja, opened a government account with the Central Bank of Nigeria (CBN), secured a budget allocation of ₦1,302,978,784 in the 2026 Appropriation Act, convened meetings involving ambassadors and senior government officials, and represented Nigeria at international engagements.
The reports further allege that the council maintained an online presence, organised investment-related activities, and engaged with traditional rulers and other stakeholders.
The Presidency has publicly distanced itself from the alleged agency, stating that it was not a recognised government institution and that relevant authorities have commenced investigations into the matter.
Following the development, several commentators have raised questions regarding the processes through which the alleged organisation was able to operate. They have called for explanations from institutions responsible for budgeting, financial oversight, public administration, and government verification procedures.
Among those whose offices have been mentioned in public commentary are the Budget Office of the Federation, the Office of the Accountant-General of the Federation, the Central Bank of Nigeria, the National Assembly of Nigeria, the Office of the Secretary to the Government of the Federation, and the Federal Ministry of Foreign Affairs.
The officials whose offices have been referenced in public discussions include Babangida Hussaini, Oluwatoyin Madein, Yemi Cardoso, George Akume, Yusuf Tuggar, Femi Gbajabiamila, Barau Jibrin, and Tajudeen Abbas.
The individuals mentioned have not been accused by authorities of wrongdoing in connection with the allegations, and no official findings have established liability on their part. The questions raised by commentators reflect calls for transparency regarding the verification, budgeting, and administrative processes surrounding the alleged agency.
As of the time of filing this report, investigations into the matter are ongoing, and the relevant government institutions have yet to release comprehensive findings.
IBN News will continue to monitor developments and provide updates as more official information becomes available.
