By Breitbart News Network | Created at 2026-10-02 01:06:51 | Updated at 2026-10-02 06:05:12
7 hours ago
An enterprising Nigerian named Adeniyi Adeyemi is facing charges in the capital of Abuja for creating and running a fake government agency for over a year, complete with about $1 million in funding from the Nigerian federal government.
According to prosecutors, Adeyemi created an agency called the Presidential Foreign Investment Promotion Council (PFIPC) in 2024 and installed himself as director-general. He kept the phony agency going until he was arrested in October 2025.
Adeyemi was somehow able to secure office space for his fake agency inside the Federal Secretariat office complex in Abuja, along with a million dollars of funding. He got his hands on some presidential stationery and used it to request cooperation from other government agencies – and evidently some of his requests were taken seriously, although prosecutors have not yet indicted any other government officials for colluding with him.
Police investigators said they have traced a total of 34 bank accounts to Adeyemi, including nine of them that were opened in the name of various government agencies. According to prosecutors, Adeyemi even recruited staffers to work for his fake agency.
The ersatz Director-General of the Presidential Foreign Investment Promotion Council (PFIPC) also forged a realistic-looking letter of appointment from President Bola Tinubu, purportedly signed by presidential chief of staff Femi Gbajabiamila.
Gbajabiamila was the official who filed a petition to arrest Adeyemi, who faces eight counts of conspiracy, forgery, and impersonation alongside two accomplices known as “Femi” and “Anu,” who remain at large.
The Premium Times of Nigeria reported that Adeyemi appeared before the Federal High Court in Abuja for his arraignment on Wednesday “after several failed attempts to bring him before the court.”
Those previous attempts were unsuccessful “for various reasons,” including based on requests by his lawyers, his absence from court and the judge’s official engagement elsewhere. A judge swore out a bench warrant for Adeyemi’s arrest after he failed to appear for a July arraignment, and he was arrested within 12 hours, but it still took a surprisingly long time to get him into court.
Adeyemi said through his lawyers that he skipped out on his July arraignment because he “feared for his life” and had written an open letter to President Tinubu asking for protection. The Premium Times observed that he did not look particularly fearful when he finally made it to the courtroom on Wednesday, strolling cheerfully into chambers wearing a baseball cap and a white traditional robe known as a kaftan.
Adeyemi pleaded not guilty to all eight of the charges against him and was remanded to custody in the Kuje Correctional Center by the judge. He has claimed in media interviews that his PFIPC was a legitimate agency and he was working to bring foreign investment into Nigeria.
The case has become a hot topic among Nigerians, who have long complained about corruption and incompetence in their government, but are still shocked that a random con artist could create and operate a phony high-level government agency for months without being detected.
Some critics of the Tinubu government have postulated that Adeyami could only keep his scam running for so long if he was paying off legitimate government officials to evade oversight.
Adeyemi himself has claimed he paid Gbababiamila, the presidential chief of staff, a fee of 400 million Nigerian nairas (about $300,000) to help him forge his fake presidential appointment document. Adeyemi has asked Tinubu to establish an independent anti-corruption panel to investigate his case.
